DGAP-News

FAST Casualwear: Good financial position despite a challenging first quarter 2013 - Seite 3

group of companies engaged in the design, production and sale of
casualwear, consisting of footwear and apparel including accessories. It
mainly designs and produces casualwear under its own brand name 'FAST',
targeting consumers aged between 16 and 35 primarily in the lower tier
cities in China. FAST distributes its own brand products through 26
unaffiliated regional distributors, who sell the products via retail
outlets operated either by themselves or by third party sub-distributors.
Its distribution network consists of 900 retail outlets in over 100 cities
throughout China. FAST also designs and produces footwear as contract
manufacturer for international brand owners, mainly from Europe and the
U.S. FAST's operating facilities are located in the southeast of China in
Jinjiang City, Fujian Province, one of the largest footwear manufacturing
hubs in China. FAST employs around 1,000 employees.


For further information please visit www.fast-casualwear.com or contact

Kirchhoff Consult AG
Dr. Kay Baden
Tel: [phone]
E-mail: [e-mail]


Disclaimer concerning prognoses

This communication contains forward-looking statements. Forward-looking
statements are statements that are not historical facts instead they
reflect FAST Casualwear's current views and expectations and the
assumptions underlying them about future events. Forward-looking statements
are subject to many risks and uncertainties. If any of such risks and
uncertainties materialise or if the assumptions underlying any of FAST
Casualwear's forward-looking statements are proving to be incorrect, FAST
Casualwear's actual results may be materially different from those
expressed or implied by such forward-looking statements. FAST Casualwear
does not intend or assume any obligation to update these forward-looking
statements. Any forward-looking statement speaks only as of the date on
which it is made.


End of Corporate News

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Language: English
Company: FAST Casualwear AG
c/o Kirchhoff Consult AG, Herrengraben 1
20459 Hamburg
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.fast-casualwear.com
ISIN: DE000A1PHFG5
WKN: A1PHFG
Listed: Regulierter Markt in Frankfurt (Prime Standard)


End of News DGAP News-Service
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