SOURCE: China Food Services, Corp.

China Food Services, Corp.

November 15, 2010 10:05 ET

China Food Services, Corp. Reports 3rd Quarter 2010 Attorney Letter With Respect to Current Information

BEIJING--(Marketwire - November 15, 2010) -  China Food Services, Corp. (PINKSHEETS: GDHI) today announces it has published its Attorney letter with respect to current information, per the Issuer Guidelines of the Pink OTC Market, Issuer Services. Following the typical review by the Pink OTC Market, the Company expects to get reinstated to its formal level of PS Current Information. Under PinkOTC markets guidelines, the company is required to publish quarterly updates to its disclosure statements no later than 45 days after the end of each fiscal quarter to remain as a PS "Current Information" categorized company. GDHI intends to meet these requirements, which the board of directors believes will be a positive step in establishing policies and procedures that will guide and provide a roadmap in the company's transition to an SEC fully-reporting entity on the Over-the-Counter Bulletin Board (OTCBB) in the future.

Copy of the Attorney letter can be viewed on the following link: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=39111

Mr. Frank Yglesias, CEO, stated, "The Board of Directors and its Officers believe that one of the fundamental foundations for the success of the Company is to maintain its PS Current Information Status. Our transparency and our financial goals, combined with our hard work, vendor support, shareholder confidence and the Chinese market for safe, wholesome imported US food and beverage products, will be the core foundation for the success of the Company."

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