Yes, check NSAV's press releases to learn about TruSaf. It is supposed to be a software product that provides security to blockchain activities. This is definitely a wait and see situation.
I've seen what whale hits can do to $CHIF. I rode the last wave a few years ago. This is a very clean shell with a very attractive share structure. Did someone say TRU-SAF? Looks like something I should be looking into.
Not according to the last quarterly report. Next one is due any day now. Directors are listed.
5000 on the ask, sheesh..
CHIF#$$: Hey Bulba, the share count has always been low. If Tru-Saf is Actually Proven to be Real , this could prove to be a Win Win for Both NSAV and CHIF in a Reverse Merger.
CHIF#$$: Hey Bulba, Wong and Danny Lau are long gone from NSAV. JT is still there.
It should be obvious that JT has outdone himself by doing absolutely nothing with CHIF that he said he would do.
Same with NSAV, which was another of his companies.
JT is long gone from NSAV, and the companies now involved in NSAV (Wong, et all) are now sniffing around CHIF.
Now, there is talk at NSAV of reverse merging their TRUsaf product/company into CHIF.
If the reverse merger is pulled off, NSAV shareholders would get some CHIF stock as a 'dividend'. Silverbear is experienced in things like reverse mergers, so I would not bet against it just yet.
I bought a small stake in CHIF just to watch how it proceeds.
Anyone interested in the above should check out NSAV's twitter feed. They have not definitely stated CHIF is the target, but it is mentioned multiple times.
I've had NSAV since 2017, and it made me financially independent. Not because of JT, but because of who runs it now.
CHINA FOOD AND BEVERAGE COMPANY
2374 Route 390, P.O. Box 609
Mountainhome, PA 18342
RE: Shell Status
Attention: OTC Markets Group Inc.
Dear Issuer Services,
This letter is in regard to the change in shell status for China Food and Beverage
Company., (the “Company”).
1) The Company previously self-identified itself as a shell company in
accordance with Securities Act Rule 405 and Exchange Act Rule 12b-2.
2) The Company is now changing its status to no longer being identified as a
3) The effective date of the change is December 31, 2022.
4) The Company believes that, as of December 31, 2022, it no longer meets
the definition of a shell company as defined by Securities Act Rule 405 for
the following reasons:
a) On May 16, 2021, the Company signed a Letter of Intent (LOI) to acquire
80% of the shares of Moshn Life Tech Incorporated, a Canada corporation.
Moshn Life Tech is an on-demand streaming fitness platform. The
proposed purchase price is 8 million shares of the Company’s common
stock, plus $50,000.00 in cash. The delay in the signing of the Definitive
Acquisition Agreement and closing of the transaction was due to a
substantial tax liability that the sellers of Moshn would incur in Canada by
virtue of accepting shares in a U.S. public company. NSAV has recently
been informed that the Canadian tax matter has been resolved successfully,
therefore allowing the transaction to proceed.
b) The Company’s vision is the establishment of a fully integrated technology
company, which provides turnkey technological solutions to the Esports
industry. Over time, the Company plans to provide a wide range of
China Food and Beverage Company – p. 2
RE: Shell Status March 15, 2023
services such as software solutions, e-commerce, financial services,
advisory services and information technology.
c) On March 18, 2022, the Company appointed Mr. Yuen Wong as its
Chairman of the Board of Directors. Mr. Wong also works as a strategic
partner with Arena Esports Hotel (Arena) www.arenaesportshotel.com
and has assisted Arena by tokenizing the properties and offering them on
his LABS Group crowdfunding platform. The first project is located at
Bugis Village, Singapore, which is the largest Esports hotel in Southeast
Asia and the world’s first hotel with VR concepts. The plan is to expand to
50 locations through the partnership and franchise model in 3-5 years and
reach over 2,733,000 people in-residence. Arena Esports Hotel is currently
expanding in Southeast Asia, targeting Cambodia, Malaysia and Vietnam.
