Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire | Realwire | ACN/JCN newswire | 247pressrelease | PRWeb

China Nepstar Enters Into Strategic Cooperation Agreement with ATMU to Install More Than 1,000 ATMs in Nepstar Stores

Posted : Tue, 03 Nov 2009 12:00:21 GMT
Author : China Nepstar Chain Drugstore Ltd.
Category : Press Release
News Alerts by Email ( click here )
News | Home
SHENZHEN, China, Nov. 3 Nepstar-ATMs-in-Store
SHENZHEN, China, Nov. 3 /PRNewswire-Asia-FirstCall/ -- China Nepstar Chain Drugstore Ltd. (NYSE: NPD) ("China Nepstar" or the "Company"), the largest drugstore chain in China based on the number of directly operated stores, today announced that it has entered into a strategic cooperation agreement with ATMU (China) Technology Co., Ltd., a subsidiary of ATMU Inc., one of the largest ATM operators in China, to install ATMs in Nepstar stores.
This cooperation will not only provide convenience to customers and generate rental revenue for China Nepstar, but will also help increase store traffic and accelerate the development of electronic payment services at Nepstar stores. ATMU plans to complete initially 1,000 ATM installations in China Nepstar's existing stores by end of 2010.
ATMU Inc. is one of the largest ATM operators, ATM media service providers and ATM maintenance providers in China. ATMU Inc.'s strategic business partner, Postal Savings Bank of China, is the fifth largest commercial bank in China. Established on what was the financial services network of the China Post Bureau, Postal Savings Bank of China provides full commercial banking services to more than one billion residents in rural and urban markets across mainland China.
Mr. Jason Wu, Chief Operation Officer of Nepstar, commented, "We are delighted with this new initiative. With our broad geographic coverage in China and outstanding brand name, China Nepstar is the logical partner for ATMU. This cooperation is another step towards our long term goal of bringing maximum convenience and high quality products to our customers. We believe that the installation of these ATMs, along with other in-store service terminals such as the utility bill payment system, will further help increase our store traffic and strengthen our customer relationships."
About China Nepstar Chain Drugstore Ltd.
China Nepstar Chain Drugstore Ltd. (NYSE: NPD) is China's largest retail drugstore chain based on the number of directly operated stores. As of June 30, 2009, the Company had 2,312 stores across 64 cities, one headquarter distribution center and 12 regional distribution centers in China. China Nepstar uses directly operated stores, centralized procurement and a network of distribution centers to provide its customers with high-quality, professional and convenient pharmacy services and a wide variety of other merchandise, including OTC drugs, nutritional supplements, herbal products, personal care products, family care products, and convenience products including consumables. China Nepstar's strategy of centralized procurement, competitive pricing, customer loyalty programs and private label offerings has enabled it to capitalize on the robust economic growth in China and to take advantage of the demographic trend in China to achieve a strong brand and leading market position. For further information, please go to http://www.nepstar.cn .
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's strategic operational plans and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
    For more information, please contact:

    In China:
     Lucia Qian
     China Nepstar Chain Drugstore Ltd.
     Vice President, IR
     Phone: +86-755-2641-4065
     Email: qianrt@nepstar.cn

    In the United States:
     Dixon Chen
     Grayling
     Investor Relations
     Tel:   +1-646-284-9403
     Email: dixon.chen@us.grayling.com

     Ivette Almeida
     Grayling
     Media Relations
     Tel:   +1-646-284-9455
     Email: ivette.almeida@us.grayling.com
SOURCE China Nepstar Chain Drugstore Ltd.

Copyright © 2008 PR Newswire. All rights reserved.

Share/Save/Bookmark

Article : China Nepstar Enters Into Strategic Cooperation Agreement with ATMU to Install More Than 1,000 ATMs in Nepstar Stores
Print this article
Share this article

Stay Updated

News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Related News

Barrick Gold Sets Out Position on Bill C-300 and Provides Facts
TORONTO, ONTARIO -- 11/26/09 -- Barrick Gold Corporation (NYSE: ABX)(TSX: ABX) today outlined its position on a private members' Bill (C-300) currently before the Standing Committee on Foreign Affairs and International Development, Canada, in parti..

Scania in Brazilian Collaboration for Further Development of Ethanol- and Gas-Powered Industrial Engines
STOCKHOLM - Regulatory News: Scania (STO:SCVA) (STO:SCVB) and Vale Soluções em Energia S.A. (VSE) have signed a memorandum of understanding to collaborate on the development of new technology for ethanol- and gas-powered industrial engines for the Brazili

Gaming VC Selects Chartwell to Power Global Growth
CALGARY, ALBERTA -- 11/26/09 -- Chartwell Technology Inc. ("Chartwell") (TSX: CWH) Online gaming software provi..

Bitumen Annual Consumption in Russia to Reach 10 Mln Tons by 2015 According to Merchant Research & Consulting Ltd.
LONDON - Today, the production of high quality bitumen for road management is a promising business direction at the Russian bitumen market. The industrial need for bitumen produced from fractions of conventio

Kalahari Resources Receives Unanimous Shareholder Approval From Golden Pond Resources and Tundra Gold Mines on Lamaque Gold Transaction
VANCOUVER, BRITISH COLUMBIA -- 11/26/09 -- Kalahari Resources Inc. (TSX VENTURE: KLA) (the "Company") is pleased to announce it has received unanimous shareholder approval from Golden Pond Resources Ltd. ("Golden Pond") and Tundra Gold Mines Limite..

Osisko Concludes Financing Agreement With CPPIB Credit Investments Inc.
MONTREAL, QUEBEC -- 11/26/09 -- Osisko Mining Corporation ("Osisko" or the "Company") (TSX: OSK)(FRANKFURT: EWX) is pleased to announce that it has concluded the first tranche of the previously announced financing agreement with CPPIB Credit Invest..

U3O8 Corp. Cuts 2.3 Metres at 0.551% (11 Pounds per Short Ton) U3O8 at Aricheng West
TORONTO, ONTARIO -- 11/26/09 -- U3O8 Corp. (TSX VENTURE: UWE), a Canadian uranium exploration company, reports significant uranium mineralization from drilling in the

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark
 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.