Qkl Stores (NASDAQ:QKLS)

Daqing Qingkelong Chain Commerce & Trade Co., Ltd.became public via a reverse merger transaction with Forme Capital. Old ticker symbol FOCP.

Daqing Qingkelong Chain Commerce & Trade Co., Ltd. ("QKL") is a regional supermarket chain company in northeast China's Heilongjiang Province, (supermarkets, convenience store and department store). These stores have a total area of approximately 45,000 square meters, and an average of 2,500 square meters. The stores are known for excellent selection of fine meats and fresh produce, and the meat department generates significant profits. QKL has two distribution centers servicing the supermarkets.

QKL is the only supermarket company in northeastern China that is a licensee of the Independent Grocers Alliance, or IGA, a U.S.-based global grocery network with aggregate retail sales of more than $19.1 billion per year. As a licensee of IGA, QKL is able to engage in collective bargaining with suppliers and have access to more than 2,000 private IGA brands, including many that are exclusive IGA brands.

Source SEC form 8-K ( April 3, 2008 )
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Last updated April 14, 2009