Mr. Wong envisions CHIF obtaining a license from Arena to develop
projects in the U.S.A.
d) Mr. Wong currently serves as a co-founder of GEMS
https://thegems.gg/GEMS , an Esports 3.0 aggregator platform within the
online and offline communities. It propels Esports into 3.0 by integrating
GameFi, Mataverse and SocialFi elements, and leverages on Arena Esports
Hotels, in order to integrate the young population into the new sharing
economy. This platform can have strategic significance as the Company’s
Esports business progresses.
e) In December 2022, the Company began offering consulting services in the
Esports sector. The Company’s strategy is to make use of the vast
experience of its management in the Esports sector.
f) In February 2023, the Company formally launched an Esports business
consultancy division. The Company will have revenues in the first quarter
of 2023. The Company will incorporate its Esports business consultancy
division as a wholly owned subsidiary in the second quarter of 2023.
g) The Company plans to launch and acquire businesses in the Esport sector.
I, James A. Tilton, president, certify that:
1) I have reviewed this Supplemental Information Report of China Food and
there is obviously nothing to be active about.
You’re assuming Wong is still involved.
I think they mentioned it as a historical event
I could be wrong, but I've never seen an LOI remain unexecuted for over a year. I think that disclosure was simply as a historical event. Moreover, Moshn doesn't fit with the direction that the Chairman would want to follow.
They need to acquire something and change this ticker name. It does nothing to increase the PPS.
Quarterly fling is out
Good to see the share structure intact. It also seems, as far as I can tell, that the Moshn deal was abandoned. That one made little sense to me, so I'm glad to see them let it go. Still only 2.4mm shares held at DTC, so massive upside once some value enhancing transactions are announced.
You would think but Wong
Last PR…..3 months ago ….you would thing Mr. Wong would be all over this…..
Too late we now have battery flying cars, lol
Hopefully it happens before we have flying cars
$CHIF CHIF Announces Planned Rebranding and Name Change to Championship International Fintech Inc. as Part of Esports Business DirectionPress Release | 04/04/2022
London, UK, April 04, 2022 (GLOBE NEWSWIRE) -- China Food and Beverage Company (OTC Pink: CHIF), an Esports and Blockchain Consortium Venture company, today announced that it plans to change its name to Championship International Fintech Inc. as part of an overall rebranding of the Company and its business units and entrance into the massive Esports arena. The name change reflects the company's hybrid strategy into the Esports and Blockchain sectors, where both markets are growing very rapidly.
CHIF management believes the timing is right to enter the booming Esports and Blockchain markets. The global Esports market revenue was valued at just over $1 billion in 2021 and is being projected to grow 400% in the next seven years to an estimated $4.28 billion by 2027. As competitive video games continue to integrate into popular culture, global investors, brands, and media outlets are all paying attention. Consumers are as well. In fact, there will be 29.6 million monthly Esports viewers in 2022, up 11.5% from 2021, according to our estimates.
The global blockchain services market is expected to grow from $2.94 billion in 2021 to $4.65 billion in 2022, at a compound annual growth rate (CAGR) of 58%.
Mr. Yuen Wong, Chairman of CHIF and Silverbear Capital partner stated, “This is a rebranding process of the Company, as part of our new corporate strategy and we are determined to take the Company to the next level. From our promising research, the industry has seen a huge uptick in investment from venture capitalists, and more recently from private equity firms. The number of investments in Esports doubled in 2018, going from 34 in 2017 to 68 in 2018, as per Deloitte. That is reflected in the total dollars invested also. Investments are up to $4.5 billion in 2018 from just $490 million the year before, a staggering YoY growth rate of 837%, as per Deloitte. These investments are distributed to players across the Ecosystem, from Esports organizations, to tournament operators, to digital broadcasters, allowing it to function and grow.”
Jeff Au, CEO of CHIF and Silverbear Capital partner stated, "We are also positioning ourselves into the Blockchain business combining, the GameFi and Esports model, which is unique in this market. We believe the joint chemistry of Esports and Blockchain strategy will be the first of its kind in the market space.
