NANFENG, China, Feb. 15 /Xinhua-PRNewswire-FirstCall/-- Jiangxi Taina Nanfeng Orange Co. Ltd. (OTC Bulletin Board: CHFR) ("CHFR"), a Chinese company engaged in the planting and marketing of oranges and orange related products, announced that it has entered into an agreement with Jin-Jin Europe GMBH ("Jin-Jin"), for the importation and sale of top quality fruit in Europe. This agreement will help CHFR to broaden its business in the European market and help generate higher revenue.
Pursuant to the agreement, CHFR and Jin-Jin Europe GMBH will set up a long-term strategic partnership relationship beginning in 2007. Jin-Jin Europe GMBH, through its international channels and networks will assist CHFR in developing their overseas and European markets. Furthermore Jin-Jin has contractually committed to a minimum order of 200 tons of fruit.
"In order to enter the European markets, CHFR must insure that its products meet the minimum requirements for EUROGAP and HACCP certification in the European Union," says Mr. CHEN Quanlong, Chairman of the Board of CHFR, "Entrance into the mutual cooperation agreement with Jin-Jin Europe GMBH, indicates that we do in fact meet these high standards. Under this new agreement we will be able to broaden our overseas markets and continue to develop our product quality, and sales networks."
Jin-Jin Europe GMBH (website: http://www.jin-jin.de) is an organization engaged in the import and sales of top quality fruit from China. They work with HACCP and EUROGAP certified suppliers of fruit from around the globe. Jin-Jin supplies fruits to over half of European Union members, and has rich networks and marketing channels throughout Eastern and Western Europe.
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.
