Jiangxi Taina Nanfeng Orange Co. Ltd. Enters Into Some Sales Agreements With Domestic Companies That Will Further Develop Its Bu
March 12 2007 - 2:43PM
PR Newswire (US)
NANFENG, China, March 12 /Xinhua-PRNewswire/ -- Jiangxi Taina
Nanfeng Orange Co. Ltd. (OTC:CHFR) (BULLETIN BOARD: CHFR) ("CHFR"
or "the company"), a Chinese company engaged in the planting and
marketing of oranges and orange related products, announced that it
has entered into series of agreements with some domestic companies
recently. On January 23, the Company signed a red wine processing
agreement with the Shenzhen Loulan Red Wine Company Ltd for the
period from February 1, 2007 to February 1, 2008. The Company will
provide fruits processing to Shenzhen Loulan Red Wine Company
Limited. On February 6, the company and the Liaoning Shenyang
Yunpeng Fruits Limited signed a letter of intent for selling the
Taina-branded Nanfeng tangerine orange in 2007. The company has
recognized the Liaoning-based company as its general distributor of
the Taina-branded Nanfeng tangerine orange in the three provinces
in Northeast China. On February 8, the company signed a letter of
intent for selling the Taina-branded Nanfeng tangerine orange in
2007 with the Inner Mongolian Manchuria Menglin Fruits Limited. The
company has recognized the Manchuria- based company as its general
distributor of the Taina-branded Nanfeng tangerine orange to be
exported to Russia. "We are pleased to see these agreements will
help to develop the Northeast China market and our sales channel in
the Russian market," says Mr. Chen Quanlong, Chairman of the Board
of CHFR. "We will continue to strengthen our sales and marketing
capacity, and hope to meet our market ratio target this year."
Shenzhen Loulan Red Wine Company Ltd was established on June 2002,
and it is the subsidiary company of Xinjiang Loulan Wine Holding
(HK 8039) focused on the sales and marketing in China. Liaoning
Shenyang Yunpeng Fruits Limited is a Liaoning-based company which
deals with fruits planting, processing and trading. Inner Mongolian
Manchuria Menglin Fruits Limited is a Manchuria-based company, and
its business covers fruits processing, fruits export and import.
About Jiangxi Taina Nanfeng Orange Co. Ltd. China Fruits
Corporation, through its wholly-owned subsidiary in China, Jiangxi
Taina Nanfeng Orange Co. Ltd. (formerly Jiangxi Taina Fruits Co.,
Ltd.), is engaged in the planting and marketing of Nanfeng
tangerines; the production and sales of fruit wine and nonalcoholic
beverages; and R&D in fruit biotech and deep-processing, event
organization, management and consulting for fruit branding. The
company is located in Nanfeng county, Jiangxi province, an area
considered by many to be the orange capital of China. China Fruits
Corporation has registered capital of RMB2 million (or
USD$250,000). The company is a good model for industrialized
development of Chinese mandarin oranges. They have adopted
traditional planting methods in combination with modern nascent
technologies to build biological orchards, plant green and organic
tangerine oranges, achieve fresh storage by means of hi-tech air-
conditioned storehouses, employ hi-tech biological engineering for
deep processing (of fruit wine and beverage), biologically abstract
orange oil and essence, and to produce biological fertilizer out of
orange residues for recycled use in orchards. They have created an
entire chain of industries from their R&D, cross-breeding,
preservation, and preserved sales processing. The company is
considered by some to be one of the nation's leading enterprises
for industrialized agriculture. CHFR has developed a human-based
and system-oriented business plan. They endeavor to create national
brand recognition in China over the short-term and international
brand recognition in the future. CHFR makes it a priority to
maximize corporate profits and to bring ideal returns to their
investors. Forward-looking Statements This report contains
'forward-looking' statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other
than statements of historical facts included in this report are
forward-looking statements. Forward-looking statements involve
risks and uncertainties including, but not limited to, economic and
political factors; developments of the Chinese, European and North
American markets and changes in regulatory matters; our business
strategies and future plans of operations; the market acceptance
and amount of sales of our products and services; our historical
losses; the competitive environment within the industries in which
we compete; and our ability to raise additional capital, currently
needed for expansion. The Company cautions that forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those
indicated in the forward-looking statements due to several
important factors. DATASOURCE: China Fruits Corporation CONTACT:
Ms. Zou Fen of The Jiangxi Taina Nanfeng Orange Co. Ltd., +86
791-6496247, or mobile, +1-376-762-9576, or
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