HARBIN, China, July 27 /PRNewswire-Asia/ -- Nutrastar
International, Inc. (OTC Bulletin Board: NUIN; "Nutrastar" or the
"Company"), a leading nutraceutical company which produces and
distributes Chinese Golden Grass ("Cordyceps Militaris"), today
announced that that it signed a one year product purchase agreement
with Century Brighton Holdings Limited on June 18th, 2010, valued at approximately
RMB 10 million (US $1.47 Million).
Under the agreement, Century Brighton Holdings will sell small
packages of Golden Grass as an agent
for Nutrastar International. The initial batch of goods, purchased
by Century in July 2010, amounts to
RMB 2 Million (US $0.3 Million). The products will be distributed
by Century Brighton through its sales channels to private, high-end
entertainment and leisure establishments in Hong Kong and Beijing.
Century Brighton was founded in Hong
Kong in 2002 and mainly operates as the sales agent or
distributor for high-end ginseng, tea and wine in China and Hong
Kong. This new purchase agreement will increase Nutrastar's
geographical footprints in the Hong
Kong and Beijing market.
Furthermore, the availability of Golden
Grass in the high-end entertainment and leisure
establishments will further promote the product's brand awareness
among the middle to upper class consumers and further boost
Nutrastar's image as a leading supplier of Golden Grass to the Chinese market.
Ms. Lianyun Han, Founder and
Chief Executive Officer of Nutrastar commented, "We are very
excited to add Century Brighton to our dedicated list of purchasing
agents. We anticipate that through their vast network of
distributors and customers, we will continue to expand our sales
and geographical footprint as a leading supplier of Golden Grass to the Chinese marketplace."
About Nutrastar International, Inc.
Nutrastar International, Inc. is a China based nutraceutical company which
produces and distributes Chinese Golden Grass ("Cordyceps
Militaris"), organic and specialty food products in China. The Company's primary product is dry
engineered Chinese Golden Grass, which is one of the most highly
regarded herbal nutrients in Chinese culture. The Company believes
it is the largest manufacturer of engineered Chinese Golden Grass
in China, ranked by volume,
according to China Market Monitoring Center (CMMC), accounting for
19% market share in China. The
Company is headquartered in Harbin, capital of Heilongjiang province, with 302 employees, 21
in R&D, and 132 in sales and marketing. The products of
Nutrastar are sold throughout China via a distribution network that covers
more than 10 provinces. More information may be found at
http://www.nutrastarintl.com or e-mail: ir@nutrastarintl.com .
Safe Harbor Statement
This news release contains forward-looking statements.
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 contained in reports filed by the
Company 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 and any other cautionary statements which may
accompany the forward-looking statements. You should not place
undue reliance on these forward-looking statements, which speak
only as of the date of this press release. Other than as required
under the securities laws, the Company does not assume a duty to
update any forward-looking statements to reflect events or
circumstances after the date hereof.
For more information, please contact:
Robert Tick
CFO
Nutrastar International, Inc.
Tel: +1-408-306-9881
Email: roberttick@nutrastarintl.com
Howard Gostfrand
American Capital Ventures
Tel: +1-305-918-7000
Email: info@amcapventures.com
SOURCE Nutrastar International, Inc.