KBS Fashion Group Limited (NASDAQ:KBSF)
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1 Year : From Jul 2018 to Jul 2019
SHISHI, China, Sept. 14, 2018 /PRNewswire/ -- KBS Fashion Group Limited ("KBS" or the "Company") (NASDAQ: KBSF), a leading fully-integrated casual menswear company in China, announced today its wholly-owned subsidiary Anhui Kaixin ("Kaixin") won a supply agreement with Anhui Province's Taihu County Public Security Bureau for police uniforms thanks to the Company's well-recognized manufacturing capabilities and production quality. According to the term, Kaixin will supply 1,200 sets police uniforms along with accessories and valued at RMB 467,600.00 (approximately USD 68,351.00). An additional supply agreement with Traffic Police Division, a sub-unit of Taihu County Public Security Bureau is expected to be signed at the end of September.
Mr.Keyan Yan, Chief Executive Officer of the Company commented, "The collaboration with the government has introduced us to a new sale channel of uniforms including government uniforms and student uniforms. The Company will look into growing its business in this area to obtain more uniform contracts while further expanding KBS's diversified product portfolio."
About KBS Fashion Group Limited
Headquartered in Shishi, China, KBS Fashion Group Limited, through its subsidiaries, is engaged in the business of designing, manufacturing, selling and distributing its own casual menswear brand, KBS, through a network of 38 KBS branded stores (as of June 30, 2018) and over a number of multi-brand stores. To learn more about the Company, please visit its corporate website at www.kbsfashion.com.
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of KBS Fashion Group Limited, and its subsidiary companies. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
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SOURCE KBS Fashion Group Limited