Last month, CHIF announced the appointment of Bitmart Cryptocurrency Exchange https://www.bitmart.com Managing Partner, Mr. Yuen Wong, as the Company’s Chairman of the Board of Directors effective immediately. BitMart is a premier global digital asset trading platform with over 5.5 million users worldwide and ranked among the top crypto exchanges according to CoinGecko. BitMart currently offers 600+ trading pairs with one of the lowest trading fees in the market. Bitmart's platform supports over 220 cryptocurrencies and has a 24-hour trading volume of approximately $1.5 Billion according to coinmarketcap.com https://coinmarketcap.com/exchanges/bitmart/.
As a tech-savvy blockchain enthusiast, Mr. Wong also acts as an advisor to many successful blockchain projects. He is the CEO of LABS Group Limited https://labsgroup.io , the world's first end to end Blockchain powered real estate digital investment platform that provides access to fractionalized property and business ownership. LABS is taking a proactive role in spearheading the Esports hotel business, and capitalizing on the current GameFi and Metaverse trend.
Mr. Wong also works as a strategic partner with Arena Esports Hotel www.arenaesportshotel.com, and has assisted by tokenizing the properties and offering them on LABS crowdfunding platform. The first project is located at Bugis Village, Singapore, which is the largest Esports hotel in Southeast Asia and the world’s first hotel with VR concepts. The plan is to expand to 50 locations through the partnership and franchise model in 3-5 years and reach over 2,733,000 people in-residence. Arena Esports Hotel is currently expanding in Southeast Asia, targeting Cambodia, Malaysia and Vietnam.
Mr. Wong currently serves as a co-founder GEMS https://thegems.gg/GEMS , an Esports 3.0 aggregator platform within the online and offline communities. It propels Esports into 3.0 by integrating GameFi, Mataverse and SocialFi elements, and leverages on Arena Esports Hotels, in order to integrate the young population into the new sharing economy.
Silverbear Capital Inc. https://www.sbcfinancialgroup.com.hk/, a leading, global investment banking and advisory firm, will be advising NSAV on strategic matters related to this transaction.
Silverbear Capital Inc. (SBC) has a dynamic of disciplines on a broad commercial level and practice. SBC has a strong group of Partners in a wide range of disciplines with seasoned experience in finance, management, and professional practice. https://www.sbcfinancialgroup.com.hk/meet-our-team/.
Disclaimer: Silverbear Capital Inc. does not constitute investment advice, or an offer or solicitation to sell, or a solicitation to buy, or any other investment product (nor shall any such shares or product be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction.
CHIF’s vision is the establishment of a fully integrated technology company that provides turnkey technological solutions to the Esport, Cryptocurrency, Blockchain and Digital Asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, advisory services, financial services and information technology.
For further information, please contact CHIF at email@example.com
The CHIF Twitter account can be accessed at https://twitter.com/chif_tech
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of China Food and Beverage Company to accomplish its stated plan of business. China Food and Beverage Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by China Food and Beverage Company or any other person.
China Food and Beverage Company
Bid is at $1, that’s a start!
New name let's them keep the ticker
I suppose that saves them some money and time having to deal with FINRA.
We're starting to get more news flow. I hope this means some deals are on the horizon. Won't take much buying to drive the share price to $3-$4.
CHIF announces planned rebranding and name change to Championship International Fintech Inc.
Talking about some sort of branding campaign too
"Tuesday's CHIF press release also announced our upcoming plans for rebranding, as part of CHIF's entrance into the Esports arena. Stay tuned, our rebranding strategy is coming soon."
At least we're starting to get updates after months of no news flow. If we could get a similar market cap as N$AV, I think most shareholders would be very happy given CHIF's superior share structure.
Actually sort of…the PR about the new Chairman of the Board says in it that they will soon be filing for a name change. If that happens it will rock this thing
BOOM is coming soon!!!
Yeah I’m kinda sorta ok with losing that name forever and ever!
Wait, you don’t like China Food and Beverage???
All in fun Crypto!
26 Grosvenor Street
London, ENG W1K 4QW
CHIF ANNOUNCES ENTRY INTO CRYPTOCURRENCY, BLOCKCHAIN AND DIGITAL ASSET ARENA
Press Release | 02/22/2021
China Food and Beverage Company (OTC: CHIF), today announced that the Company will be entering the cryptocurrency, blockchain and digital asset technology arena. The management of CHIF believes that with the recent success of Bitcoin