May 5, 2009 (FinancialWire) — Deer Consumer Products, Inc. (OTCBB: DCPD), a maker of home and kitchen appliances, said it has signed sales contracts totaling $3.3 million with a wholesale buyer for product sales to Wal-Mart Stores (NYSE: WMT).

The products are specialty branded juice makers for the North American markets. According to Deer, the supply contract is an initial order of a series of sales contracts that Deer anticipates reporting in the near future with various buyers.

In 2008, Deer reported $43.8 million in revenues, $3.4 million in net income and EPS (earnings per share) of $0.39 on a post share split basis.

With more than 100 global and domestic clients/branded products including Black & Decker, Ariete-Disney, Toastmaster, Magic Bullet, Back to Basics, and Wal-Mart, Deer has enjoyed rapid sales and earnings growth in the recent years.

Deer Consumer is a U.S. public company headquartered in China. The company is engaged in the design, manufacture and sale of home and kitchen electric appliances targeting the Chinese domestic consumer markets as well as customers in more than 40 countries worldwide.

Deer’s clients and branded products include Black & Decker, Ariete-Disney, Toastmaster, Magic Bullet, Back to Basics, and Wal-Mart.

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