Attached files
| file | filename |
|---|---|
| 8-K - QKL Stores Inc. | v163367_8k.htm |
| EX-99.2 - QKL Stores Inc. | v163367_ex99-2.htm |
Exhibit
99.1
QKL
Stores Inc. Receives Approval for Listing on The NASDAQ Capital
Market
—
Trading on NASDAQ will commence on October 21, 2009 under the symbol “QKLS”
—
Daqing,
China, October 20, 2009 – QKL Stores Inc. (“QKL Stores” or the “Company”)
(OTCBB: QKLS), a leading regional supermarket chain in Northeast China, today
announced that it has received approval for the listing of its common stock on
the NASDAQ Capital Market. The Company anticipates that its common
stock will begin trading on the Nasdaq Capital Market on Wednesday, October 21,
2009 under the symbol “QKLS.” Until that time, the Company’s common stock will
continue to trade on the OTC Bulletin Board under the symbol
“QKLS.”
Mr. Zhuangyi Wang,
Chairman and Chief Executive Officer of the Company, said, "We are
extremely pleased to meet the listing standards for
the Nasdaq Capital Market, and that our application for listing has been
approved. We expect this milestone in the Company's development to
improve its visibility and coverage in the marketplace. We are
optimistic with respect to our future growth opportunities and believe our
listing on Nasdaq can increase overall investors’ interests in our
company."
About
QKL Stores Inc.:
Based in
Daqing, China, QKL Stores is a leading regional supermarket chain company
operating in Northeast China. QKL Stores sells a broad selection of merchandise,
including groceries, fresh food, and non-food items, through its retail
supermarkets, hypermarket and department stores. The Company also has its own
distribution centers that service its supermarkets.
Safe
Harbor Statement
Certain
statements in this release and other written or oral statements made by or on
behalf of the Company are “forward looking statements” within the meaning of the
federal securities laws. Statements regarding future events and developments and
our future performance, as well as management's expectations, beliefs, plans,
estimates or projections relating to the future, are forward-looking statements
within the meaning of these laws. The forward looking statements are subject to
a number of risks and uncertainties including market acceptance of the Company’s
services and projects and the Company’s continued access to capital and other
risks and uncertainties. The actual results the Company achieves may differ
materially from those contemplated by any forward-looking statements due to such
risks and uncertainties. These statements are based on our current expectations
and speak only as of the date of such statements.
Contact
Information
Company
Contact
QKL
Stores Inc.
Diana
Zhang & Crystal Chen
Tel:
+86-459-4607626
Web
site: www.qklstoresinc.com
Investor
Relations:
ICR, Inc.
Wei Jung Yang
Tel: +86-10-6599-7968
Bill Zima
Tel: 1-203-682-8200