China 3C Group (CHCG.OB) Announces Cooperation Agreement with Lotour Company to Increase Store Count
China 3C Group (CHCG.OB), a retailer and distributor of consumer and business products in China, announced that the company has entered into an agreement with the Lotour Company. Under the terms of this agreement, Lotour is to open China 3C mobile phone booths in particular Lotour stores. Chairman and CEO Zhenggang Wang commented, "This agreement opens a new chapter in our expansion of the 3C market in China. Most of our stores now are located in large department stores or large electronics retailers. The arrangement with Lotour enables us to also expand our relationships with a company that is solely…