SANP Approved Exclusive Provider of non-Cuban Cigars to All Beijing Duty Free Shop for Diplomatic Missions
December 10 2015 - 9:45AM
InvestorsHub NewsWire
FT.LAUDERDALE, FL -- December 10th, 2015 --
InvestorsHub NewsWire -- Santo Mining Corporation also known as
Cathay Lifestyle Group Inc., (OTCPINK:SANP),
(the "Company"), announced that it has been authorized as the
exclusive provider of non-Cuban cigars to all the Beijing Duty Free
Shop for Diplomatic Missions.
Mr. Li Bin Executive Deputy General Manager of Beijing Duty Free
Shop for Diplomatic Missions stated: "This is a strategic move by
DDFS to encourage our consumers to try new cigars in an effort to
educate the market for a more sustainable future where hopefully we
will see Non-Cuban cigar sales equal that of Cuban cigar sales in
the not to distant future." Mr. Li when on to say "this exclusive
deal with Cathay Lifestyle Group gives both parties the chance to
maximize each other's strength: ours being the only in China duty
free platform and theirs being the best Non-Cuban cigar
distribution in China"
CEO Franjose Yglesias commented: “This deal opens up the doors for
the company to reach the entire cigar market in China. We’ve been
focusing primarily on major cities like Beijing and Shanghai but
this contract increases our presence nationwide, immediately.
Furthermore, this relationship potentially paves the way for us to
begin selling cigars in all the duty free shops everywhere in
China. Investors can look at this agreement as a first step into a
much larger slice of the $5 billion dollar cigar market in
China.”
A diplomatic duty free shop is a shop designed for high-ranking
state officials, diplomatic agents, heads of mission, and members
of senior management and their families. Through this agreement
SANP will be the sole provider of all non-Cuban cigars placed in
these diplomatic duty free shops.
Yglesias continued: “The people frequenting these diplomatic duty
free stores are always important upper-class citizens that hold
influence in China and in many cases all over Asia and Europe.
These are the kind of people that have both the means and the
motivation to purchase our luxury cigars. I believe this agreement
represents a bold, strategic move for the company to ensure that
the first people experiencing the quality of our cigars in new
regions will be diplomats and Chinese leaders.”
Cathay plans to update our valued shareholders with pictures and
videos once the product goes live at the various diplomatic duty
free locations. Cathay also clarifies that the additional revenue
stream from the diplomatic duty free contract will be over and
above the $5M projected for 2016 as stated in an earlier press
release.
About Beijing Comprehensive Service Corporation for
Diplomatic Missions
Founded in 1984, Beijing Comprehensive Service Corporation for
Diplomatic Missions http://www.dcsc.com.cn/zh_en/index.aspx (hereinafter
referred to as CSC) is a public unit which is managed as an
enterprise and is directly under Beijing Service Bureau for
Diplomatic Missions.
Located in Jianguomen Embassy Zone, adjacent to Chang’an Avenue,
CBD and Diplomatic Residence Compound, CSC boasts an excellent
business environment and convenient transportation. CSC is a unit
providing comprehensive services to foreign embassies in China and
relevant diplomatic personnel. With a history of over 20 years, CSC
always holds the service tenet “good attitude, excellent quality
and high efficiency”, and has been making great progress in the
field of “providing services to foreign diplomatic missions and
contributing to Chinese diplomacy and socialist construction”.
About SANP
Cathay Lifestyle Group Inc., we are a lifestyle brand integration,
marketing, design, development, education and consultant for high
value sales channel of luxury lifestyle products in the leisure and
entertainment sector. We have a diverse portfolio of licensed
brands as well as a wide range of product categories. Our
partners include, membership clubs, golf clubs, financial services
groups, nightclubs, restaurants, lounges, sports bars, KTV’s, Duty
Free Stores, e-commerce channels and direct to consumers B2C across
Asia. Our services embody the interests, attitudes, and
opinions of an elite group of consumers that embrace a particular
culture. Our Lifestyle brands seek to inspire, guide, and motivate
people, with the goal of our products contributing to the
definition of the consumer's way of life. We operate off the
ideology that we must attract and connect people and brands to
ultimately spur, set and create new social phenomenon’s.
FORWARD LOOKING STATEMENT This press release
contains certain "forward-looking" statements, as defined in the
United States Private Securities Litigation Reform Act of 1995 that
involve a number of risks and uncertainties. Statements, which are
not historical facts, are forward-looking statements. The Company,
through its management, makes forward-looking public statements
concerning its expected future operations, performance and other
developments. Such forward-looking statements are necessarily
estimates reflecting the Company's best judgment based upon current
information and involve a number of risks and uncertainties, and
there can be no factors that could cause actual results to differ
materially from those estimated by the Company. They include, but
are not limited to, the Company's ability to develop operations,
the Company's ability to consummate and complete the acquisition,
the Company's access to future capital, the successful integration
of acquired companies, government regulation, managing and
maintaining growth, the effect of adverse publicity, litigation,
competition, sales and other factors that may be identified from
time to time in the Company's public announcements.
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