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GHN Agrispan Signs Agreement with Internationally Recognized Fortune 100 Retail Giant in China
Last update: 9/23/2010 4:22:00 PM
Initial One-Year Supplier Agreement Automatically Renewable for Consecutive Annual Terms
XIAMEN, China, Sep 23, 2010 (BUSINESS WIRE) -- GHN Agrispan Holding Company (GHNA), an emerging company engaged in China's high-growth agriculture, prepared foods and catering industries, today announced that it has signed a supplier agreement with an internationally recognized Fortune 100 retail giant in China.
The supplier agreement, signed July 29, 2010 allows GHN Agrispan, upon receipt of a purchase order, to sell certain of its products to the retail giant for resale at the retailer's locations throughout the PRC. The agreement has an initial term of one year and, so long as neither party provides written termination, the agreement automatically renews for consecutive one year periods.
"We are very excited to announce an agreement with a Fortune 100 enterprise," commented Ms. Xu Yizhen, CEO of GHN Agrispan. "As one of the most highly-respected international corporations in mainland china, we are pleased to provide this retailer with our fresh agricultural products and prepared foods. We hope this partnership will flourish over the next several years, and we expect to generate substantial growth as we roll out new products and services that expand and deepen our relationships with this client's customer base in China."
Ms. Yizhen continued, "After years of deploying best-of-industry practices, we have positioned GHN Agrispan to capitalize on China's growing middle class and their increasing desire for quality food products that are free of toxins and pollutants and provide a healthy alternative to heavily processed foods. We look forward to providing our investors regular news about our growing operations in China, in addition to any updates on our relationship with this Fortune 100 enterprise."
For more information on specific terms of this agreement, please refer to GHN Agrispan's recently filed 8-K by searching for the filing on the SEC website at , or by navigating directly to the 8-K using the following link:
About GHN Agrispan Holding Company