SOURCE: China Food Services, Corp.

China Food Services, Corp.

January 12, 2011 10:11 ET

China Food Services, Corp. Announces Letter to Our Shareholders

BEIJING--(Marketwire - January 12, 2011) -  China Food Services, Corp. (PINKSHEETS: GDHI), a food and beverage distribution services business operating in China, is pleased to announce the company CEO's letter to our shareholders

CEO Letter to our Shareholders

Dear Shareholders,

The year of the Tiger "2010" was a ferrous one as we went on the prowl to meet our 2010 Operations Goal of 1,000 Retail Stores in Beijing. I'm excited to roar "WE DID IT."

Since the beginning of our fiscal year 2010, we have expanded our Company, from an early-stage limited distribution reach, to one of the top players in US Food & Beverage distribution industry in Beijing. We are proud of our accomplishments and have numerous plans to continue to grow our Company, to bring value to our Shareholders, our Clients, our Vendors and our Employees.

Looking forward to the year of the Rabbit "2011," we will be focused on two fronts:

Our first is to maximize sales revenue from our current retail customers in Beijing. We will accomplish this by our experience in shelf management and taking a hands on approach with the independent retailers on how to efficiently cycle products and promote them to increase sales for their stores.

Our Second, will be a new business stage of the Company. We have partnered with one of the largest F&B distributors in the US, we will be offering consolidation services to 1st and 2nd tier cities in China. The USDA ATO Office has embarked on a campaign to stimulate the US economy by promoting US Food products in 2nd tier cities in China, we will be working with them to offer more than 20,000SKU's of US products to these areas. I will be personally embarking on a 15 city tour in 2011 to negotiate with local distributors and retailers, the products and services we know have to offer with our new partners. Additionally we will be rolling out a private label program for the top supermarkets chains in China.

Finally, I would like to express my gratitude to our customers for their continued loyalty and support. Further, I wish to thank our talented and dedicated employees. Our achievements on behalf of our shareholders are due to their efforts.

Very truly Yours,
Frank Yglesias
CEO/ Chairman of the Board

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