SUINING, China, Oct. 26, 2011 /PRNewswire-Asia/ -- China Health Resource, Inc. (OTCBB: CHRI) through its subsidiaries, announced today that it has received 7 new purchasing Letters of Intent (LOI) which total over 45 million RMB (US$7.5 Million).
The purchase LOI were received at the 13th West China International Exhibition (CIE) Fair held at Chengdu, Sichuan where CHRI participated with 4,564 other companies. The Company will work expeditiously to concretize definitive agreements.
These LOI were the result of the Company's participation at the CIE Fair. CHRI, through its subsidiary, Suining Yinfa Daharian Angelica Root (DAR) Industrial Co. Ltd. (Yinfa), participated in the exhibition under the special designation of a provincial agricultural Dragonhead Enterprise. CHRI participates in this event representing the only GAP DAR under the Chuan Baizhi™ national trademark in China.
"We are pleased to be a Dragonhead Enterprise which allows recognition and access to important government officials," said Mr. Jiayin Wang, Chairman and CEO of CHRI.
At the CIE Fair, Mr. Wang presented the company's products, its special GAP DAR produce and recent development of the company to a select group of VIP's including Suining City Party Secretary Mr. Baohua Qu and the Chuanshan District Manager Mr. Linlin Zhou, provincial agricultural department officials, other Suining City government senior officials, and administrative executives and scholars of the Chengdu TCM University.
China Health Resource, Inc. engages in the development, manufacturing, processing, marketing and sale of Dahurian Angelica Root (DAR) and is the only provider of GAP quality product in the People's Republic of China under the registered Trademark Chuan Baizhi™. DAR, which is also known as "Bai Zhi" in Mandarin Chinese, is an herb that is employed as an ingredient in medicine, cosmetics and food, as well as used in TCM for the treatment of pain, swelling and pustules. The Company's DAR-related products include the Bailing Capsule, Yisheng Capsule, Kimchee-Mate and Fragrant Bag, all of which are sold through regional distributors. The Company was founded in 2001 and is based in Suining, Sichuan Province
Certain statements in this document regarding financial matters, other than historical facts, and statements of our expectations, intentions, plans and beliefs, constitute "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to certain events, risks and uncertainties that may be outside our control. The words "believe", "expect", "anticipate", "optimistic", "intend", "will", and similar expressions identify forward-looking statements. The company intends that such proclamations about future expectations, including future revenues and earnings, future business expansion plans, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results. These and other risks and uncertainties related to our business are described in greater detail in our filings with the Commission. The foregoing information should be read in conjunction with these filings. We disclaim any intention or obligation to update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made.
SOURCE China Health Resource, Inc.