Keith Holloway, Chief Executive Officer of Ecom Products Group ("EPG" or the "Company") (OTC PINK: DCOU), provided an update today on the agreement announced on November 17, 2016. EPG, along with China based FCP Investments, has agreed to acquire the following assets to enhance its Ecommerce service and partnership model and client servicing capabilities. These acquisitions will allow EPG expanded service capabilities along with a high level client access.
EPG has agreed to acquire FCP's 50% in CSM, a Hong Kong based search marketing and social media company. CSM has established affiliations with Baidu, China's largest search engine and Tencent, the owner of the WeChat platform. This will immediately give access to a high profile client base as well as direct reach into China for EPG and its US clients.
EPG has also agreed to acquire 100% of FCP's interest in International Brands Direct (IBD) which promotes international shopping destinations and target brand promotions and sales to Chinese consumers. Through this acquisition, IBD will launch its platform in the US and this will allow European brands access to the US consumer. Currently, IBD clients are some of the largest high profile shopping destinations and department stores in Europe. IBD is in discussions with a number of US shopping destinations and brands.
EPG is also under discussions to acquire FCP's interest in China Retail Services (CSR), FCP's core service operations in China. CSR has full import and trading operations as well as integrated logistics operations. More announcements will follow on CSR.
As part of this transaction, FCP's Chairman Andrew Waters will assume the Chairman of the Board role for EPG currently held by Carl Dilley. Waters will also assume the CEO role currently held by Keith Holloway. Holloway will stay as CEO of EPG's US operations. Further board appointments will come over the next few weeks to strengthen EPG's international and consumer sector experience.
Waters said, "I think EPG is now positioned to service and partner with global leading retailers and brands ?and help them reach consumers in overseas growth markets. We are also in discussion with a number of leading industry investors to raise expansion capital over the next six months in order to fast track our services and partner reach."
Holloway added, "These transactions further EPG's plan of penetration into Europe and China. FCP's established businesses in these markets are invaluable to our international strategy."
About Ecom Products Group
EPG provides consumer related ecommerce services and solutions to assist brands expand in their own market as well international markets. EPG has the ability to provide standalone marketing social sales and fulfilment ?and also invest as a partner. EPG owns its service responses and a number of social ecommerce platforms. EPG allows its service and partner clients to effectively enter new markets and search, connect, communicate and transact with consumers in growth and international markets.
For more information about Ecom Products Group, visit the website at www.ShopEPG.com
If you wish to added to EPG's mailing list, please email Keith@ShopEPG.com
