Success Holding Group Announces Accelerating Sales, Online Distribution of Company’s ‘888’ Health Drink
TAIPEI, TAIWAN / ACCESSWIRE / June 30, 2015 / Success Holding Group International, Inc. (OTCQB: SHGT) today announced that its ‘888’ black rice-based health drink, launched in January, has to date been distributed to more than 8,000 retailers in Shanghai, compared to only 4,000 retailers in that city as of March 31.
Success Holding also said it will soon begin selling the drink online to both retailers and consumers throughout China, which should produce “significantly ramped up sales” going forward.
The only health drink in China made primarily from black rice, ‘888’ is a highly potent source of iron, vitamin E, and antioxidants.
“We are very excited by the rapid growth of this unique product,” said SHGT chairman Steve Chen. “And now, as we begin our internet marketing of ‘888’ to China’s 700 million online consumers, we fully expect sales of the drink to increase with each successive quarter.”
The success of ‘888,’ said Mr. Chen, further validates SHGT’s strategy of acquiring rapidly growing businesses producing products and services proven to promote health and well-being.
Mr. Chen said Success Holding is currently endeavoring to distribute the drink in other markets, including the U.S., Japan and Germany, and hoped to issue news on these efforts later this year.
About Success Holding Group International, Inc.
Success Holding Group International, Inc. is among Asia’s leading providers of self-improvement products and programs. Led by China’s foremost motivational speaker, Steve Chen, SHGT comprises three subsidiaries: a business offering personal improvement seminars and related products featuring Mr. Chen, an entity producing and distributing inspirational short films and other content for online and TV audiences worldwide, and a division marketing China’s first health drink made from black rice.
In its first nine months of operations as a public company, ended March 31, 2015, SHGT had revenues of $24.7 million and earnings of $3.7 million.
Going forward, Success Holding will continue its drive to acquire expanding, high-margin businesses providing products and services serving the physical, spiritual and emotional well-being of diverse consumers across China and around the globe. The company intends to integrate these businesses under the same logo and spokesperson, thus maximizing their brand value.
More information about the company is available at www.successholding.com.
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 it 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.
Success Holdings Group International, Inc.
Brian Kistler, President and CFO
SOURCE: Success Holdings Group International, Inc.