Executive Summary
PAQ International Holdings Limited, based in China, the Group is a design group and vertically integrated manufacturer of OEM and branded \softwear\ for electronic products and accessories. Founded in 1996, PAQ Manufacturing began by establishing a low cost manufacturing platform for OEM products and has since developed higher-margin, branded lifestyle products with distribution in over 25 countries. In recent years the Group has put in place its own internal product development team and has created a European distribution network. The growing maturity of its brand led to a new source of income for the Group in Q4 2006 with the receipt of licensing fee revenues. Looking forward, the Group's key objectives are to focus on building its brand in China and to establish a presence in the US in cooperation with a local partner.
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