China Nutrifruit's Fruit and Vegetable Powder Facility Receives Recognition from Heilongjiang Provincial and Municipal Government
DAQING, China, Nov. 8, 2010 /PRNewswire-Asia-FirstCall/ -- 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 greeted honorable government guests including the Heilongjiang Provincial Governor, Mr. Xiankui Wang and other municipal secretaries and mayors at the Company's new fruit and vegetable powder facility in Daqing.
On November 6, 2010, joined by other municipal secretaries and mayors from Heilongjiang province, Mr. Xiankui Wang visited China Nutrifruit's fruit and vegetable powder production facility located in Daqing, Heilongjiang province. During the factory tour, Mr. Wang commented, "China Nutrifruit's management team's pioneering and innovative efforts to continue to diversify its product portfolio are commendable. We encourage other enterprises in Heilongjiang province to learn the ropes of advanced manufacturing practices, product innovation and research and development expertise using China Nutrifruit's fruit and vegetable powder business as a leading example in the agricultural processing industry."
"We are honored by the recognition received from the provincial and municipal government leaders and are thankful to them for their support and encouragement," commented Mr. Changjun Yu, Chairman of China Nutrifruit. "Our new fruit and vegetable powder business will further diversify our product offering and offers exciting growth opportunities. We are on schedule to begin production in January 2011 and anticipate this segment to drive our future revenue and net income growth."
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, blackcurrant, seabuckthorn 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 throughout 17 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 our new fruit and vegetable facility, the estimated production schedule and its anticipated impact on our business and financial performance, our expected financial performance and strategic and operational plans, our expectations regarding the market and market potential for our existing products and new products, our expectations regarding the continued growth of the specialty fruit market, 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 Annual Report on Form 10-K for the year ended March 31, 2010, 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.
Company Contact: |
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Mr. Colman Cheng, Chief Financial Officer |
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China Nutrifruit Group Limited |
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Tel:+ 852 9039 8111 |
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Email: [email protected] |
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Website: www.chinanutrifruit.com |
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Investor Relations Contact: |
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Mr. Crocker Coulson, President |
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CCG Investor Relations |
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Tel: +1-646-213-1915 (NY office) |
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Email: [email protected] |
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Website: www.ccgirasia.com |
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Elaine Ketchmere, Partner |
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Tel: +1-310-954-1345 (LA office) |
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Email: [email protected] |
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SOURCE China Nutrifruit Group Limited
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