Q.E.P. Co., Inc. has gained final approval from the People’s Republic of China to establish a wholly owned subsidiary in Shanghai. Operating under the name Harmony Depot, Q.E.P. is now licensed to purchase and market a broad range of goods for distribution into the Chinese domestic and export markets.
Lewis Gould, Q.E.P.’s chairman and ceo, said,
“The approval of Harmony Depot is an important milestone in expanding our
worldwide market and is a natural extension of our Shanghai operations. We will
now be capable of further enhancing the value of services and products to our
existing customers and of being a direct player in the rapidly growing Chinese
Q.E.P. to launch Shanghai subsidiary
July 24, 2007