FWK

TORONTO, June 21, 2011 /CNW/ -- TORONTO, June 21, 2011 /CNW/ - Liuyang Fireworks Limited (TSX-V: FWK) is pleased to announce today that as of May 31, 2011, the company has experienced a 22.5% growth in sales within Europe over the same period last year. Liuyang Fireworks Limited's exports to Austria, Holland and Italy contribute to 68% of total European sales. The 22.5% growth was achieved while maintaining current market shares. As a result of this development, the company's International Sales Department now expects to achieve its annual sales target for European markets earlier than initially projected. Mr. Hu, the President and CEO of Liuyang Fireworks attributed this increase to Liuyang Fireworks Limited's new marketing strategy, better product quality and enhanced customer recognition. With the recent growth, the sales team has not only maintain their existing customers a top priority and current clients continue to generate excellent sales, but also to focus on expansion to successfully win new markets share and customers, as a result to produce a thriving increase in sales. The company has been dedicated to improving both production efficiency and product quality. Liuyang Fireworks has invested in equipment, upgrading their current tools and purchasing new equipment. Additionally, much attention has been dedicated to both R&D and training, which has also had a positive impact on efficiency and quality. The advancements made by Liuyang Fireworks Limited, along with their exceptional product and superior customer relations, have earned the company excellent brand awareness within the international market. Over the past decade, Liuyang Fireworks (through Far Ocean) has accumulated impressive international sales experience and a significant roster of clientele within the European market. These factors provide the ideal foundation for Liuyang Fireworks Limited's future expansion within the international market. About Liuyang Fireworks Limited Liuyang Fireworks Limited is a leading China-based manufacturer of consumer fireworks that are distributed domestically and in more than 15 countries in North America, South America and Europe. The Company has more than 16 years of experience in the fireworks industry and is a supplier to the world's top five fireworks wholesalers and retailers. Liuyang's ISO9001-certified manufacturing facilities are located in the Liuyang area of Hunan, China where more than half of the world's fireworks are produced. The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable securities legislation. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/June2011/21/c7698.html p Jacky Longbr/ Chief Financial Officerbr/ Liuyang Fireworks Limitedbr/ Tel : 416-613-0208 ext 206br/ a href="mailto:jackylong@farocean.com"jackylong@farocean.com/a /p

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