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Logistic specialists FPG's paper clock at 'Clock and Watch Show 'by MB

15 Sep '05
2 min read

Good quality paper products provider FP GROUP LTD (FPG) announced that it will be presenting its new product line of paper clocks at a Clock and Watch Show sponsored by Million Base ('MB'), a Hong Kong based global sourcing and marketing company.

As previously announced FPG is in the process of acquiring a majority interest in MB. MB expects gross revenue in 2005 of approximately US$4,000,000 and net income of approximately US$800,000. This will significantly increase FPG consolidated revenue and net income.

FPG and MB expect that their line of paper clocks will be well received by those attending the show. The paper clock product is not only a time piece but can be used as gift boxes for small items such as jewelry and accessories. FPG's design staff works with customers to manufacture the clocks to fit special needs such as shape and size.

FPG, Chairman and CEO Leo Wong stated that as oil prices continue to rise promotional products manufactured from paper will replace plastic items. This effort with MB reinforces the decision to join forces with them. MB's position in the industry and its huge database of importers, traders, retailers, and manufacturers worldwide will enable the company to accomplish its marketing goals.

Product developing firm MB engages in distribution, logistics, and product placement into mass retail. They hold a number of patents and sell products to importers and direct to retailers worldwide.

As a result of its relationships with various governmental agencies, public and private institutions, and private companies in China, MB plays a key role in assisting US and European companies that desire to move production or investments into China as well as helping Chinese manufacturers extends their export business into the US and Europe.

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