SHENZHEN, China, April 10 /Xinhua-PRNewswire-FirstCall/ -- China Nepstar Chain Drugstore Ltd. (NYSE: NPD) ("China Nepstar" or the "Company"), the largest drugstore chain in China based on the number of directly operated stores, today announced that it has been awarded the title of "Best Drugstore Chain of 2007 in China" by China Drugstore magazine, a leading trade publication in the Drugstore industry in China.
China Drugstore magazine has more than 100,000 industry subscribers and has ranked China's drugstore chains for the past eight years. In bestowing the Best Drugstore Chain title upon China Nepstar, the magazine cited the Company's success in achieving rapid store network expansion and profit increases at the same time.
"The title awarded by China Drugstore is another testimony of our professional excellence," said Mr. Jiannong Qian, chief executive officer of Nepstar." In 2008, we plan to accelerate new store openings, seek more acquisitions, implement advanced supply-chain systems, improve employee skills and further enhance customer relations. We will continue to strengthen our brand awareness and recognition among Chinese consumers."
China Nepstar currently has outlets in 62 cities in China, with 7 million members enrolled in its Customer Loyalty Program nationwide.
At the end of 2007, the Company had store staff of 12,500 people. Nepstar store staff participate in company-wide professional training programs to enhance their skills and expertise, with pharmacists participating in 20 training sessions and ordinary floor staff participating in more than 10 training sessions per year.
In addition, the Company actively organizes and involves itself in community services and charitable activities. For example, In March 2008, it launched a charitable initiative to raise awareness of women's health issues among low-income working women residents in Guangdong Province.
About China Nepstar Chain Drugstore Ltd.
China Nepstar Chain Drugstore Ltd. (NYSE: NPD) is China's largest retail drugstore chain based on the number of directly operated stores. As of December 31, 2007, the Company had 2,002 stores across 62 cities, one headquarters distribution center and 11 regional distribution centers in China. China Nepstar uses directly operated stores, centralized procurement and a network of distribution centers to provide customers with high-quality, professional and convenient Drugstore services and a wide variety of other merchandise, including over-the-counter ("OTC") drugs, nutritional supplements, herbal products, personal care products, family care products, and convenience products including consumables. China Nepstar's strategy of centralized procurement, competitive pricing, customer loyalty programs and private label offerings has enabled it to capitalize on the robust economic growth in China and to take advantage of the demographic trend in China to achieve a strong brand and leading market position. For further information, please go to http://www.nepstar.cn .
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, and as defined in the U.S.
Private Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes," "estimates" and
similar statements. Among other things, the quotations from management in
this press release contain forward-looking statements. Such statements
involve certain risks and uncertainties that could cause actual results to
differ materially from those in the forward-looking statements. Further
information regarding these and other risks is included in the Company's
filings with the U.S. Securities and Exchange Commission, including its
registration statement on Form F-1. The Company does not undertake any
obligation to update any forward-looking statement as a result of new
information, future events or otherwise, except as required under
For more information, please contact:
Marketing and IR Director
China Nepstar Chain Drugstore Ltd.
In the United States:
The Global Consulting Group
The Global Consulting Group
|SOURCE China Nepstar Chain Drugstore Ltd.|
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