China Nepstar Enters Into Strategic Cooperation Agreement with ATMU to Install More Than 1,000 ATMs in Nepstar Stores
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Tue, 03 Nov 2009 12:00:21 GMT |
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China Nepstar Chain Drugstore Ltd. |
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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.
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PR Newswire. All rights reserved.
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