SkyPeople Fruit Juice Engages Distributor of Hedetang(R)-branded Fruit Juice Beverages in Beijing
January 11 2010 - 10:30AM
PR Newswire (US)
Sales to distributor expected to contribute $7.0 million in sales
in 2010 XI'AN, China, Jan. 11 /PRNewswire-Asia-FirstCall/ --
SkyPeople Fruit Juice, Inc. (NYSE Amex: SPU) ("SkyPeople" or "the
Company"), a processor and manufacturer of concentrated kiwifruit,
apple, pear and other fruit juices and fruit products in China,
today announced the engagement of a general distributor in Beijing
to focus on the sales and marketing of the Company's
Hedetang(R)-branded fruit juice beverages to food and beverage
whole-sellers and retailers in the Beijing area. On January 7,
SkyPeople Fruit engaged a well-established beverage distributor to
develop sales and brand recognition of the Company's
Hedetang(R)-branded fruit juices in the nation's capital.
Previously, the Company has primarily relied on its own sales force
to sell Hedetang(R)-branded fruit juice primarily in the greater
Xi'an area. The distributor has been appointed to sell the
Company's Hedetang(R)-branded fruit juices to major retailers such
as Wal-Mart, Jiale, Lotus and KA Supermarkets, as well as other
whole-sellers in the Beijing area. The distribution agreement with
SkyPeople includes a minimum sales commitment by the distributor on
a monthly and yearly basis. Based on such commitment, the Company
expects to generate sales of approximately US$7.0 million in 2010
under this distribution agreement. "The entry into this
distribution relationship is important to us in several aspects,"
said Mr. Yongke Xue, Chairman of SkyPeople. "First, it signals an
important adjustment of our product mix to increase the relative
percentage of sales of our Hedetang(R)-branded fruit juice
beverages as compared to that of fruit juice concentrate. We
believe there is a large domestic market potential for fruit juice
beverages because of the expanding size of the Chinese middle class
and the increasing awareness of healthy lifestyle. Further, we
believe prices of our branded fruit juice beverages are generally
less susceptible to general market conditions than those of our
fruit juice concentrate. Secondly, entering "tier one" cities in
China is a significant step for building the brand recognition of
our Hedetang(R)-branded fruit juice beverages and is consistent
with our objectives to position Hedetang(R) as high-quality
kiwifruit, mulberry, apple and pear fruit juice beverages. Third,
by entering into a distribution relationship with a
well-established distributor in Beijing, we are further expanding
our sales network. Beijing was the first on our short list of
objectives which include all of tier one cities in China; Beijing,
Shanghai and Guangzhou. Our Hedetang(R)-brand of fruit juices
beverages are gaining market interest with target customers and the
sheer size and demand of tier one cities will significantly
contribute to our top and bottom lines in 2010 and beyond.
Adjusting our product mix, building our brand recognition,
diversifying our customer base, building sales network and
expanding into untapped sales territories in China are the top
priorities of our sales and marketing efforts this year. Our goal
is to increase sales of our Hedetang(R) branded fruit juice
beverages from approximately 12% in 2008 to 50% of sales in the
next three years," Xue concluded. About SkyPeople Fruit Juice, Inc.
SkyPeople Fruit Juice, Inc. is a holding company of Shaanxi
Tianren. Shaanxi Tianren is a company organized according to the
laws of the People's Republic of China. Shaanxi Tianren's main
products are concentrated apple, kiwifruit, pear and other fruit
juices for domestic and international consumers. Its brand,
HEDETANG(R), is positioned as a high quality, healthy and
nutritious juice concentrate and clear juice product used both as
an ingredient component in other products and an end-use juice
concentrate product. Shaanxi Tianren utilizes the largest kiwifruit
plantation in China and is a leading producer of concentrated
kiwifruit juice in Asia. For more information, please visit
http://www.skypeoplefruitjuice.com/ . Forward-Looking Statements
This press release contains certain "forward-looking statements"
that involve a number of risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and the
actual results and future events could differ materially from
management's current expectations. Such factors include, but are
not limited to, the Company's ability to obtain the necessary
financing to continue and expand operations, to market its products
in new markets and to offer products at competitive pricing, to
attract and retain management, and to integrate and maintain
technical information and management information systems, political
and economic factors in the People's Republic of China, compliance
requirement of laws and regulations of the PRC, the effects of
currency policies and fluctuations, general economic conditions and
other factors detailed from time to time in the Company's filings
with the United States Securities and Exchange Commission and other
regulatory authorities. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise. For
more information, please contact: COMPANY SkyPeople Fruit Juice,
Inc. Ms. Spring Liu, CFO Tel: +1-818-390-1272 Email: Web:
http://www.skypeoplejuice.com/ INVESTOR RELATIONS John Mattio HC
International, Inc. Tel: US +1-203-616-5144 Email: Web:
http://www.hcinternational.net/ DATASOURCE: SkyPeople Fruit Juice,
Inc. CONTACT: COMPANY - SkyPeople Fruit Juice, Inc., Ms. Spring
Liu, CFO, +1- 818-390-1272, or ; INVESTOR RELATIONS - John Mattio
of HC International, Inc., US +1-203-616-5144, or Web Site:
http://www.skypeoplejuice.com/ http://www.hcinternational.net/
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