XI'AN, China, Aug. 3, 2016 /PRNewswire/ -- SkyPeople Fruit
Juice, Inc. (NASDAQ: SPU)
("SkyPeople" or "the Company"), a producer of fruit juice
concentrates, fruit juice beverages and other fruit-related
products, today announced that Hedetang Farm Products Trading
Market (Mei County) Co., Ltd ("HDTM"), an indirectly wholly
owned subsidiary of SkyPeople, and formerly known as Mei County
kiwi fruit and fruit-related materials trading zone, today
completed all its tenant program with 25 companies to open their
offices in the market, including 12 courier service companies, 4
large logistics enterprises, 4 e-commerce enterprises, 2 packaging
enterprises and 3 plant growing enterprises, including major
companies like China Yunda Express, China STO Express, Qifeng Fruit, SF Express, Yuantong Express and
JD.COM that all expanded their
businesses at the market. At the
same time, all departments of National (Mei County) Kiwi Industrial
Park Management Committee are stationed at the industrial park.
"We are very pleased that the new trade market is now fully
occupied by an array of diverse companies that are focused on the
agricultural trade market," said Mr. Yongke
Xue, Chief Executive Officer of SkyPeople. "We believe that
the new market which will foster a high level of business activity
that will the help with the growth of the company's core business
while enabling us to leverage modern agricultural business
techniques such as e-commerce and big data. In addition to creating
a source of revenue for the company, we believe that the new trade
market will foster an awareness of ideas and creativity so as to
fully leverage the opportunities of the Mei County region and the
company's business so as to optimize our growth and
profitability."
HDTM's future revenues will come from: rents for the stores,
rents for the refrigerated storage spaces, e-commerce incubator and
personnel training fees, transaction commission fees from all the
tenants, rents for logistics center warehouses, fees for
agricultural products sorting and distribution, big data
information services fees for agricultural products, advertising in
the market and government subsidies. The multivariate revenues
sources will maximize SkyPeople's income in the agricultural
products trading sector.
HDTM has four business functions: Western agricultural products
e-commerce incubator, Western agricultural products logistics
center for e-commerce, Western agricultural products distribution
and sorting center for e-commerce, and Western agricultural
products big data center for e-commerce. National (Mei County)
Agricultural Products Wholesale Market is a new engine of modern
agriculture, a tangible platform with all elements for the modern
agricultural industry and an important objective of modern
agricultural development. The important development goals for HDTM
are to accelerate Western agricultural e-commerce in China to integrate with HDTM, to push forward
business transformation and upgrades for the Company, and to create new business in
the agriculture industry. E-commerce will help Hedetang
products expand from the domestic market to the global market which will become a new growth engine
for SkyPeople. The e-commerce incubator will play a more important
role for the e-commerce to further foster the new economic force in
the future, to create a "twin-engine" and to achieve "double goals".
About SkyPeople Fruit Juice, Inc.
SkyPeople Fruit Juice, Inc., a Florida company, through its wholly-owned
subsidiary Pacific Industry Holding Group Co., Ltd. ("Pacific"), a
Vanuatu company, and SkyPeople
Juice International Holding (HK) Ltd., a company organized under
the laws of Hong Kong Special Administrative Region of the People's Republic of China and a wholly
owned subsidiary of Pacific, holds 73.42% ownership interest in
SkyPeople Juice Group Co., Ltd. ("SkyPeople (China)") and 100% ownership interest in
SkyPeople Foods (China) Co., Ltd.
("SkyPeople Foods China"). SkyPeople (China) and ("SkyPeople Foods China"), together
with their operating subsidiaries in China, are engaged in the production and sales
of fruit juice concentrates, fruit beverages, and other fruit
related products in the PRC and overseas markets. The Company's
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
brands, "Hedetang" and "SkyPeople," which are registered trademarks
in the PRC, are positioned as high quality, healthy and nutritious
end-use juice beverages. For more information, please visit
http://www.skypeoplefruitjuice.com.
Safe Harbor Statement
Certain of the statements made in this press release are
"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended, or the
Exchange Act. Forward-looking statements include statements with
respect to our beliefs, plans, objectives, goals, expectations,
anticipations, assumptions, estimates, intentions, and future
performance, and involve known and unknown risks, uncertainties and
other factors, which may be beyond our control, and which may cause
the actual results, performance, capital, ownership or achievements
of the Company to be materially different from future results,
performance or achievements expressed or implied by such
forward-looking statements. All statements other than statements of
historical fact are statements that could be forward-looking
statements. You can identify these forward-looking statements
through our use of words such as "may," "will," "anticipate,"
"assume," "should," "indicate," "would," "believe," "contemplate,"
"expect," "estimate," "continue," "plan," "point to," "project,"
"could," "intend," "target" and other similar words and expressions
of the future.
All written or oral forward-looking statements attributable to
us are expressly qualified in their entirety by this cautionary
notice, including, without limitation, those risks and
uncertainties described in our annual report on Form 10-K for the
year ended December 31, 2014 and
otherwise in our SEC reports and filings, including the final
prospectus for our offering. Such reports are available upon
request from the Company, or from the Securities and Exchange
Commission, including through the SEC's Internet website at
http://www.sec.gov. We have no obligation and do not undertake to
update, revise or correct any of the forward-looking statements
after the date hereof, or after the respective dates on which any
such statements otherwise are made.
For more information, please contact:
COMPANY
|
Hanjun Zheng, Interim
Chief Financial Officer
|
SkyPeople Fruit
Juice, Inc.
|
Tel: China
+86-29-8837-7161
|
Email:
hanjun.zheng@skypeoplefruitjuice.com
|
Web:
http://www.skypeoplefruitjuice.com
|
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SOURCE SkyPeople Fruit Juice, Inc.