SgreenTech Hong Kong is a marketer and distributor of entertainment, computing and communications products and has obtained the right to assemble television sets for distribution and sale. Such assembly is conducted through contract manufacturers in China. Currently, the Company plans to market and distribute television sets, including LCD television sets and monitors, across the world. The Company also anticipates that it will enter the cellular telephone and computer markets.
The Company initially plans to enter selected target markets, namely in the personal entertainment, computing and communications sectors. Specifically, the Company plans to first commence its business by targeting the marketing and sales of LCD televisions sets and monitors to second-tier cities in China, Eastern Europe, Russia, Mexico and the southwestern region of the United States. The Company’s objective is to offer each of these regions an internationally-branded, high-quality television set or monitor for at a cost-effective rate.
Based on its initial sales and marketing research and plans, the Company anticipates that its largest customers in the near term will be located in the following regions: People’s Republic of China, Russia, Saudi Arabia and the United States. Notably, the People’s Republic of China is expected to account for up to 80% of revenues in the near future, with the regions of Russia, Saudi Arabia and the United States accounting for approximately 20% of the Company’s revenues in the near term. The Company is the process of negotiating contracts with prospective strategic partners and customers in each of the initial regions noted directly above.
Over the longer term, the Company expects that growth in customers and sales of the Company’s products will significantly expand in smaller cities in the People’s Republic of China and in the regions of Africa, Eastern Europe, the Middle East and the countries comprising the former Soviet Union.
The Company’s initial products will be LCD television sets and monitors that it will possess a license to market and sell. Over time, the Company plans to expand into other areas of consumer technology, including (without limitation) the cellular telephone and personal computer markets. Currently, the Company is in the process of negotiating the licensing rights to distribution of certain personal cellular technologies as well as computer laptop workstations.
The technology distribution sector is characterized by significant competition and the growing presence of new entrants around the world. The business requires adept, skilled marketers that understand consumer preferences while also knowing how to coalesce a world-class technology marketing, sales, service and support organization.
Reverse Merger Filing
