Message #2 From:
NewsBot Date: October 9, 2007 05:44:13 AM
Jiangxi Taina Nanfeng Orange Co. Ltd. Broadens Sales Network of Eight Areas in China, Enlarging its Sales Capacity
NANFENG, China, April 23 /Xinhua-PRNewswire-FirstCall/ -- Jiangxi Taina
Nanfeng Orange Co. Ltd. (OTC Bulletin Board: CHFR Stock Forums) ('CHFR' or 'the Company'),
a Chinese company engaged in the planting and marketing of oranges and orange
related products, announced that it has signed agreements with eight local
dealers who will distribute wine products in Yichang, Changsha, Yangzhou,
Longyan, Shishi, Zhangzhou, Shantou and Shanghai after several discussions in
Spring Sugar & Wine Commodity Exchange Fair of China in 2007. This will
strengthen its sales volume, build up its brand, and obviously bring in more
business through merging into these markets.
The Company attended this fair held in the international exhibition center
of Chongqing city on March 23, 2007. Sugar & Wine Commodity Exchange Fair of
China, as the biggest and the most famous fair in the industry in China, began
in the year of 1955. After that, every year has two, in spring and autumn.
Since the commencement of the fair, there have been a total of 75 held so far
in several different cities, such as Chengdu, Jinan, Changsha, Xi'an and
Zhengzhou, and so on. This fair has deeply influenced the industry with every
one attracting hundreds and thousands suppliers and buyers from all over the
country.
During three days' exhibition in the fair, the Company made contact with
more than 360 sellers or channel distributors. After several discussions the
Company finally chose the eight to distribute their wine products. 'It
obviously helps us to build up our brand in such areas, and occupies the
market there,' says Mr. Chen Quanlong, Chairman of the Board of CHFR, 'These
agreements will help to develop the domestic market, and to develop our sales
channel too. We will continuously strengthen our sales and marketing capacity,
and hope to meet our market ratio target this year.''
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.
