HARBIN, China, Dec. 18, 2014 /PRNewswire/ -- Nutrastar International Inc. (OTCQB: NUIN; "Nutrastar" or the "Company"), a leading producer and supplier of premium branded consumer products, including commercially cultivated Cordyceps Militaris ("Cordyceps"), health beverages and organic and specialty foods, today is pleased to announced it has entered into contract with supplier Heilongjiang Bayan Su Cheng Brewing Co. Ltd. ("Bayan") to provide raw Chinese baijiu alcohol and subcontracting bottling services for the Cordyceps infused alcohols.
Bayan, along with its predecessor, Bayan Liquor Factory, have been producing a variety of Chinese alcohols since 1864. They are equipped with an estimated annual production capacity of around 60,000 tons and currently produce a variety of high end gift wine, as well as high end liquor brands, from their modern facilities located in Bayan, China.
Under the terms of the contract, Bayan will supply raw baijiu alcohol and subcontracting bottling services to cover the initial production of 10,000 100ml-sized bottles (1,000,000 ml) of the Company's new Cordyceps-infused alcohol premium consumer product. The initial contract is for one-year which begins December 5, 2014. The Company is targeting product rollout in the first half of 2015. The products are estimated to sell throughout existing distribution channels.
Ms. Lianyun Han, Nutrastar's Chief Executive Officer, commented, "Alcoholic beverages have long been seen as an attractive, and potentially large, lucrative market for our Cordyceps products. Entering into this supply contract with Bayan for raw baijiu alcohol and bottling services is a positive step forward in our long-term strategic plan to enter this market. We look forward to working with the supplier and to bringing our vision of an alcohol-based Cordyceps to fruition in the coming months."
About Nutrastar International Inc.
Nutrastar, through its VIE entities, is a China based leading producer and supplier of premium branded consumer products including commercially cultivated Cordyceps Militaris, functional health beverages as well as specialty and organic foods. Cordyceps Militaris is one of the most highly regarded herbal nutrients in Traditional Chinese Medicine. The Company is headquartered in Harbin, capital of Heilongjiang Province, with 330 employees, including 21 in R&D, and 149 in sales and marketing. The products of Nutrastar are sold throughout China via a sales and distribution network that covers more than 10 provinces. More information may be found at http://www.nutrastarintl.com/ or e-mail: [email protected]
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Safe Harbor Statement
This news release contains "forward-looking statements" relating to the business of Nutrastar International Inc., its subsidiaries and other affiliate companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including 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 forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. 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 forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. 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:
American Capital Ventures
Email: [email protected]
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SOURCE Nutrastar International Inc.