China Food Services, Corp. Signs Broker Dealer Agreement with Heilongjiang Bai He Agricultural Productions & Equipments Co., Ltd
BEIJING, Sept. 14 /PRNewswire-FirstCall/ -- China Food Services, Corp., (Pink Sheets: GDHI) http://www.chinafoodservices.com an international food and beverage distributor specializing in the distribution of US and international food & beverage brands to the Chinese market, today announces the company has signed a broker dealer agreement with Heilongjiang Bai He Agricultural Productions & Equipments Co., Ltd. http://www.baihenongzi.com. Under this agreement the company will offer a wide range of Chinese grain products to the US, Canadian and the Latin American markets.
Mr. Frank J. Yglesias CEO stated, "We must take advantage of the global commodities markets and the global supply and demand market, to leverage our relationships to broker large quantities of grains in markets that have a shortage. Currently the Chinese Government grain exports to Russia grow by 26% this year due to the Russian drought. With our current partner, we can quickly and efficiently fill any demand in the market and create a win win situation."
About Heilongjiang Bai He Agricultural Productions & Equipments Co., Ltd
http://www.baihenongzi.com/ Was established in August 2002 with registered capital RMB 21 million. Company is a modern agricultural industrialization of grain purchase, grain internal trade and export, fertilize production and sale, agriculture research and service. Business network of grain purchase has covered all the country. We product two series of fertilize, one is "Baihe" and the other is "village yard". "Baihe" series fertilizer has been confirmed as high-class production by many departments of our country. Our company has a perfectly organization structure and excellent team. We carry out the leadership of general manager responsibility system under board of directors. We set up Grain Purchase Department, Grain Domestic Trade and Export Department, Fertilizer Production and Sale Department, Logistics Department, Finance Department, Administrative Department, Human Recourses Department, Legal Affairs department. Our staff is excellent and has skilled business. 90% of employees are with high qualifications and extensive practical experience to carry on better business.
About China Food Services, Corp.
China Food Services, Corp. owns and operates Golden Dragon Food & Beverage Import & Export Company of Hong Kong, Ltd. in central Hong Kong and Beijing Jin Long Fei International Trading Co., Ltd in China. China Food Services, Corp. has agreements with U.S. food manufacturers. GDHI acts as a buying agent for its Hong Kong subsidiary, negotiating vendor contracts and services with U.S. food and beverage industry partners. The Hong Kong Company plays a strategic role in the importation of products into the Chinese market by leveraging the Closer Economic Partnership Arrangement (CEPA) with China. Through this arrangement, Beijing Jin Long Fei International Trading Co., Ltd distributes some of the most popular U.S. food and beverage brand products directly into the hypermarkets, supermarkets and convenience stores in China. The Company is responsible for order fulfillment for its clients in China, as well as providing advertising and promotion (A&P) services for its U.S. food and beverage products.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995.
SOURCE China Food Services, Corp.
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