California Grapes International, Inc (CAGR)

[Laylos]

News!!! China Food Services, Corp. and California Grapes International, Inc. Announces Official Execution of Merger Agreement

China Food Services, Corp. (OTC: GDHI) and California Grapes International, Inc. announces that both companies have entered into a definitive merger agreement to springboard the new company to be China’s largest exclusive California Wine sales and distribution source. During the months following this merger, China Food Services, Corp. and California Grapes International, Inc. will create one stronger company, leveraging the F&B, logistical and distribution framework already established in China, with the solid foundation of the Californian wine industry that California Grapes International has already established.

Executives from both companies believe that the merger not only will provide a solution for the growing demand of California Wines in China, but also will serve as a diplomatic and educational envoy for the California wine industry.

Jeffrey Crittenden, President and CEO of California Grapes International stated, “The result of this merger represents the final piece of the most comprehensive export solution available for the California wine industry. The enthusiasm and support behind us from the California wine industry and organizations like the Wine Institute of CA, F.A.S., A.T.O. and the Commerce Department, ensure that California Grapes International, Inc. plays a significant role in the Billion Dollar wine export industry!”

Brian Bumgarner, CVO (Chief Vintner Officer) of California Grapes International stated, “Exports are becoming increasingly important for wineries in this economy. Our platform offers the winery an opportunity to have a more direct presence and vision into the markets we serve.”

Frank Yglesias, Chairman and CEO of China Food Services stated, “This merger is a great step forward and an advantage for both companies, as they complement each other perfectly. The energy, drive and experience of both companies will be of extreme value to our shareholders.”

Safe Harbor Statement

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995.

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