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.
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 market.”