QKL Stores Inc. Provides New Store Openings Update for 2009 Fourth Quarter

USA - English

• USA - English

DAQING, China, Feb. 8 /PRNewswire-Asia/ -- QKL Stores Inc. (the "Company") (Nasdaq: QKLS), the leading regional supermarket chain in Northeast China, today announced the opening of three new supermarkets in the fourth quarter of 2009, which are the 32nd, 33rd, and 34th supermarkets opened by the Company. The stores are located in Heilongjiang and Jilin Provinces and Inner Mongolia Autonomous Region.

The Company's 32nd supermarket, located in Datong, Heilongjiang, was opened on November 7th, 2009. Datong District is rich in oil and natural gas and is surrounded by farmlands with abundant agriculture. With no competing stores in the area, the Company's modern supermarket will address the population of approximately 85,000 people. The Datong store occupies an area of 38,198 square feet and carries a wide variety of grocery, fresh food and non-food products.

The Company opened its 33rd supermarket on December 13th, 2009 in the city of Zhalaiteqi, Inner Mongolia, which has a population of approximately 40,000. As the first modern supermarket in Zhalaiteqi, the store occupies an area of 18,583 square feet and carries items across all three of the Company's core categories.

The 34th supermarket opened its doors in Nong'an County, Jilin, a city with a population of approximately one million residents. Nong'an County is one of the largest counties in China in terms grain production. The Nong'an store occupies an area of 46,698 square feet and carries a wide variety of grocery, food and non-food items.

Mr. Zhuangyi Wang, Chairman and Chief Executive Officer of QKL Stores, said, "During the fourth quarter, we successfully opened three additional supermarkets. This brings our total number of stores to 36 as of the end of 2009, comprised of 34 supermarkets/hypermarkets and 2 department stores. Our store opening schedule is proceeding at the right pace and we remain focused on establishing the proper infrastructure to build out our stores in a way that can increase efficiency and offer the greatest variety of products to our growing customer base. As part of this effort, we are in the process of completing our new distribution center in Harbin. Due to the severe winter weather in the Northeast China region, we now expect this facility to open in spring of 2010. We do not expect this slight delay to impact our store opening plan in 2010. We remain optimistic about our growth opportunities ahead and are well positioned to introduce our store concept to a broader consumer audience in 2010."

About QKL Stores Inc.:

Based in Daqing, China, QKL Stores, Inc. is a leading regional supermarket chain company operating in Northeast China. QKL Stores sells a broad selection of merchandise, including groceries, fresh food, and non-food items, through its retail supermarkets, convenience stores, and department store; the company also has its own distribution centers that service its supermarkets. For more information, please access the Company's website at: http://www.qklstoresinc.com .

Safe Harbor Statement

Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including market acceptance of the Company's services and projects and the Company's continued access to capital and other risks and uncertainties. The actual results the Company achieves may differ materially from those contemplated by any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements.

    For more information, please contact:

    QKL Stores, Inc.
    In U.S.:
     Crystal L. Chen, CFO
     Phone: +1-909-895-6516

    In China:
     Mike Y. Li, Investor Relations
     Phone: +86-459-460-7987

    ICR, Inc.
    In U.S.:
     Bill Zima
     Phone: +1-203-682-8200

    In China:
     Wei-Jung Yang
     Phone: +86-10-6599-7968

SOURCE QKL Stores Inc.