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Food & Beverage: China Nutrifruit Adds Product

August 16, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — China Nutrifruit Group Ltd. (AMEX: CNGL), a producer of specialty fruit based products in China, said it has started production of its new blackcurrant and seabuckthorn concentrate juice and glazed fruits products. China Nutrifruit said it began production of the new juice products on July 28, on schedule, after completing research and development and market research.

Company management plans to produce a limited quantity of what it said are high-margin concentrate juice products in fiscal year 2011, and plans to further expand production in fiscal year 2012.

China Nutrifruit said it also completed R&D of its new blackcurrant and seabuckthorn glazed fruit products and began production on July 28. For fiscal year 2011, the company will engage in limited production of the newly developed glazed fruit products and will ramp up production based on market feedback.

China-based China Nutrifruit Group, through its subsidiary Daqing Longheda Food Co. Ltd., is engaged in developing, processing, marketing and distributing a range of food products processed primarily from specialty fruits grown in Northeast China, including golden berry, crab apple, blueberry and raspberry. The company has established a nationwide sales and distribution network through 20 provinces in China.

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