Welcome!

News Feed Item

Santo Mining Announces $500,000 USD Retail Order from the Duty Free Shop for Diplomatic Mission

BEIJING, CHINA -- (Marketwired) -- 10/19/16 -- Santo Mining Corporation also known as Cathay Lifestyle Co., (OTC PINK: SANP), (the "Company"), have received an order to make and design 2,000 cigar boxes for the Diplomatic Duty Free Stores in China. These cigars will be made from Costa Rican and Nicaraguan high-grade premium tobacco, with a mild strength, nutty and light cedar taste profile. The company will be designing the boxes and labels exclusively for the Diplomatic Duty Free Stores in China. We will commence shipment of the Cigars in the weeks to come to have ready for the Chinese New Year Celebration.

CMO Mr. Matthew Arnett commented: "Chinese New Year is one of our best seasons for cigar sales. Gift giving is culturally ingrained in the Chinese lifestyle; our cigars and the design will focus on this important event."

Figures from the Chinese Ministry of Commerce show that, from New Year's Eve to the sixth day of the Chinese New Year (7-13 February 2016), the total takings of retail, online sales and catering enterprises nationwide was more than Rmb754 billion over $110 billion USD, up 11.2% from previous year.

Mr. Yglesias, CEO, stated: "We are aggressively moving forward with our online cigar store for the Asian market hosted in Ulaanbaatar Mongolia. Our online store will have over 3,000 cigars for sale; we expect the online store front to be online by mid-November."

ABOUT DUTY FREE SHOP for DIPLOMATIC MISSION

Beijing Duty Free Shop for Diplomatic Missions was established in 1985. It is a specialized shopping center for diplomatic missions and their diplomatic personnel who are entitled to enjoy tax exemption treatment. The aim of the shop is to build a shopping paradise for the foreign diplomatic community in Beijing with excellent service through the efforts of our staff.
http://www.bjdfs.com
http://www.bjdfs.com/dfs/dis_list.asp?BigClassName=CIGARS

On October 11th, 2016 the company updated its shareholders with its operations and corporate update, below the company outlines the past update.

OPERATIONS UPDATE

The company has signed a strategic logistical agreement with RTNT, LLC of Mongolia. RTNT is a licensed tobacco import by the Mongolian Government; RTNT also runs and operates Habanos Wine and Cigar Lounge in the capital of Mongolia, Ulaanbaatar www.habanos.mn. Under this agreement RTNT will import and warehouse cigars and tobacco products in Mongolia for the company.

The company has also signed an Internet operations and distribution management agreement with Boundless Natural Mongolia, LLC. Under this agreement BNM will run and operate the Asian e-commerce B2C cigar site. Currently BNM and BT Solution, LLC the technology development company are 70% completed in the development and launch of Asia's largest e-commerce website of luxury cigars via its domains www.cigar.mn and www.cigars.mn. Collectively the Asian cigar market is worth over $6 Billion dollars, the key consumers in this market are China, South Korea, Japan, Taiwan, Singapore, Hong Kong and Macau.

CORPORATE UPDATE

The Board of Directors of SANP are finalizing the registration of a General Form for Registration of Securities Pursuant to Section 12(b) or (g) of the Securities Exchange Act of 1934 known as a FORM10. This corporate filling including the previous amended 10-K's and 10-Q's, are designed to once and for all clean up the companies' previous filling errors done by the company's former management and former board of directors. The Form 10 filling includes important information on the plan to distribute shares of "Golden Tobacco Co., the surviving legal entity following the majority shareholders and board of directors' vote of approval for the merger with Cubanacan Cigars S. A. also known as Cubanacan, including an overview of the business, reportable segments and historical financial results for fiscal years 2014, 2015 and the first quarter 2016 ended Oct 31, 2016. The filing will be updated with additional information in subsequent amendments in conjunction with the regular SEC review process. Post-distribution capitalization of Golden Tobacco Co., has not yet been finalized. Pro-forma financial information reflecting the company's final capital structure and capital allocation policies, among other matters, will be also included in subsequent amendments to the Form 10.

The company has moved its corporate offices to 13117 NW 107 AVE E-3 Hialeah Gardens, FL 33018 and has also changed its main corporate number to 1-888-80CIGAR. The new corporate offices provide the warehousing requirements to store over 100,000 cigars for shipping to the Asian markets.

We hope our shareholders and the market keeps on eye on SANP because we have some new and exciting things coming near term and look to keep the market fully updated with these news events. Management believes transparency is first and foremost, therefore any shareholder who has any questions; may contact management at [email protected], shareholders can also find information posted on social media sites indicated below on this press release on the contact section.

Make sure to visit and/or contact SANP online through its many media outlet:
Website: www.cathay.asia
Email: [email protected]
Facebook: http://www.facebook.com/cathaycigars
Twitter: http://www.twitter.com/cathayinvestors
http://www.scoop.it/t/cigars-by-cathaycigars

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 phenomenons.

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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
As enterprise cloud becomes the norm, businesses and government programs must address compounded regulatory compliance related to data privacy and information protection. The most recent, Controlled Unclassified Information and the EU’s GDPR have board level implications and companies still struggle with demonstrating due diligence. Developers and DevOps leaders, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by in...
In his opening keynote at 20th Cloud Expo, Michael Maximilien, Research Scientist, Architect, and Engineer at IBM, will motivate why realizing the full potential of the cloud and social data requires artificial intelligence. By mixing Cloud Foundry and the rich set of Watson services, IBM's Bluemix is the best cloud operating system for enterprises today, providing rapid development and deployment of applications that can take advantage of the rich catalog of Watson services to help drive insigh...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
SYS-CON Events announced today that WineSOFT will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Based in Seoul and Irvine, WineSOFT is an innovative software house focusing on internet infrastructure solutions. The venture started as a bootstrap start-up in 2010 by focusing on making the internet faster and more powerful. WineSOFT’s knowledge is based on the expertise of TCP/IP, VPN, SSL, peer-to-peer, mob...
SYS-CON Events announced today that EARP Integration will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. EARP Integration is a passionate software house. Since its inception in 2009 the company successfully delivers smart solutions for cities and factories that start their digital transformation. EARP provides bespoke solutions like, for example, advanced enterprise portals, business intelligence systems an...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
SYS-CON Events announced today that Carbonite will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Carbonite protects your entire IT footprint with the right level of protection for each workload, ensuring lower costs and dependable solutions with DoubleTake and Evault.
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs oft...
One of the biggest challenges with adopting a DevOps mentality is: new applications are easily adapted to cloud-native, microservice-based, or containerized architectures - they can be built for them - but old applications need complex refactoring. On the other hand, these new technologies can require relearning or adapting new, oftentimes more complex, methodologies and tools to be ready for production. In his general session at @DevOpsSummit at 20th Cloud Expo, Chris Brown, Solutions Marketi...
DevOps at Cloud Expo – being held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real r...
SYS-CON Events announced today that Cloud Academy will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud computing technologies. Ge...