NANFENG, China, April 23 /Xinhua-PRNewswire-FirstCall/ -- Jiangxi Taina Nanfeng Orange Co. Ltd. (OTC Bulletin Board: CHFR) ('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.
For more information, please contact:
Ms. Zou Fen
Jiangxi Taina Nanfeng Orange Co. Ltd.
Tel: +86-791-6496247
Email: sindyzou@126.com
