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.
For further information, please contact:
LixiaTu
Chief Financial Officer
T: +86 158-5972-2469
E: lingsantu@hotmail.com
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SOURCE KBS Fashion Group Limited