SOURCE: Ultradata Systems, Inc.

January 16, 2007 16:20 ET

Ultradata -- Name Change and Reverse Stock Split

NEW YORK, NY -- (MARKET WIRE) -- January 16, 2007 -- Ultradata Systems, Inc. (OTCBB: UDTA) (the "Company") announced today that, effective Friday, January 17, 2007, the Company will change its name to "China Huaren Organic Products, Inc." and begin trading under its new symbol (OTCBB: CHRN). In addition, the Company announced a 1:39 reverse split of its outstanding common shares and an increase in the number of authorized shares of common stock from 50,000,000 shares, par value $0.01 to 100,000,000 shares, $0.01 par value. The reverse split and the increase in authorized shares will become effective at the close of business on January 16, 2007. All three actions were approved by the Board of Directors and the majority shareholders of the Company, and disclosed in the Company's information statement previously mailed to the shareholders.

China Organic Health Products, Inc., through its 100%-owned subsidiary, Jilin Huaren Organic Health Products Co., Ltd, is engaged in the research and development, production, and sale of organic foods and healthcare products in the People's Republic of China. Jilin Huaren obtained its organic farming certificate and organic food label from the Organic Food Development Center (OFDC) of China in 2004. It markets its products through a network of 90 distributors and 140 specialty stores that provide logistical support and training to salons, supermarkets, and retail outlets.

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

Contact Information

  • Contact:
    Peter D. Zhou
    212-232-0120 x228