TORONTO, Nov. 4 /CNW/ - Liuyang Fireworks Limited (TSX-V: FWK) today announced that it has received a purchase order for its products from a major U.S.-based distributor of fireworks valued at US$1.5 million. The order marks Liuyang's first for the summer 2010 season, a period that includes a number of national holidays and other festive events when fireworks are consumed.
"This initial order for the busy summer season is very encouraging, and reaffirms our belief that fireworks sales are steady even during periods of economic downturn," said Mr. Miao Hu, Liuyang's President and CEO. "Our ability to offer an assortment of bundled products that are innovative, safe and uniquely packaged was key to the sale."
Delivery of the fireworks products is expected to be completed by the end of March, 2010.
About Liuyang Fireworks Limited
Liuyang Fireworks Limited is a leading China-based manufacturer of fireworks that are distributed domestically and in more than 20 countries in the Americas, Europe, Australia, and Southeast Asia. The Company has more than 15 years experience in the fireworks industry and is a supplier to the world's top five fireworks wholesalers and retailers. Liuyang's ISO9001-certified manufacturing facilities are located in the Liuyang area of Hunan, China where more than half of the world's fireworks are produced.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable securities legislation.
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SOURCE Liuyang Fireworks Limited
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