HONG KONG, Sept. 13, 2005 (PRIMEZONE) -- FP Group, Ltd. (Pink Sheets:FPGR) ("FPG") announced that it has begun shipping products produced for one of the largest U.S. greeting card companies. FPG previously announced the greeting card company required a site visit to confirm that FPG's quality control met their standards. The quality control staff visited FPG's facility in Shenzhen, Peoples Republic of China ("PRC") in August. FPG passed the quality review with no problems. FPG President Mr. Leo Wong stated, "The quality review went as we expected. The addition of this company to our client list further establishes our credibility with U.S. companies and we will use it as a springboard to more involvement in the U.S. We anticipate orders of approximately US$6 million per year with gross profits of 30% from this client."
FPG will be able to service this client without significant capital investment and the product will continue to be manufactured at the Company's Shenzhen, PRC facility.
About FP Group, Ltd.:
FPG is a Peoples Republic of China-based company providing a full range of logistical management in the printing and packaging industry. FPG provides a one-step service including consultation, design, sourcing, printing, assembly and delivery of packaging needs. FPG's products include items for which they hold design patents in the PRC. For more information, please visit our corporate website: www.fpgroup.com.hk
FPG is continually developing new design and packaging concepts. Growth of FPG will come from additional business with its current customer base and attracting new customers as a result of the services and products they offer. FPG intends to take advantage of its market position by seeking other firms for the possibility of merger or acquisition.
Statement under the Private Securities Litigation Reform Act:
With the exception of the historical information contained in this release, statements above describing objectives or goals or our future plans are forward-looking statements and are subject to certain risks and uncertainties, including among other factors the ability of FPG to increase revenues in the future, the ability to maintain a positive cash flow, and the ability to retain existing customers and obtain new customers, its ability to create and market new packaging concepts, the printing and packaging business in general, future governmental regulation as well as other factors which could cause actual results or revenues to differ materially from those contemplated by these statements.