American Lorain Corporation (NYSE Amex: ALN), an international processed snack foods, convenience foods, and frozen foods company based in Shandong Province, China, today announced that the Company has signed a sales agreement with Shandong INZONE Malls, Ltd. ("INZONE") to sell Lorain products to 19 supermarkets managed by INZONE.
According to the agreement, American Lorain will be directly supplying the INZONE supermarkets with 16 kinds of products, including lunch boxes, beans, frozen vegetables and french fries. The 19 supermarkets cover approximately 10 cities / counties within Shandong Province, including Jinan, the capital city of Shandong, as well as Taian, Laiwu, Binzhou, Dezhou, and Liaocheng.
American Lorain's Chairman and CEO, Mr. Si Chen, stated, "We are very pleased to have entered into the sales agreement with the INZONE supermarkets. This cooperation reflects our dedicated commitment to continuously expand our distribution channels and enhance the Company's brand equity. We will continue to execute on this strategy to strengthen the Company's leading position as an integrated processed foods manufacturer."