XI'AN, China, July 28, 2016 /PRNewswire/ -- SkyPeople Fruit
Juice, Inc. (NASDAQ: SPUN) ("SkyPeople" or "the Company"), a
producer of fruit juice concentrates, fruit juice beverages and
other fruit-related products, today announced that it has formed
SkyPeople International Trading (HK) Limited ("SIT"), a subsidiary
that has been incorporated in Hong
Kong, to operate as a global trading and marketing platform
to optimize SkyPeople's Hedetang fruit juice product portfolio and
reinforce its leading market position.
"We are very pleased about the creation of a new marketing
platform for our fruit juice division and optimistic that it will
result in meaningful penetration of the international marketplace,"
said Mr. Yongke Xue, Chief Executive
Officer of SkyPeople. "We are confident that our healthy beverage
products will find a welcome reception in many countries as they
are ideal for healthy and active lifestyles. We plan upon focusing
on high quality organic fruit juice beverages for export and
believe that our vertically integrated production capabilities will
enable us to control costs even as we produce beverage products
that are the very highest in quality."
After completion of all of the required business registration
procedures, SIT will be a wholly-owned subsidiary indirectly held
by SkyPeople, mainly to provide online sales, marketing and
post-sale services to more than 50 countries and regions worldwide
including Malaysia, Thailand, Hong
Kong and the United
States.
SIT will operate as the online marketing and sales center for
the Company, an international resources allocation center and a
risk control center of e-commerce of international trade, and will
engage in strategic planning and the development of e-commerce for
the international market.
SIT will provide comprehensive online sales and services and is
planned to be a high quality organic fruit juice beverage solution
provider with an innovative business model and the objective of
creating a market-oriented specialty international platform.
According to the resolution of the Company's Board of Directors on
July 27th, 2016, SIT will
have an Executive Director and an international trade e-commerce
center.
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:
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
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/skypeople-announces-formation-of-skypeople-international-trading-hk-limited-300305592.html
SOURCE SkyPeople Fruit Juice, Inc.