SkyPeople currently sells Hedetang juices to more than 100 retail stores in
, Tianjian and other cities in
. Hedetang juices generated
in sales in the first nine months of 2010, representing 31% of revenues. Management projects continued sales growth for Hedetang, driven by new products and expanded distribution.
About SkyPeople Fruit Juice, Inc.
SkyPeople Fruit Juice, Inc., a
company, through its wholly-owned subsidiary Pacific Industry Holding Group Co., Ltd., a
company, holds 99.78% ownership interest in SkyPeople Juice Group Co., Ltd. ("SkyPeople (
)"). SkyPeople (
) is engaged in the production and sales of fruit juice concentrates (including fruit purees, fruit puree concentrates, and clear fruit juice concentrates), fruit beverages (including fruit juice beverages and fruit cider beverages), and other fruit related products (including primarily organic and non-organic fresh fruits, kiwifruit seeds and apple aroma) in and from the PRC. Its fruit juice concentrates are sold to domestic customers and exported directly or via distributors. Fruit juice concentrates are used as a basic ingredient component in the food industry. Its brand, Hedetang, which is a registered trademark in the PRC, is positioned as a high quality, healthy and nutritious end-use juice beverage. For more information, please visit
This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors include, but are not limited to, the Company's ability to obtain the necessary financing to continue and expand operations, to market its products in new markets and to offer products at competitive pricing, to attract and retain management, and to integrate and maintain technical information and management information systems, political and economic factors in the PRC, compliance requirement of laws and regulations of the PRC, the effects of currency policies and fluctuations, general economic conditions and other factors detailed from time to time in the Company's filings with the United States Securities and Exchange Commission and other regulatory authorities. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.