China Nepstar Enters Into Strategic Cooperation Agreement with ATMU to Install More Than 1,000 ATMs in Nepstar Stores

Wednesday, November 4, 2009 General News
Email Print This Page Comment bookmark
Font : A-A+

SHENZHEN, China, Nov. 3 China Nepstar ChainDrugstore Ltd. (NYSE: NPD) ("China Nepstar" or the "Company"), the largestdrugstore chain in China based on the number of directly operated stores,today announced that it has entered into a strategic cooperation agreementwith ATMU (China) Technology Co., Ltd., a subsidiary of ATMU Inc., one of thelargest ATM operators in China, to install ATMs in Nepstar stores.

This cooperation will not only provide convenience to customers andgenerate rental revenue for China Nepstar, but will also help increase storetraffic and accelerate the development of electronic payment services atNepstar stores. ATMU plans to complete initially 1,000 ATM installations inChina Nepstar's existing stores by end of 2010.

ATMU Inc. is one of the largest ATM operators, ATM media service providersand ATM maintenance providers in China. ATMU Inc.'s strategic businesspartner, Postal Savings Bank of China, is the fifth largest commercial bank inChina. Established on what was the financial services network of the ChinaPost Bureau, Postal Savings Bank of China provides full commercial bankingservices to more than one billion residents in rural and urban markets acrossmainland China.

Mr. Jason Wu, Chief Operation Officer of Nepstar, commented, "We aredelighted with this new initiative. With our broad geographic coverage inChina and outstanding brand name, China Nepstar is the logical partner forATMU. This cooperation is another step towards our long term goal of bringingmaximum convenience and high quality products to our customers. We believethat the installation of these ATMs, along with other in-store serviceterminals such as the utility bill payment system, will further help increaseour store traffic and strengthen our customer relationships."

About China Nepstar Chain Drugstore Ltd.

China Nepstar Chain Drugstore Ltd. (NYSE: NPD) is China's largest retaildrugstore chain based on the number of directly operated stores. As of June30, 2009, the Company had 2,312 stores across 64 cities, one headquarterdistribution center and 12 regional distribution centers in China. ChinaNepstar uses directly operated stores, centralized procurement and a networkof distribution centers to provide its customers with high-quality,professional and convenient pharmacy services and a wide variety of othermerchandise, including OTC drugs, nutritional supplements, herbal products,personal care products, family care products, and convenience productsincluding consumables. China Nepstar's strategy of centralized procurement,competitive pricing, customer loyalty programs and private label offerings hasenabled it to capitalize on the robust economic growth in China and to takeadvantage of the demographic trend in China to achieve a strong brand andleading market position. For further information, please go to .

Safe Harbor Statement

This press release contains forward-looking statements. These statementsconstitute "forward-looking" statements within the meaning of Section 21E ofthe Securities Exchange Act of 1934, as amended, and as defined in the U.S.Private Securities Litigation Reform Act of 1995. These forward-lookingstatements can be identified by terminology such as "will," "expects,""anticipates," "future," "intends," "plans," "believes," "estimates" andsimilar statements. Among other things, the quotations from management inthis press release and the Company's strategic operational plans and businessoutlook, contain forward-looking statements. Such statements involve certainrisks and uncertainties that could cause actual results to differ materiallyfrom those in the forward-looking statements. Further information regardingthese and other risks is included in the Company's filings with the U.S.Securities and Exchange Commission, including its annual report on Form 20-F.The Company does not undertake any obligation to update any forward-lookingstatement as a result of new information, future events or otherwise, exceptas required under applicable law.For more information, please contact: In China: Lucia Qian China Nepstar Chain Drugstore Ltd. Vice President, IR Phone: +86-755-2641-4065 Email: In the United States: Dixon Chen Grayling Investor Relations Tel: +1-646-284-9403 Email: Ivette Almeida Grayling Media Relations Tel: +1-646-284-9455 Email:

SOURCE China Nepstar Chain Drugstore Ltd.

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z


News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store