KOWLOON, Hong Kong, Sept. 30, 2015 (GLOBE NEWSWIRE) -- Balincan USA, Inc. (OTC Pink:BCNN), which has created and operates an e-commerce platform for selling products and services to affluent female consumers in China utilizing it’s “promotion trio” of WeChat, Apps and videos on smartphones, today announced that, effective immediately, the company’s common stock will trade on the OTC Pink Marketplace under the new trading symbol BCNN following the change of its corporate name to Balincan USA, Inc.
“I am extremely pleased and excited about the considerable progress we have made this year with respect to building a powerful foundation for Balincan’s future growth,” commented Lawrence Cheung, CEO of Balincan USA. “We feel these changes more accurately reflect the vision and direction of the company and will create better transparency and understanding to our shareholders and our customers.”
About Balincan USA, Inc.
Balincan USA addresses the rapidly growing class of affluent, market aware and brand conscious Chinese females, between 35 and 60 years of age. Balincan USA has forged an alliance with the Balincan China chain of day spas/salons. Balincan China operates its own salons as well as having over 3,000 franchisee locations across China. Balincan China services approximately 10 million customers of whom about 30% frequent their salons on a regular basis. As Balincan China’s customer base fits Balincan USA’s criteria for a high net worth consumer group and because Balincan China solely operates its “brick and mortar” offline shops, Balincan USA is synergistically integrating the Balincan customer base into its robust e-commerce and O2O (“online to offline”) platform to serve Balincan China’s existing loyal customers and expand its reach into their rapidly expanding target market.
The company is headquartered Kowloon, Hong Kong with an affiliate office of Balincan China in Guangzhou, China. For more information, please visit our website at www.balincanusa.com
Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. Forward-looking statements in this press release include matters that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Balincan USA undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after the date of this communication except as required by law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this communication. All forward-looking statements are qualified in their entirety by this cautionary statement.
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Source:Balincan USA, Inc.