Tai Na International Fruits (Beijing) Co. Ltd. Establishes Strategic Cooperative Partnership with China National Green Food Indu
September 01 2008 - 9:30AM
PR Newswire (US)
BEIJING, Sept. 1 /Xinhua-PRNewswire-FirstCall/ -- Tai Na
International Fruits (Beijing) Co. Ltd. ("Tai Na International")
(OTC:CHFR) (BULLETIN BOARD: CHFR) and the China National Green Food
Industrial Limited Company ("Green Industry") signed a letter of
intent on strategic partnership on August 29, 2008. Pursuant to the
letter, the two parties reached a preliminary consent on issues
such as building a base for place-of-origin fruit, distribution of
the base products in Beijing, store sharing and cooperative
operation, as well as the acquisition of certain Green Industry
assets by Tai Na International. This agreement is conducive for Tai
Na International to further explore the North China market, expand
Tai Na product's market share and increase its brand awareness,
while providing a powerful guarantee for "Tai Na International"
fruits, which are "green, pollution-free, organic and healthy."
Established in 1994, China National Green Food Industrial Limited
Company is headquartered in Beijing. It is a state-owned enterprise
mainly engaged in the development of green food and related
industries and import and export of green food. It boasts the
initiator, advocator and practitioner of China Green Food Movement.
Its main businesses include production of green food, distribution
to supermarkets and imports and exports. About Tai Na International
Tai Na International Fruits (Beijing) Co. Ltd. ("Tai Na
International"), located in Beijing, China, is a wholly-owned
subsidiary of China Fruits Corp. The registered capital of Tai Na
International is RMB 10 million (approximately USD 1,400,000). The
company's major business is handling famous, special and
high-quality fruits from places-of-origin at home and abroad. It is
devoted to the creation of China's fruit brand and building up
China's fruit chain stores, and boasts an enterprise integrating
fruit cultivation, processing & distribution, franchises,
online, television and telephone shopping. Through brand franchise
and by adhering to the principle of "base standardization, product
standardization, sales at scale, market internationalization and
management modernization," Tai Na makes value-added products and
benefits from its brand. 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.
DATASOURCE: China Fruits Corporation CONTACT: Ms. Zhan Hong of Tai
Na International Fruits (Beijing) Co. Ltd., +86-10-5870-0960, or
Copyright