NEW YORK, Nov. 20, 2008 (GLOBE NEWSWIRE) -- Maui General Store, Inc. (OTCBB:MAUG) announces that it has acquired the outstanding capital stock of RDX Holdings Limited. RDX Holdings is engaged in the business of managing the assets and operations of Heilongjiang Hairong Science and Technology Development Co., Ltd ("Hairong"). Hairong carries on business in three divisions, including Business Networks and Software, Financial Informational Delivery and Cultural Productions. Each of these three divisions has been growing rapidly in China.
Mr. Fu Qiang serves as Chief Executive Officer and Chief Financial Officer of Maui General Store and its subsidiaries. Mr. Fu joined Hairong in 2003 as President. Previously he accumulated management experience in the construction industry, after graduating from universities in which he received both Business Administration and Law degrees. The board of Directors of Maui General Store consists of Fu Qiang, Fu Zhiguo and Zong Guoqing.
For further information on Maui General Store, Inc., please visit our website: www.hairongtech.com.
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