/C O R R E C T I O N -- China Fruits Corporation/
September 02 2008 - 5:36AM
PR Newswire (US)
In the news release, 'Tai Na International Fruits (Beijing) Co.,
Ltd. Establishes a Strategic Alliance Partnership with Hangzhou
Qunfeng Fruit Chain Management Co., Ltd.,' issued by China Fruits
Corporation (OTC:CHFR) (BULLETIN BOARD: CHFR) on Aug. 29 over
Xinhua PR Newswire, we are advised by the Company that the second
paragraph, first line, should read, 'On the same day, 'Tai Na
International' and 'Qunfeng' signed��' rather than 'On the same
day, 'Tai Na International' and 'Hunfeng' signed��,' as originally
issued inadvertently. Full, correct release follows: Tai Na
International Fruits (Beijing) Co., Ltd. Establishes a Strategic
Alliance Partnership with Hangzhou Qunfeng Fruit Chain Management
Co., Ltd. BEIJING, Aug. 29 /Xinhua-PRNewswire-FirstCall/ -- On
August 27, Tai Na International Fruits (Beijing) Co., Ltd ("Tai Na
International") (OTC Bulletin Board: CHFR) and Hangzhou Qunfeng
Fruit Chain Management Co., Ltd ("Qunfeng") signed a strategic
alliance framework agreement. Pursuant to the agreement, the two
parties established a strategic alliance partnership by reaching a
preliminary consent on mutual visits between high-level leaders, a
distribution alliance, a franchise store alliance, an authorized
regional agent and a reorganization of franchise stores and
distribution centers. All specific alliance contracts will be
concluded consecutively before December 30, 2009. The signing of
this agreement will facilitate Tai Na International in further
exploring the East China market, expanding market share of its
products, increasing brand awareness and achieving management
interoperability and complementary business practices. On the same
day, "Tai Na International" and "Qunfeng" signed the first fruit
distribution alliance contract regarding place-of-origin fruits and
local fruits, reducing Tai Na International's distribution costs.
Established in 1997 and based in Hangzhou, Zhejiang Province,
Qunfeng Fruit Chain Management Co., Ltd. is one of the leading
fruit retail enterprises in China. It is mainly engaged in the
retail and wholesale of fruits, and has three branches, one
distribution center and 15 stores. 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
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