Rongfu Has Set Up Sales Office in Hangzhou of Zhejiang Province

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Jul 28, 2010, 07:00 ET

GUANGZHOU, China, July 28 /PRNewswire-FirstCall/ -- Rongfu Aquaculture, Inc (OTC Bulletin Board: RNFU) ("Rongfu"), a leading company in the business of cultivating, harvesting, and trading of fish in People's Republic of China, announced today the Company's newly established sales center in Hangzhou of Zhejiang province has showed fast revenue growth and good profitability. Since inception in May, the sales center has realized sales of snakehead fish and other fish of $600,000.

"We targeted Hangzhou as our first northern sales center because it is the largest fish wholesale market in China," Mr. Chen Zhisheng, the Chairman of Rongfu stated. "Having a presence there greatly enhances our brand image and gives as a strategic position that will ease the way for our entry into other markets."

"We selected Snakehead for this market, because Snakehead is a very desirable fish that is in great demand in the regions around Hangzhou," Chairman Chen continued. "At the present time, we estimate averages sales of snakehead in Hangzhou are in excess of 200,000 pounds per day. Our goal is to capture more than 1/3 of this market in the intermediate future."

"Once we are fully satisfied with the operation of the Hangzhou sales center," Chairman Chen stated, "We plan to open sales centers in Wuhan of Hubei province, and in the Wansha wholesale market near Guangzhou of Guangdong province. Our ultimate goal is to become the largest snakehead fish supplier in China."

About Rongfu Aquaculture, Inc

Founded in 2003, Rongfu Aquaculture, Inc., is headquartered in Fushan, Guangdong Province in the PRC. Through its subsidiaries and the contractual agreements, Rongfu is engaged in commercial freshwater aquaculture in the PRC. Rongfu cultivates its fish, mostly tilapia and snakehead, in fresh water, sells fish and fish fry, and also acts as a dealer of freshwater fish. Rongfu operates 13 adult fish breeding farms, three of them located in Hainan Province, and the other ten in Guangdong Province.