China Nutrifruit Group Limited, a leading producer of premium specialty fruit based products in China ("PRC"), announced that the Company entered into a supply contract (the "Contract") with Doehler Food and Beverage Ingredients (Rizhao) Co., Ltd. ("Doehler Rizhao") to supply 1,500 tons of its fruit concentrate products.
Doehler Rizhao, a subsidiary of DoehlerGroup, is a global consumer brand which offers a variety of fruit concentrate juices, including apple, pear, strawberry and kiwi juice concentrates. Pursuant to the Contract, China Nutrifruit will supply 1,500 tons of fruit concentrate products to Doehler Rizhao in January 2011 at the prevailing market price.
"Our new supply contract with Doehler Rizhao marks an important milestone for China Nutrifruit as we diversify our customer base with the addition of a global consumer brand," commented Mr. Changjun Yu, Chairman of China Nutrifruit. "Our products passed stringent testing criteria and we are currently performing the contract. We believe this demonstrates the high-quality and market acceptance of our premium specialty fruit products. We are encouraged by our co-operation with Doehler Rizhao and will continue to step up our marketing efforts to further expand our customer base. We anticipate increased sales contribution from international customers in fiscal year 2011 and are confident that our nutritious specialty products will be well received in both the domestic and international markets."