Pompano Beach, Sept. 30, 2013 (GLOBE NEWSWIRE) -- DSHealthcare Group, Inc. (NASDAQ:DSKX), a leading developer ofpersonal care products, today announced it has signed an agreementwith a distributor in China and will soon launch its products intothe fast-growing Chinese beauty and personal care market. TheCompany expects to begin generating revenues from sales in China inthe fourth quarter of this year.
According to Euromonitor International, total sales of beauty and personalcare products in China tripled in size from 2000 to reach anestimated $24 billion in 2010. Euromonitor projects the market willgrow to $34 billion by 2015. Analysts believe this rapid pace isdriven by China's fast growing middle class.
"We believe international expansion will be a key driver for ourrevenue growth in the future. Our products have universal appealand we are ready to meet demand in an increasing number of markets.Having started to gain traction in Brazil, we are now ready toenter China," stated DS Healthcare President and CEO DanielKhesin.
DS Healthcare currently distributes its products in over 15countries throughout Europe, Asia, the Middle East, and SouthAmerica.
About DS Healthcare Group
DS Healthcare Group Inc. leads in the development anddistribution of topical therapies for personal care, including whatmanagement believes is the world's most effective topical treatmentfor hair loss. Its products are sold through a network of salons,pharmacies, online retailers, specialty retailers and selectdepartment stores. Its brands include DS Laboratories(www.DSLaboratories.com),Sigma Skin (www.(www.SigmaSkin.com),Polaris Research Laboratories (www.PolarisResearchLabs.com)The Pure Guild (www.ThePureGuild.com) and NutraOrigin (www.NutraOrigin.com)
Except for statements of historical fact, the matters discussedin this press release are forward-looking and made pursuant to theSafe Harbor provisions of the Private Securities Litigation ReformAct of 1995. "Forward-looking statements" describe futureexpectations, plans, results, or strategies, and are generallypreceded by words such as "future," "plan" or "planned," "expects,"or "projected." These forward-looking statements reflect numerousassumptions and involve a variety of risks and uncertainties, manyof which are beyond the company's control that may cause actualresults to differ materially from stated expectations. These riskfactors include, among others, limited operating history,difficulty in developing and marketing products, intensecompetition, and additional risks factors as discussed in reportsfiled by the company with the Securities and Exchange Commission,which are available at http://www.sec.gov.
CONTACT: Contact: Laurel Moody Corporate Profile 1.646.810.0608
Source:DS Healthcare Group,Inc.