SOURCE: Pacific Bepure Industry, Inc.

January 20, 2010 08:00 ET

Pacific Bepure Industry Launches English Corporate Website at www.baopiao.com

JINJIANG CITY, CHINA--(Marketwire - January 20, 2010) - Pacific Bepure Industry, Inc. (OTCBB: PBEP), one of China's leading casual and sports footwear companies, whose products are sold under the Baopaio (or "Bepure") label -- which is synonymous throughout China for comfort and value -- today announced the launch of its English language corporate website following the recent start of U.S. trading in its shares.

The website, at www.baopiao.com, provides an overview of the Company and its exciting "Travel Time" series of shoes. These are sold primarily to young women (80% of sales) in China's second and third tier cities, who are seeking fashionable comfort, value and quality in the casual and sports shoes they wear for work, travel and recreation. The site also provides information on the Company's sales network in 22 provinces, and its new manufacturing expansion which is expected to be completed in 2010 to help meet growing product demand.

Mr. Haiting Li, Chairman and CEO of the Company, stated, "In 2010 we look forward to building relationships with current and potential investors in the U.S. following our recent listing, and are working hard to continue to deliver the growth we know they expect. We intend to regularly update our new corporate website to help keep investors informed of our progress."

About Pacific Bepure

The Pacific Bepure footwear label "Baopaio" or "Bepure," is one of the most well known in China, and considered a "favorite brand." The Company's four lines of "Travel Time" casual and sports shoes are aimed primarily at young women in China's smaller cities, who appreciate their comfort, style and value, as well as special features for which the brand is known, especially hidden height increasing technology. Sold through 22 distributors in 22 provinces with a growing network of distributors and retail stores, sales of more than 2.2 million pairs of shoes in 2008 produced revenues of about $20 million, up 49% over the prior year. Sales continued to grow in 2009 despite the weaker economic conditions in the first half of the year, which the company helped offset with profitable exports to South America. Following a successful reverse merger in late 2009, Pacific Bepure is now a fully reporting company on the U.S. OTC Bulletin Board, where its shares trade with the symbol PBEP.OB.

Information Regarding Forward-Looking Statements

Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product demand, market competition, and risks inherent in our operations. These and other risks are described in our filings with the U.S. Securities and Exchange Commission.

Contact Information

  • Contacts:

    Haiting Li
    Chairman and Chief Executive Officer
    Tel: (86 595) 8677 0999
    Fax: (86 595) 8677 5388

    Ken Donenfeld
    DGI Investor Relations
    donfgroup@aol.com
    Tel: 212-425-5700
    Fax: 646-381-9727