Message #3 From:
Jason Date: February 19, 2008 06:36:25 AM
Incorporation of Tai Na International Fruits (Beijing) Co. Ltd. Approved
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 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: goldenorange2006@yahoo.com.cn
