SUIC's I.Hart Group Opens Two Monga Stores in China, Aims for 100 in a Year and Organizes Team Targets Tri-State Area for Major U.S. Expansion

Rhea-AI Summary

SUIC Worldwide Holdings (OTC:SUIC) and I.Hart Group have opened two new Monga© stores in China's Shangdong and Fujian provinces, with plans to expand to 100 stores within a year. Monga©, known for its Taiwan-style fried chicken, has already established over 95 stores across 11 countries. In the U.S., SUIC is focusing on expansion in the tri-state area of New York, New Jersey, and Connecticut, organizing distribution, OEM, and franchising teams. The company plans to set up two food processing factories in the region to support production and distribution. SUIC aims to replicate this strategy in other states, including Georgia, Texas, and the West Coast, utilizing its AI Smart programs and LED fleet for business development and food delivery.

Positive

• Rapid expansion with 2 new stores in China and plans for 100 stores within a year
• Established presence in 11 countries with over 95 stores
• Strategic U.S. expansion in the tri-state area with plans for two food processing factories
• Implementation of AI Smart programs and LED fleet for business development and delivery

Negative

• None.

SUIC recently organized the largest distribution, OEM and franchising teams for the tri-state area of New York, New Jersey, and Connecticut as part of its strategic expansion in the U.S.

NEW YORK, NY and TAIPEI, TAIWAN / ACCESSWIRE / July 31, 2024 / SUIC Worldwide Holdings Ltd. (OTC:SUIC) and its partner, I.Hart Group, celebrate the most anticipated grand openings of 2 new Monga© stores in Shangdong and Fujian provinces, China and expect to open one hundred stores within a year according to their press release on July 7. SUIC recently organized the largest distribution, OEM and franchising teams for the tri-state area of New York, New Jersey, and Connecticut as part of its strategic expansion in the U.S.

I.Hart Group's Monga© Taiwan style fried chicken has expanded its network to over 95 stores in 11 countries. Recently, the company has successfully held the grand opening of new restaurants in Fujian and Shandong, China last July 6th. Monga© offers fresh and flavorsome signature delicacies, and the Taiwan style fried chicken steak boasting distinctive layered, complex flavors made of special velvety sauces and spices that make it so good that just clinches the customers' fondness to Monga© dishes.

Guo Yujie, chairman of I.Hart Group, said: "We are deeply excited about the successful entry of Monga© chicken steak into the mainland market. The opening of these two new stores is not only an important step in realizing our internationalization strategy, but also shows our commitment to Monga© chicken steak, igniting strong confidence in brand value. We are going to open hundreds of stores in the next year, and to more than a thousand stores within two years. Our motivation and spirit not only reflect a deep understanding of market demand, but also demonstrate the group's excellent capabilities in marketing strategy and brand execution."

In the US, SUIC is making headway in the East Coast and has organized the distribution, OEM and franchising teams for the tri-state area of New York, New Jersey, and Connecticut. The tri-state teams are planning to set up two food processing factories in the tri-state area to address the requirements for production, distribution, OEM production of institutional organizations such as supermarkets, hotels, hospitals and etc.

These teams has started due diligence on developing the conversion approach for the transformation of old restaurants and setting up of new franchisees. We plan to replicate this marketing strategy to other states, including in Georgia, Texas and West Coast. SUIC and I.Hart Group will cooperate with and support each state with its unique multi-brand business model using its AI Smart programs and LED fleet that could expedite business development and food delivery.

"SUIC is the biggest investor, shareholder and major operating partner of Beneway USA. SUIC's US development strategy on OEM and franchising is advancing inclusive growth plans in the USA, which supports Beneway's global chain and franchising expansion. We are dedicating our resources and assets to strengthen the competitiveness, brand building and development of the special multi-brand business model as one of the key goals for this year, attaining more profitable business and creating prosperity for all stakeholders." said Hank Wang, CEO.

About SUIC Worldwide Holdings Ltd., USA.

SUIC Worldwide Holdings Ltd. provides research and development, venture financing for and investing in private enterprises and the public sector that develop products and services adopting core capabilities of the Internet of Things, cloud computing, mobile payment, Big Data, Blockchain, and Artificial Intelligence, to enhance and streamline existing processes, and establish new and exciting business models that will create revolutionary products and services. Shareholders of SUIC will be exposed to the diverse application of advanced services in various parts of the economy. Additionally, existing and potential customers can benefit from this company's diversified portfolio of technologies. As one of the pioneering publicly traded technology companies, SUIC will help build tech-enabled businesses of the future. To learn more, please visit www.sinounitedco.com

Forward-Looking Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology. However, not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at which such performance or results are achieved. This press release is considered considering all Company filings contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

Contact

SUIC Worldwide Holdings Ltd.
New Release Department
929-391-2550

SOURCE: SUIC Worldwide Holdings Ltd.

View the original press release on accesswire.com

FAQ

How many new Monga stores did SUIC open in China recently?

SUIC and I.Hart Group recently opened two new Monga stores in China's Shangdong and Fujian provinces.

What is SUIC's expansion target for Monga stores in the next year?

SUIC aims to open 100 Monga stores within a year, according to their press release.

In which U.S. region is SUIC focusing its initial expansion efforts?

SUIC is focusing its initial U.S. expansion efforts in the tri-state area of New York, New Jersey, and Connecticut.

What is SUIC's plan for food processing facilities in the U.S.?

SUIC plans to set up two food processing factories in the tri-state area to support production, distribution, and OEM production for various institutional organizations.