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Nutrastar Named a 'Leading Enterprise' by the Daqing City Government

2011-03-17 13:13 2495

HARBIN, China, March 17, 2011 /PRNewswire-Asia-FirstCall/ -- Nutrastar International Inc. (OTC Bulletin Board: NUIN; "Nutrastar" or the "Company"), a leading producer and supplier of premium branded Traditional Chinese Medicine ("TCM") consumer products, today announced that its variable interest entity, Daqing Shuaiyi Biotech Co., Ltd., has been named one of 12 new leading enterprises by the government of Daqing City in Heilongjiang Province. Daqing is the base of Nutrastar's production facilities in China.


To be named as a "leading enterprises" in China, companies must meet strict criteria, including strong economic returns and the ability to drive growth in a particular region. A "leading enterprise" designation also connotes a company's products' competitive advantages, technological capabilities and a strong market presence.

Ms. Lianyun Han, Chairman and CEO of Nutrastar, commented, "The designation of our company as a leading enterprise by the Daqing City government is a great honor. This recognition speaks to the size, stability, growth opportunity and competitive advantages of Nutrastar, and we hope to continue building on that foundation for many years to come."

About Nutrastar International Inc.

Nutrastar is a China based leading producer and supplier of premium branded TCM consumer products including commercially cultivated Chinese Golden Grass ("Cordyceps Militaris") and functional health beverages. Cordyceps Militaris is one of the most highly regarded herbal nutrients in TCM. The Company believes it is the largest manufacturer of bioengineered Chinese Golden Grass in China, ranked by volume, according to China Market Monitoring Center (CMMC), accounting for approximately 19% market share in China. The Company is headquartered in Harbin, capital of Heilongjiang province, with 317 employees, 21 in R&D, and 140 in sales and marketing. The products of Nutrastar are sold throughout China via a direct and distribution network that covers more than 10 provinces. More information may be found at http://www.nutrastarintl.com/ or e-mail: ir@nutrastarintl.com

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Safe Harbor Statement

This news release contains "forward-looking statements" relating to the business of Nutrastar International Inc. and its subsidiary companies.  All statements, other than statements of historical fact included herein are "forward-looking statements" including statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts.  These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions.  These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the Company with the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, the Company does not assume a duty to update any forward-looking statements to reflect events or circumstances after the date hereof.

For more information, please contact:

 

 

 

 

Robert Tick, CFO

 

 

Nutrastar International Inc.

 

 

Email: roberttick@nutrastarintl.com

 

 

 

 

Howard Gostfrand

 

 

American Capital Ventures

 

 

Tel:    +1-305-918-7000

 

 

Email: info@amcapventures.com

 

 

 
Source: Nutrastar International Inc.
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