SkyPeople Fruit Juice Announces NYSE Amex Listing, Common Stock Offering and Reverse Stock Split

SkyPeople Fruit Juice Announces NYSE Amex Listing, Common Stock Offering and
Reverse Stock Split

XI'AN, China, Oct. 29 /PRNewswire-Asia-FirstCall/ -- SkyPeople Fruit
Juice, Inc. (NYSE Amex: SPU) ("SkyPeople" or "the Company"), a leading
processor and manufacturer of concentrated apple, kiwifruit, pear and other
fruit juices and fruit products in the People's Republic of China, today
announced the listing of its common stock on the NYSE Amex Equities and the
pricing of a public offering by two selling stockholders of the Company's
common stock. In connection with the offering, the selling stockholders
exercised warrants to purchase an aggregate of 2.7 million shares of the
Company's common stock. The Company will receive approximately $6.9 million
in gross proceeds from the exercise of these warrants. Roth Capital Partners,
LLC acted as the lead-manager and Maxim Group LLC acted as co-manager for the
public offering.
Under terms of the agreement, the selling stockholders have granted the
underwriters a 30-day option, to purchase up to an additional 405,000 shares
of Common Stock to cover over-allotments, if any, for an additional $1.0
million in gross proceeds from the exercise of these warrants. Subject to
customary closing conditions, the public offering is scheduled to close on
November 3, 2009. The Company intends to use proceeds from this transaction
for general corporate purposes, including acquisitions and other expansions of
its current production capacity.
On October 28, 2009 SkyPeople also filed an amendment to its Articles of
Incorporation providing for a two-for-three reverse split of its common stock,
effective today, October 29, 2009. The Company's common stock, which
previously traded on the OTC Bulletin Board, will begin trading on the NYSE
Amex today, October 29, 2009, under the ticker symbol "SPU."
"Our listing on the NYSE Amex Equities marks an important achievement
among our corporate goals," said Mr. Yongke Xue, CEO of SkyPeople.
"Consistent with our growth strategy to capture additional fruit juice market
share and introduce higher margin products, we believe this infusion of cash
and our listing on the NYSE Amex will enhance our visibility among the U.S.
capital markets, as well as raise our profile with U.S. customers. We are
extremely pleased to be a part of the NYSE Amex Equities and affirm our
steadfast commitment to creating value for our shareholders."
The registration statement related to the sale of the Company's Common
Stock by two selling stockholders was declared effective by the Securities and
Exchange Commission on July 23, 2009. The offering is made only by the
prospectus relating to this offering. Before you invest, you should read the
prospectus in that registration statement and other documents the Company has
filed with the Securities and Exchange Commission for more complete
information about the Company and this offering. You may get these documents
for free by visiting EDGAR on the SEC Web site at http://www.sec.gov .
Alternatively, the Company, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling
Roth Capital Partners, LLC toll-free at 1-800-678-9147, by e-mail to
rothecm@roth.com, by fax to (949) 720-7227 or by mail to 24 Corporate Plaza
Drive, Newport Beach, CA, 92660, Attention: Equity Capital Markets.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there be any sale
of these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.
About SkyPeople Fruit Juice, Inc.
SkyPeople Fruit Juice, Inc. is a holding company for Shaanxi Tianren.
Shaanxi Tianren is a company organized according to the laws of the People's
Republic of China. SkyPeople's main products are concentrated apple,
kiwifruit, pear and other fruit juices for domestic and international
consumers. Its brand, HEDETANG, is positioned as a high quality, healthy and
nutritious juice concentrate and clear juice product used both as an
ingredient component in other products and an end-use juice concentrate
product. Shaanxi Tianren utilizes the largest kiwifruit plantation in China
and is a leading worldwide producer of concentrated kiwifruit juice. For more
information, please visit http://www.skypeoplefruitjuice.com .
Forward-Looking Statements
This press release contains certain "forward-looking statements" that
involve a number of risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and the actual results and future
events could differ materially from management's current expectations. Such
factors include, but are not limited to, the Company's ability to obtain the
necessary financing to continue and expand operations, to market its products
in new markets and to offer products at competitive pricing, to attract and
retain management, and to integrate and maintain technical information and
management information systems, political and economic factors in the People's
Republic of China, compliance requirement of laws and regulations of the PRC,
the effects of currency policies and fluctuations, general economic conditions
and other factors detailed from time to time in the Company's filings with the
United States Securities and Exchange Commission and other regulatory
authorities. The Company undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise.
For more information, please contact:

SkyPeople Fruit Juice, Inc.
Ms. Spring Liu, CFO
Tel: +1-818-390-1272
Email: springliu@skypeoplejuice.com

The Piacente Group, Inc.
Kristen McNally
Tel: +1-212-481-2050
Email: Kristen@thepiacentegroup.com

SOURCE SkyPeople Fruit Juice, Inc.

SkyPeople Fruit Juice, Inc., Ms. Spring Liu, CFO, +1-818-390-1272,
springliu@skypeoplejuice.com; The Piacente Group, Inc., Kristen McNally,
+1-212-481-2050, Kristen@thepiacentegroup.com