Resort Savers, Inc. (RSSV) Signs Formal LOI To Acquire Shenzhen Amuli Industrial Development Co. Ltd. Generating Over $3.6M USD in Annual Profits
Shenzhen, China (PRWEB) July 23, 2015 -- Resort Savers, Inc. (RSSV), a strategic investment and development company, announced today that has signed a Formal LOI to acquire 100% of Shenzhen Amuli Industrial Development Co. Ltd. (Amuli). Based in Shenzhen, Amuli is a large producer of the health beverage drink Kvass and generates over $3.6M USD in annual profits. Amuli is currently expanding its production facilities that are forecasted to generate an additional $16M USD in annual sales. By acquiring Amuli, RSSV will be taking a major step in consolidating and growing its asset base.
Zhou Gui Bin, President of RSSV said, “The signing of the Formal LOI to acquire Amuli puts RSSV one step closer to becoming a major player in China’s health beverage market, which is expected to reach $20 Billion USD by 2017. Amuli’s Kvass not only provides numerous health benefits, but also tastes delicious. RSSV is taking a century’s old health beverage and bringing it to the 21st Century Chinese consumers. We believe this is a winning combination.”
Zhou concluded, “RSSV’s track record proves that we have the market foresight and capital capabilities to make strategic investments across all industries. Our goal is clear: to build a large and profitable asset base for our shareholders, so we can deliver higher share valuations. The RSSV team knows how to source and identify high performing acquisitions and then close the deal. We are very excited for our success and what we plan to accomplish for the rest of 2015.”
Sources:
http://www.wantchinatimes.com
About Resort Savers, Inc. http://www.resortsaversinc.com
Resort Savers, Inc. (RSSV) is a strategic acquisition and development company focused on identifying and acquiring high demand, revenue-generating assets. RSSV is currently developing and investing in the oil and gas industry, real estate development and is set to enter the cardboard packaging industry by acquiring Kashi.
Contact: Rex Cheung 852-2531-3511
Forward-Looking Statements
Except for the historical matters contained herein, this release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts, including, without limitation, statements that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development, may be deemed to be forward-looking statements. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. These statements are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. Except as may be required under applicable law, we assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. This release should be read in conjunction with Resort Savers' Annual Report on Form 10-K and its other filings with the U.S Securities and Exchange Commission through the date of this release, which identifies important factors that could affect the forward-looking statements in this release.
Rex Cheung, Resort Savers, Inc., http://www.resortsaversinc.com, +1 (754) 800-4429, [email protected]
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