China Health Resource Receives Letters of Intent Totaling Over $7.5 Million
SUINING, China, Oct. 26, 2011 /PRNewswire via COMTEX/ -- 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(TM) 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.
