SOURCE: China Food Services, Corp.

China Food Services, Corp.

February 15, 2011 10:23 ET

China Food Services, Corp Announces Fiscal Yearend 2010 Financial Statements, Information and Disclosure Statement for OTCMarkets and Yearend Conference Call

BEIJING--(Marketwire - February 15, 2011) - China Food Services, Corp., (PINKSHEETS: GDHI) http://www.chinafoodservices.com an U.S. owned holding company operating in China as an international food and beverage distributor specializing in the distribution of US and international food & beverage brands to the Chinese market, today announces its financial results for the fiscal year ended December 31st, 2010, OTCMarkets information and disclosure statement, including the company's yearend scheduled conference call.

Financial Highlights
For the yearend of fiscal 2010 total sales revenues increased to $225,537USD, an increase of over 825% compared to total revenues of $27,345USD for the comparable twelve month period ended December 31st, 2009. Our gross profit reached $56,384 or 250% as compared to a gross profit of $22,697USD for the comparable twelve month period ended December 31st, 2009. Our operations resulted in a net loss for fiscal 2010 of ($271,398USD), compared to a net loss of ($206,455USD) for the comparable twelve month period ended December 31st, 2009. Sales revenue increased as a reflection of a continuing improvement of the overall operations.

OTCMarket Financial, Information and Disclosure Statement Links:
Annual Yearend 2010 Financial Report
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=43950

Annual Yearend 2010 Company Information and Disclosure Statement
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=43951

Annual Yearend 2010 Shareholders Report
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=43952

Conference Call
China Food Services, Corp. Conference Call to discuss its financial results for fiscal 2010.
Date: Thursday, March 10th
Time: 4:30pm EST
Conference Call Dial-In: +1 (712) 432-0075
Participant Access Code: 775902
Playback Dial-In: +1 (712) 432-1085

Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995.

Contact Information

  • For more information, please contact
    China Food Services, Corp.
    USA Office: +1-888-889-8185
    USA Fax: +1-888-263-4332
    China Office: +86-10-87764741
    China Fax: +86-10-87764742
    Email Contact