Jiangxi Taina Nanfeng Orange Co. Ltd. Announced 6,000 Tons Sales Volume and USD 3.75 Million of Processing Capacity in 2007
April 03 2007 - 10:00AM
PR Newswire (US)
NANFENG, China, April 3 /Xinhua-PRNewswire-FirstCall/ -- 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 the minimum orange sales volume will exceed 6,000
tons this year according to the agreements signed with Liaoning
Shenyang Yunpeng Fruits Limited ("Yunpeng Fruits") and Inner
Mongolian Manchuria Menglin Fruits Limited ("Menglin Fruits").
Moreover, the company will provide red wine processing for Shenzhen
Loulan Red Wine Company Limited ("Loulan Red Wine") and both sides
agreed at least RMB 30 million (or USD 3.75 million) processing
capacity. As per the terms, the company and Yunpeng Fruits signed a
sales agreement for selling the Taina-branded Nanfeng tangerine
orange in 2007, and has recognized the Liaoning-based company as
its general distributor in the three provinces in Northeast China
and the contracted volume is 3,000 tons. The company also signed
the agreement with Menglin Fruits that will deliver the products at
an 8%-off prevailing market price and the contract size is 3,000
tons a year. The annual processing capacity to be based on the
orders of the Loulan Red Wine, is a minimum yearly amount of no
less than RMB 30 million (or USD 3.75 million). The Loulan Red Wine
shall provide trademarks in three types, and the Jiangxi Taina
shall print external packing cases and provide accessories, such as
bottles, caps, plugs and labels, according to the requirements of
the Loulan Red Wine. "We will continue to strengthen our sales and
marketing capacity, and hope to meet our market ratio target this
year, that is nearly 5% of market ratio. We are pleased to see
these agreements will help to develop the Northeast China market
and our sales channel in the Russian market, also help to meet our
target," says Mr. Chen Quanlong, Chairman of the Board of CHFR.
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. 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. 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 country, 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. For
more information, please contact: Ms. Zou Fen The Jiangxi Taina
Nanfeng Orange Co. Ltd. Tel: +86-791-6496247 Email: DATASOURCE:
Jiangxi Taina Nanfeng Orange Co. Ltd. CONTACT: Ms. Zou Fen of
Jiangxi Taina Nanfeng Orange Co. Ltd., +86-791-6496247, or
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