In Feb. 2001, Ningbo Veken Group Co., Ltd., a newly selected "2000 National Excellent Textile Enterprises", has become a key member of All Products Online Corporation¡¦s export agency team. This team provides valuable service to volume buyers who make up the auction community at http://auctions.allproducts.com : an international B2B digital marketplace for industrial buyers and suppliers of gift and houseware products.

Veken is a joint-venture company sponsored by the Ningbo Textile (Holding) Group. This group consists of more than twenty large state owned textile enterprises with investments from domestic industrial groups, investment companies and non-bank financial organizations, with total assets of over US$266 Million (1999) and 16,000 employees. The China Home Textile Association recently ranked Veken as the top textiles export agent in China.

The company¡¦s hard work and excellent reputation will be a great asset to allproducts.com and their members. Veken¡¦s reputation, professionalism and knowledge of the system regulating exports from China can ensure that members of auctions.allproducts.com receive all their gift and houseware products in a most efficient and timely manner.

As a government licensed export agency, Veken is able to arrange for shipping, bookings, preparing shipping notes, Country of Origin, cargo receipts, etc. to meet all custom clearing requirements. As well, Veken can perform Pre-final Inspections on products. This includes verifying product condition, stock quantity, packing status, etc. Then within 48 hours of completing this inspection, a detailed inspection report will be sent to the buyer for final approval.

This new alliance with the Ningbo Veken Group Co., Ltd. signifies a strategic extension of auctions.allproducts.com¡¦s commitment to service for international volume buyers interested in gift and household products manufactured in Asia.