Santo Mining Corp., Also Known as Cathay Lifestyle Group Announces Official Invitation From China National Tobacco to the First Annual China Cigar Event in Chengdu China
Ft. Lauderdale , November 23, 2015 (Newswire.com) - Santo Mining Corporation (OTCPINK:SANP), (the "Company"), announced that it has received an official invitation from the Deputy Director of Import and Export Department of China Tobacco Sichuan Industry Co., a Subsidiary of China National Tobacco; to attend the first Governmental China Cigar event hosted in Chengdu, China. The event will be from November 23rd to the 26th of 2015, the company will seek to strengthen its political status with China National Tobacco and explore new ventures in the cigar industry in China.
Franjose Yglesias, CEO, stated, “This event and our presence today has been years in the making, all our work has culminated in this event. We are at the right place, at the right time and with the right group.” Additionally, Matthew Arnett, CMO, stated, “During the next few days, we will be forging new alliances and developing new projects for China National Tobacco, we will be keeping everyone up to date on this event and our progress.”
About China Tobacco Sichuan Industry Co.
Sichuan Tobacco Industry Co., Ltd. manufactures cigarettes. The company was founded in 1952 and is based in Chengdu, China and it’s subsidiary, China Tobacco Sichuan Import & Export Co., Ltd. was founded in 1993. The Company's line of business includes the wholesale distribution of tobacco and its products.
About China National Tobacco Corporation
Is the Chinese state-owned manufacturer of tobacco products. It enjoys a virtual monopoly in China, which accounts for roughly 30% of the world’s total consumption of cigarettes, and is the world's largest manufacturer of tobacco products measured by revenues. CNTC is under the jurisdiction of State Tobacco Monopoly Administration (also founded in 1982); this organization is responsible for enforcing the tobacco monopoly in China. While the STMA manages the monopoly, China Tobacco is the corporate body responsible for marketing, production, distribution, and sales of tobacco products.
About SANP
Cathay Lifestyle Group Inc., we are a lifestyle brand integration, marketing, design, development, education and consultant for high value sales channel of luxury lifestyle products in the leisure and entertainment sector. We have a diverse portfolio of licensed brands as well as a wide range of product categories. Our partners include, membership clubs, golf clubs, financial services groups, nightclubs, restaurants, lounges, sports bars, KTV’s, Duty Free Stores, e-commerce channels and direct to consumers B2C across Asia. Our services embody the interests, attitudes, and opinions of an elite group of consumers that embrace a particular culture. Our Lifestyle brands seek to inspire, guide, and motivate people, with the goal of our products contributing to the definition of the consumer's way of life. We operate off the ideology that we must attract and connect people and brands to ultimately spur, set and create new social phenomenon’s.
FORWARD LOOKING STATEMENT This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
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