LINYI, China, Dec. 31, 2015 /PRNewswire/ -- American
Lorain Corporation (NYSE MKT: ALN)
("American Lorain" or the "Company"), an international processed
snack foods, convenience foods, and frozen foods company based in
the Shandong Province,
China, today announced that the
Company has gained high recognitions from Wal-Mart with respect to
product quality and management capability. American Lorain branded
Youtiao products will be supplied
to over 400 Wal-Mart stores in China.
American Lorain and Wal-Mart have maintained a long-term and
stable relation of cooperation in China. After detailed discussion and
negotiation, Wal-Mart intends to sell Lorain branded Youtiao
product over 400 stores across the country. As part of cooperation,
Wal-Mart also agrees to promote Lorain branded Youtiao on its
public platform, like Weibo and WeChat. The recent transaction with Wal-Mart
will substantially drive the Company's revenue and further improve
the Lorain brand awareness in China. This may also lead to other products
supply opportunity to Wal-Mart in the future.
Mr. Si Chen, Chairman and CEO of American Lorain, commented, "We
are all very excited that American Lorain and Wal-Mart have
achieved a breakthrough in our cooperation. Soon, there will be
over 400 Wal-Mart stores in China
agreeing to only purchase Lorain
branded Youtiao product. Our exclusive presence in the Youtiao
category with these Wal-Mart stores helps to significantly to
spread our brand recognition in China. We believe that this is just the
beginning as we are working closely with Wal-Mart to launch more
innovative products in the near future. We believe that it will
bring more long-term benefits for the company and our
shareholders."
About American Lorain
Corporation
American Lorain Corporation
(NYSE:ALN) is China's leading
chestnut, convenience food product and frozen food product
manufacturer. The company currently has 13 world-class standards of
food production lines, which can supply more than 200 kinds of
product categories. For domestic trade, it has more than thirty
offices, with its sales network covers large cities, medium-size
cities and coastal open cities all over China. Regarding to international trade, the
products are exported to more than 40 countries and regions, such
as Japan, South Korea, the
United States, Taiwan,
Southeast Asia and Europe, which makes our company enjoys a high
reputation in the international market. For more information on
American Lorain Corporation, please
visit: http://en.usalr.cn/index.html
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," "to be," "expects,"
"anticipates," "believes," "estimates," or similar expressions,
involve known and unknown risks and uncertainties. Such statements
are based upon management's current expectations and current market
and operating conditions, and relate to events that involve known
or unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond American Lorain
's control, which may cause American Lorain 's actual results,
performance or achievements to differ materially from those in the
forward-looking statements. Actual results or events may differ
from those anticipated or predicted in this press release, and the
differences may be material. Further information regarding these
and other risks, uncertainties or factors is included in American
Lorain 's filings with the U.S. Securities and Exchange Commission.
American Lorain 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.
Contact:
Johnny Zhou CFO
Tel.: +86-139-1730-3401
E-mail: johnny.zhou@usalr.cn
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SOURCE American Lorain
Corporation