HONG KONG, Feb. 20, 2018 (GLOBE NEWSWIRE) -- Value Exchange International, Inc. (OTCQB:VEII) (“VEII”), a retail
technology and computer systems services provider, announced today that Value Exchange Int’l (Shanghai) Limited, a wholly owned
subsidiary of VEII, (“VEII Sub”) signed a January 24, 2018 stores equipment support agreement (“Agreement”) with the largest health
care and beauty retailer (“Retailer”) in People’s Republic of China (“China”). Under the Agreement, the Retailer has contracted for
site and preventive maintenance and support for computer and point of sale systems (“Systems”) as well as new store and store
renovation install and migration services for Systems from the VEII Sub. The Agreement is non-exclusive, covers Retailer’s stores
in the northern and eastern region of China and runs through December 2019.
Gross revenue and net profit potential, if any, as well as the full extent of services by VEII Sub under the
Agreement are uncertain at this time due to lack of sufficient operational experience as a service provider under the Agreement.
The Company anticipates reporting initial financial results and projected financial results for the VEII Sub work under the
Agreement with the announcement of the quarterly consolidated financial results for VEII’s fiscal quarter ending March 31, 2018.
Actual extent of services and financial results of the services may vary from any projected or anticipated scope of services and
related financial results.
“These new services contract reflect progress in our efforts to grow VEII to the next level of development and
to establish a public company capable of enhancing shareholder value and liquidity. Our goal is to reach sustained profitability
and steady growth in core business segments through new business from new and existing customers as well as from expansion in new
markets,” said Kenneth Tan, Value Exchange’s Chief Executive Officer. “This new work, which is in part a continuation of previous
services for the same end user, attest to the value and competency of our services,” Mr. Tan added.
INVESTOR/MEDIA CONTACT: Matthew Mecke, Value Exchange IR Director ir(@)value-exch.com
