Incorporation of Tai Na International Fruits (Beijing) Co. Ltd. Approved
January 30 2008 - 8:00AM
PR Newswire (US)
BEIJING, Jan. 30 /Xinhua-PRNewswire-FirstCall/ -- Under the concern
and direction of board chairman Chen Quanlong and through relevant
staff's efforts, incorporation of Tai Na International Fruits
(Beijing) Co. Ltd., a wholly- owned subsidiary of China Fruits
Corp. (OTC:CHFR) (BULLETIN BOARD: CHFR) , was approved on January
22, 2008. Tai Na International will mainly engage in the wholesale
of fruit products and the creation of a future sales network. From
August 2007, Tai Na International held talks with partners and
carried out fruit wholesale mainly in Beijing. Two direct supply
shops opened for business in Beijing respectively at the end of
November 2007 and in the middle ten days of January 2008. The
opening of direct supply shops, which is operated in the form of
self-operation contracting, is an important step for Tai Na
International to develop the north China market. Chen Lifang,
contractor and shop head of a direct supply shop, is confident of
her shop's future development. Tai Na International's CEO Chen
Quanlong said, "It is estimated that Tai Na International will open
100 fruit chain stores throughout China in 2008. In order to
provide people with healthy fruits and build a Chinese fruit brand,
the company will send fruits from place of origin to households
everywhere, like milk. People can also enjoy famous fruits from
place of origin domestic and abroad easily by means of online and
phone ordering, buying a fruit delivery card, or going to a direct
supply shop." With the help of Du Yingke of Tomorrow Group, Chen
Quanlong and his party (three members) made an on-the-spot
investigation on basic operations of Yumao fruit shops in Shenzhen
during the period from 21st-25th of December 2007. Through
negotiations, Tai Na International signed an intention agreement on
purchase of 12 Yumao fruit shops, which would become Tai Na's first
alliance based on asset reorganization. On January 3, 2008, it
signed a contract on fruit supply and distribution in Beijing with
Beijing Shengbaotai Fruit Co., Ltd., realizing Tai Na's first
supply alliance. Alliances are an important way and effective
measure for Tai Na International to create the best fruit brand in
China. In the future we will also set up the Asset Operation Dept.
to make the strategic goal of creating the best fruit brand in
China come true quickly by means of asset reorganization with fruit
companies in China, setting up a chain store network, and entering
into alliances with fruit shops, distributors, suppliers,
processors, and planters. Company Profile: Tai Na International
Fruits (Bei Jing) Co. Ltd. ("Tai Na International"), which is
located in Beijing, People's Republic of China, is a wholly-owned
subsidiary of China Fruits Corp. Tai Na International will be
devoted to the creation of the Tai Na brand and the development of
the fruit market. The registered capital of Tai Na International is
approximately $1,351,000, which will be invested by China Fruits
Corp. After completion of the incorporation, China Fruits Corp.
will relocate their headquarters to Beijing because it believes
this move will have a positive effect on their future development
and market development. China Fruits Corp. currently has 36,129,689
issued and outstanding shares of common stock that trade on the
Over-The-Counter Bulletin Board under the symbol "CHFR."
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. Zhan Hong Tai Na
International Fruits (Beijing) Co. Ltd. Tel: +86-794-326-6679
Email: DATASOURCE: China Fruits Corp. CONTACT: Ms. Zhan Hong of Tai
Na International Fruits (Beijing) Co. Ltd., +86-794-326-6679, or ,
for China Fruits Corp.
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