China Green Material (CAGM.OB) Announces Expansion of Existing Distribution Agreement
China Green Material Technologies Inc., a leading Chinese manufacturer of starch-based biodegradable packaging products, has signed a distribution agreement with China-based QKL Stores Inc., a leading supermarket chain based in Northeast China. Per the agreement, QKL will sell 15 of China Green’s products in all QKL stores. China Green’s products are already available in 11 provinces and 23 cities in China, and the current agreement with QKL expands the company’s retail presence in a region of more than 130 million people. China Green is also taking measures to increase its production capabilities with the construction of a new facility. "We…