Brand Marvel Worldwide Consumer Products Corporation (the "Company") (TSXV symbol: BMW.V) is pleased to provide updates in the Company in the following areas:
1. OEM Contracts
The Company wholly owned subsidiary, Beijing Marvel Cleansing Supplies Co. Ltd. ("BMC") recently signed a master OEM contract with a subsidiary company of Harbin Pharmaceutical Group Co. Ltd. for producing different types of wet wipes under their private label for two years. Harbin Pharmaceutical Group Co. Ltd. has two subsidiaries listed on the Shanghai Stock Exchange. Harbin Pharmaceutical Group Co., Ltd. integrates pharmaceutical manufacturing, trade, and scientific research as a whole, covering the seven industrial fields of antibiotics, chemical pharmaceutical preparations, non-prescription drugs and health-care products, traditional Chinese medicines, bioengineering medicines, animal vaccines and veterinary drugs, and pharmaceutical circulation. Its products are of more than 1,000 varieties, over 20 kinds of dosage formulations, and 7 major series, involving antibiotic bulk drugs and powder for injection, Chinese patent drugs, Chinese medicine powder for injection, and comprehensive preparations.
The first order with an amount of RMB805,400 (approximately C$129,903) was received and is now in production.
The Company is currently in negotiation with other companies to produce OEM wet wipe products for them. The Company expects to sign the final agreements in the next few weeks.
2. New Production Line
The new automatic production line of large size wet wipes was delivered to our new factory. These machinery and equipment were installed and has been set up for testing and fine tuning. The Company expects that this new automatic production line will be in normal production in around a week's time.
The total number of production lines is now increased to seven. As compared with the production capacity before, overall total production capacity will increase by 300% when running at full capacity.
3. Company Website
Due to the regulatory controls in China, the Company experienced delay in having its new website goes alive. The Company expects the new website will go alive in around one week's time. The website address is http://www.brandmarvel.com or http://www.beijingmarvel.com .
About Brand Marvel Worldwide Consumer Products Corporation ("BMW")
Beijing Marvel Cleansing Supplies Co. Ltd. ("BMC"), the wholly owned subsidiary of BMW, was incorporated as a wholly foreign owned enterprise in Beijing, China in 2003. The Company was the first to introduce wet wipes to the Chinese market and has traditionally manufactured and sold a family of non-woven wipe products for personal and household applications. BMC currently develops and produces non-woven wet wipes for both domestic and international markets under the brand name "Dreamboat". BMC produces unique wipe products in a range of sizes and containers and the current product line includes universal and generic wipes, sterilizing wipes, baby wipes, cleaning wipes and feminine hygiene wipes. BMC is a leading brand in China with a national distribution network of approximately 132 distributors and a portfolio of wipe products sold in approximately 22,000 retail outlets including Wal-Mart and Carrefour.
On behalf of the Board of Directors
"Liao Yongliang"
Liao Yongliang,
President and Director
Cautionary Statements
Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute forward- looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business. As a result, actual results may vary materially from those described in the forward-looking statement. Undue reliance should not be placed on forward looking statements or information. We do not expect to update forward-looking statements or information continually as conditions change, except as may be required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Brand Marvel Worldwide Consumer Products Corporation Update
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