SOURCE: Quintec Corp.

February 08, 2016 09:00 ET

Quintec Shifts Business to E-Commerce; Rebrands as Love International Group Under New Ticker Symbol 'LOVV'

HONG KONG, CHINA--(Marketwired - Feb 8, 2016) - Quintec Corp. (OTCQB: QNTCD), today is pleased to announce the Company is in the process of steadily shifting its business focus from 3D printing to e-commerce concentrating resources and efforts on development in Asia Pacific. As part of the shift, the Company has been approved by FINRA for a forward stock split and a name change to -- Love International Group, Inc. ("Love International") with a new symbol "LOVV" to embraces this new era. The stock split, name and ticker symbol change are expected to be effective on or before March 4, 2016.

The Company is currently developing and launching an online, cross-border e-commerce platform to promote and market worldwide rare specialties, products from the Company's own brand "Love" and other well known branded products with highly comparable discount pricing. The business model is based on an online to offline (O2O) platform with the general flow of business to business to customer (B2B2C) operation. The Company's platform connects customers to unique and rare products from businesses all over the world via the Internet and physical stores in several major cities within Asia Pacific.

Love International plans to identify and supply best-selling and quality products from popular travel destinations through its website and stores. The Company will integrate tourism shopping procedures into its website and mobile APP where merchandise will be secured through exclusive distributorships or joint ventures with worldwide suppliers. Customers make purchases online at select touristic stores. Sales are conducted through designated marketing agents with merchandises delivered straight to the customers' home during travel.

The Company's business growth depends largely on a highly engaged customer base, which includes urban, middle to high-income individuals that enjoy travel and purchasing high quality, exclusive, specialty and/or branded products which Love International is committed to providing at affordable prices in order to steadily grow customer base, and compete effectively with other players in the e-commerce space.

As the Company gains technological and unique market presence, management plans to build a product portfolio under the brand "Love" for household supplies and health-care products at cost-competitive price points. Love International will also explore opportunities as an online discount retailer (outlet) for international branded products, targeting middle class shoppers in the Asia Pacific market.

Love International (formerly Quintec) Chairman and CEO, Mr. Yong Qiang Yang, stated, "Love International is in the final stages of preparation needed to capture and capitalize on the emerging market of e-shopping trends within the Asia Pacific region. Everything is going according to plan. We're thrilled to have made such progress including FINRA approving our name and ticker change, and look forward to achieving more milestones in the time ahead."

Forward-Looking Statements
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statement that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks the company face as described in this press release.

Contact Information

  • For more information please contact
    Kwok Yau, Ko
    Email Contact
    (852) 26977733