Zungui Haixi Corporation
TSX VENTURE : ZUN

Zungui Haixi Corporation

November 22, 2010 18:37 ET

Zungui Haixi Awarded "Top 100 Most Valuable Sports Brand in China"

TORONTO, ONTARIO--(Marketwire - Nov. 22, 2010) - Zungui Haixi Corporation (TSX VENTURE:ZUN) ("the Company" or "Zungui"), a China-based manufacturer of sportswear and casual footwear, announced that the Company has been awarded the "Top Most Valuable Sports Brand in China" by the China Economic Business Association, China Brands Value Institute, and Selling and Marketing Magazine. With the brand valued at RMB 2.31 billion (C$355.5 million), Zungui was ranked No. 30 out of 100 sports brands across China. The list was published in China and was awarded based on Zungui's strong brand recognition in its markets.

"This award recognizes that we have earned the trust of Chinese consumers for manufacturing a quality brand product," said Mr. Yanda Cai, Chief Executive Officer. "Building brand-awareness is part of Zungui's three-pronged growth strategy and this award demonstrates our progress in achieving brand prominence in China."

About Zungui Haixi

Zungui Haixi Corporation, through its wholly owned subsidiaries, is engaged in the manufacture and sale of athletic footwear, apparel and accessories, and also casual footwear, in the People's Republic of China. Both product lines are marketed under the ZUNGUI brand. Zungui Haixi distributes its products to consumers throughout China through an extensive network of retail outlets which exclusively carry ZUNGUI branded products. There are 62,259,500 common shares issued and outstanding. The corporate website is www.zunguihaixi.com

Caution Regarding Forward-Looking Statements

Certain statements in this press release contain forward-looking information that involve risk and uncertainties. Statements other than statements of historical fact contained in this press release may be forward-looking statements within the meaning of certain securities laws, including, without limitation, statements involving management's expectations, intentions and beliefs concerning the domestic PRC sportswear industry, the competitive landscape in this industry and the general economy, statements regarding the future financial position or results of the Company, business strategies, proposed acquisitions, growth opportunities, budgets, litigation, projected costs and plans and objectives of or involving the Company. Such statements should be considered forward-looking statements, Wherever possible, words such as "may", "would", "could", "will", "anticipate", "believe", "plan", "expect", "intend", "estimate", "aim", "endeavour", "project", "continue" and similar expressions have been used to identify forward-looking statements.

These forward-looking statements reflect management's current beliefs and business judgement with respect to future events and are based on information currently available to management. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions, and you should not place undue reliance on these forward-looking statements. Although management believes its current beliefs and assumptions are reasonable, many factors could cause Zungui's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, without limitation, those listed in the "Risk Factors" section of the Company's other filings with Canadian securities regulatory authorities at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this press release. The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. These forward-looking statements are made as of and speak as of the date of this press release and the Company does not intend to, or assume any obligation to, update or revise these forward-looking statements to reflect new information, events, results or circumstances or otherwise after the date on which such statement is made as to reflect the occurrence of unanticipated events, except as required by law, including securities laws. 

Contact Information

  • Zungui Haixi Corporation
    Ms. Shelly Gobin
    Chief Financial Officer
    647-726-0192