DAQING, China, Aug. 5 /PRNewswire-Asia/ -- China Nutrifruit Group Limited (NYSE Amex: CNGL) ("China Nutrifruit" or "the Company"), a leading producer of premium specialty fruit based products in China ("PRC"), today announced that the Company commenced its fiscal year 2011 production cycle on July 23, 2010.
China Nutrifruit's production season typically spans from mid July to mid November each year. The Company engages in selling, product distribution activities and research and development initiatives throughout the year to monitor market demand and changes in consumer tastes.
Mr. Changjun Yu, Chairman and CEO of China Nutrifruit commented "We are well prepared for our harvest and production season this year and expect to achieve optimum utilization levels for each of our existing production lines, including the newly upgraded concentrate juice lines. We are experiencing strong market demand for our products and are optimistic about the launch of our fruit and vegetable powder products in September 2010. Our new fruit and vegetable powder products along with our recently introduced blackcurrant and seabuckthorn concentrate juice products will positively contribute to our revenue growth and profitability in fiscal year 2011."
About China Nutrifruit Group Limited
Through its subsidiary Daqing Longheda Food Company Limited, China Nutrifruit, is engaged in developing, processing, marketing and distributing a variety of food products processed primarily from premium specialty fruits grown in Northeast China, including golden berry, crab apple, blueberry and raspberry. The Company's processing facility possesses ISO9001 and HACCP series qualifications. Currently, the Company has established an extensive nationwide sales and distribution network through 20 provinces in China. For more information, please visit http://www.chinanutrifruit.com .
Forward-Looking Statements
This press release 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 (the "Exchange Act"). Such statements include, among others, those concerning the Company's expectation regarding the market demand for fruit and vegetable powder products, the expected operation date of the new production lines, the Company's ability to develop and introduce new fruit and vegetable powder products and its impact on future revenue growth and profitability, and the Company's expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in China; any statements of belief or intention; any of the factors mentioned in the "Risk Factors" section of our filling, and other risks and uncertainties mentioned in our other reports filed with the Securities and Exchange Commission. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.
