DAQING, China, Jan. 4, 2012 /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 Mr.
William P. Haus has resigned from
the Company's board of directors ("the board"), effective
December 29, 2011.
Mr. Haus' resignation was not due to any disagreement with the
Company on any matter relating to the Company's operations,
policies or practices. Mr. Haus previously also served as chairman
of the compensation committee of the board. The Company is actively
searching for a candidate with similar expertise and experience to
fill in the vacancy.
About China Nutrifruit Group Limited
Through its subsidiaries Daqing Longheda Food Company Limited
and Daqing Senyang Fruit and Vegetable Food Technology 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, seabuckthorn, blackcurrant and raspberry. Its
processing facility possesses ISO9001 and HACCP series
qualifications. Currently, the Company has established an extensive
nationwide sales and distribution network throughout 18 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 expected financial performance in
fiscal year 2012, new products, our new facility, technical update
and capacity expansion, and its expected impact on the Company's
business and financial performance, our expectations regarding the
market for our existing products and new products, our 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 Annual Report on Form 10-K for
the year ended March 31, 2011, 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:
Mr. Colman Cheng, Chief Financial
Officer
China Nutrifruit Group Limited
Tel: + 852 9039 8111
Email: zsj@chinanutrifruit.com
Website: www.chinanutrifruit.com
Investor Relations Contact:
Elaine Ketchmere, COO
CCG Investor Relations
Tel: +1-310-954-1345 (LA office)
Email: elaine.ketchmere@ccgir.com
Website: www.ccgirasia.com
Mr. Crocker Coulson, President
Tel: +1-646-213-1915 (NY office)
Email: crocker.coulson@ccgir.com
SOURCE China Nutrifruit Group Limited