/C O R R E C T I O N -- China Fruits Corporation/
* Reuters is not responsible for the content in this press release.
In the news release, ''Tai Na International Fruits (Beijing) Co., Ltd.
Establishes a Strategic Alliance Partnership with Hangzhou Qunfeng Fruit Chain
Management Co., Ltd.,'' issued by China Fruits Corporation
(OTC Bulletin Board: CHFR) on Aug. 29 over Xinhua PR Newswire, we are advised
by the Company that the second paragraph, first line, should read, ''On the
same day, 'Tai Na International' and 'Qunfeng' signed¡'' rather than ''On the
same day, 'Tai Na International' and 'Hunfeng' signed¡,'' as originally
issued
inadvertently. Full, correct release follows:
Tai Na International Fruits (Beijing) Co., Ltd. Establishes a Strategic
Alliance Partnership with Hangzhou Qunfeng Fruit Chain Management Co., Ltd.
BEIJING, Aug. 29 /Xinhua-PRNewswire-FirstCall/ -- On August 27, Tai Na
International Fruits (Beijing) Co., Ltd ("Tai Na International") (OTC Bulletin
Board: CHFR) and Hangzhou Qunfeng Fruit Chain Management Co., Ltd ("Qunfeng")
signed a strategic alliance framework agreement. Pursuant to the agreement,
the two parties established a strategic alliance partnership by reaching a
preliminary consent on mutual visits between high-level leaders, a
distribution alliance, a franchise store alliance, an authorized regional
agent and a reorganization of franchise stores and distribution centers. All
specific alliance contracts will be concluded consecutively before December
30,
2009. The signing of this agreement will facilitate Tai Na International in
further exploring the East China market, expanding market share of its
products, increasing brand awareness and achieving management interoperability
and complementary business practices.
On the same day, "Tai Na International" and "Qunfeng" signed the first
fruit distribution alliance contract regarding place-of-origin fruits and
local fruits, reducing Tai Na International's distribution costs.
Established in 1997 and based in Hangzhou, Zhejiang Province, Qunfeng
Fruit Chain Management Co., Ltd. is one of the leading fruit retail
enterprises in China. It is mainly engaged in the retail and wholesale of
fruits, and has three branches, one distribution center and 15 stores.
About Tai Na International
Tai Na International Fruits (Beijing) Co. Ltd. ("Tai Na International"),
located in Beijing, China, is a wholly-owned subsidiary of China Fruits Corp.
The registered capital of Tai Na International is RMB 10 million
(approximately USD 1,400,000). The company's major business is handling
famous,
special and high-quality fruits from places-of-origin at home and abroad. It
is devoted to the creation of China's fruit brand and building up China's
fruit chain stores, and boasts an enterprise integrating fruit cultivation,
processing & distribution, franchises, online, television and telephone
shopping. Through brand franchise and by adhering to the principle of "base
standardization, product standardization, sales at scale, market
internationalization and management modernization," Tai Na makes value-added
products and benefits from its brand.
China Fruits Corp. currently has 36,129,689 issued and outstanding shares
of common stock that trade on the Over-The-Counter Bulletin Board under the
symbol 'CHFR'.
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.
SOURCE China Fruits Corporation
Ms. Zhan Hong of Tai Na International Fruits (Beijing) Co. Ltd.,
+86-10-5870-0960, or goldenorange2006@yahoo.com.cn
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