The Past, the Present and the Future
Prince of Peace® Group
1985 Prince of Peace® Enterprises, Inc. is incorporated, and Global Marketing Associates, Inc. is established
1988 The first branch office is opened in Los Angeles, California
1990 Prince Beverage International, Inc. is founded
1991 The New York branch is opened.
1993 A joint venture establishes a freeze-dried garlic factory in Tianjin, China
1994 The Prince of Peace® Hong Kong office is established
1995 The New Jamaican Gold, Inc. is founded as a coffee beverage company.
1996 Prince of Peace® Enterprises, Inc is hailed by The Examiner, a newspaper in San Francisco, as an Enterprise sans Frontières (enterprise without borders).
1998 A joint venture ginkgo extraction plant is set up in Suzhou, China.
1999 A Prince of Peace® joint venture company is established in Malaysia.
2000 Prince of Peace® Enterprises, Inc receives the People’s Choice Gold Medal Award from a US magazine.
2001 The Prince of Peace® mail order service center is set up.
2002 A buying office is established in Tianjin, China.
2004 A Prince of Peace® representative office is set up in Beijing, China, as a stepping stone into the Chinese market.
The Prince of Peace Children’s Home opens in Tianjin, China.
The Prince of Peace® Ginseng Pro-shop is accredited by the “Quality Tourism Service” of the Hong Kong Tourism Board
2005 Prince of Peace® receives an honor award at “Superbrands 2004”
Beijing Prince of Peace® Trading Co. Ltd. is set up in Beijing, the Shanghai office is also set up in Shanghai.
The Prince of Peace® Ginseng Pro-Shop is certified by the Federation of Hong Kong Industries as a Q-Mark service licensee.
Prince of Peace® (Hong Kong) Ltd. wins a
Michael Chang, the renowned tennis champion, becomes the spokesman for Prince of Peace® American ginseng products in the U.S. and Asia.
Prince of Peace® wins an Outstanding Community Service award from the Asian Women Service Center, in the USA
Prince of Peace® won a Community Hero Award from “World Journal”, USA
2006 The LA branch is relocated to its own premises in the City of Industry , with an area of 50,000 sq. ft.
The Shanghai Prince of Peace® Commerce Ltd. and the Beijing Prince of Peace® Trading Co. Ltd. (Shanghai Branch Office) are officially set up in Shanghai.
2007 Prince of Peace® Enterprises, Inc. officially becomes the Sole Distributor of the American Wisconsin Ginseng Growers Co-operative in the U.S.
Prince of Peace® China Logistics Center is set up.
2008 The Beijing Prince of Peace® Trading Co. Ltd. Guangzhou office opens its doors in Guangzhou, with plans to develop the South China market.
Prince of Peace® Shanghai office wins a 2008 Import Food Industry Gold Sales Merchant Award in Shanghai.
2009 The New York Area office is relocated to a larger facility in New Jersey, with an area of 118,000 sq. ft.
Prince of Peace (Hong Kong) Ltd. is awarded a “Caring Company” award by the Hong Kong Council of Social Service for the fourth time.
2010 Winner of U.S. Chinese Business Charity Award
The Future
As we look forward into the next few years, we expect sustained, healthy performance in the USA, but we expect a significant portion of our growth to be through developing the Pacific Asian markets. The following is an overview of what fuels our optimism.
Hong Kong
The development of Prince of Peace® in Hong Kong has been on track and has reached a stable phase of maturity in the areas of brand building, and its breadth of products, and in its channels of distribution. In recent years business opportunities in Hong Kong have been abundant. The tourism and retail businesses have flourished quickly, and the overall sales of Prince of Peace® have seen double digit growth annually. The business progress in the next few years is expected to be tremendous, since we thoroughly understand the needs of the market. Within a short time, over 20 quality brands of food products are being distributed by the Hong Kong office, which vows to push business and sales to the next higher level.
China
Prince of Peace® has already set up sales networks in Beijing and Shanghai and is actively cultivating nearby markets. The markets have matured in the past few years with networks in the following districts. In Eastern China:
Shanghai, Ningbo, Hangzhou, Wuxi, Nanjing, Suzhou, Wuhan, Chengdu, Zhengzhou, Changzhou, Nantong, Luzhou, Chongqing, Xian, Yangzhou, Wenzhou, Yiwu, and Jiaxing.
In Southern China:
Guangzhou, Shenzhen, Zhongshan, Dongguan, Fuzhou, Xiamen, Nanning, Guilin, Changsha, Foshan, Panyu, Kunming, Fujian, Jiujiang, Guizhou, Nanchang, and Ganzhou.
In Northern China:
Beijing, Tianjin, Shijiazhuang, Langfang, Zhengzhou, Handan, Jinan, Qingdao, and Dalian.
In summary, Prince of Peace® possesses professional teams with clear and precise market strategies, and provides quality service to support a well-diversified group of quality products at mass market prices. On this strong platform, we hope to open up the China market with our partners, in win-win situations, and have consumers all over the world enjoy more quality products and services.