June 11, 2010 (FinancialWire) — Deer Consumer Products, Inc. (NASDAQ: DEER), a maker of home and kitchen electronics, said it has signed product supply contracts for around $12 million with global buyers for the North American and Southeast Asian markets.

The company added that it has recognized record sales and new order growth for the North American and emerging markets during the month of May.

Deer CEO Bill He said that company management sees “significantly increased” new order flow and buyer interest from the North American markets. He said that the company is also benefiting from its increased production capabilities, which he said can support around $300 million in annual revenues.

China-based Deer Consumer Products is a designer, ODM/OEM manufacturer and global marketer of small home and kitchen electric appliances. Deer's product lines include blenders, juicers, soy milk makers and a large range of other home appliances.

The company has more than 100 global clients/branded products such as Black & Decker, Ariete, Disney, Toastmaster, Magic Bullet, Back to Basics and Wal-Mart, and a China domestic market footprint.

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