SOURCE: China Food Services, Corp.

China Food Services, Corp.

April 26, 2011 10:27 ET

China Food Services Provides 1st Quarter 2011 Financial Results

BEIJING--(Marketwire - Apr 26, 2011) - China Food Services, Corp. (http://www.chinafoodservices.com) (PINKSHEETS: GDHI) - The Company is pleased to announce that it has posted a 400% sales increase compared from last year's 1st quarter sales report. The company also reduced its quarterly loss from $121,303USD in the 1st quarter of last year to $44,061USD this year.

"While we are disappointed that we were not able to show a profit, the results are very encouraging in term of the 2011 financial outlook, we believe that we must first have to increase sales and control costs," said Frank Yglesias GDHI's Chairman and CEO. "We are encouraged by our 1st quarterly 2011 financial report since it sets the stage for future profitability and our goal of financial independence."

For a full report, click on the link below:
http://www.otcmarkets.com/stock/GDHI/financials

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