Peak Sport Products Co., Limited (HKG:1968) Delivers Robust 35% Yoy Order Book Growth For 2Q 2010 Sales Fair

Hong Kong, Nov 20, 2009 AEST (ABN Newswire) - Peak Sport Products Co., Limited (HKG:1968) a well-known branded sport products company in China, announced encouraging sales order results for its 2010 second quarter sales fair. The order book value grew by 35% year-on-year.

The 2010 second quarter sales fair was satisfactorily completed in Xiamen. In the sales fair, the Group launched a series of latest NBA stars' signature products and new series of soccer and tennis products. Distributors showed overwhelming responses to these new products.

The Group actively expands its nationwide distribution network and its retail outlets increased from 5,667 on 1 July 2009 to 5,954 on 30 September 2009, covering 4 municipalities, 27 provinces and autonomous regions. The Group's same store sales in the third quarter of 2009 also increased by approximately 17% when compared to the same period last year.

Peak Sport strives to expand its Peak brand internationally. Since 2006, the Group has already entered into endorsement arrangements with seven NBA players, and in September 2009 and October 2009, the Group additionally entered into endorsement arrangements with two new NBA players. They are Kevin Love from Minnesota Timberwolves and Carl Christopher Landry from Houston Rockets. The Group believes that these endorsement arrangements will enhance the professional and international images, as well as the popularity of Peak's brand.

Mr. XU Zhihua, Chief Executive Officer and Executive Director said: "We are glad to achieve the strong results of the sales fair. The Group will continue to enhance our product portfolio, strengthen our research and development and marketing capabilities, with an aim to enhance the popularity of our brand and deliver sustainable business growth."

Contact

Porda International (Finance) PR Group Keely Chan Tel: + 852 3150 6760 / 9770 2950 keely.chan@pordafinance.com.hk Kelly Fung Tel: + 852 3150 6731 / 9289 2974 kelly.fung@pordafinance.com.hk Lip Yip Tel: + 852 3150 6739 / 9497 1685 liz.yip@pordafinance.com.hk