Company : China Food & Beverage Co.. Symbol : CHIF OTC-BB
CEO: James Tilton Reporting: YES
Shares Outstanding : 6,915,167 Float : 1,459,043
Contact : (212) 398 - 7833 Mr. Tilton
Prospectus : (800)992-6616
Website : chif.net China Food & Beverage Co.
China Food and Beverage Company is a U.S. holding company whose strategy is the acquisition of regional Chinese breweries that complement its existing business, distribution and product lines. On April 27, 1998, China Food and Beverage Company signed an agreement to acquire 100% of Victoria Beverage Co., Ltd., which owns a 55% interest in Anhui Haodun Brewery Co., Ltd., located in Anhui, China.
Anhui Haodun Brewery Co., Ltd. has assets of $14.2 million, liabilities of $8.7 million and equity of $5.5 million, approximately. Its estimated 1997 revenue and net income were $15.5 million and $1.7 million, respectively.
To Receive the "Due Diligence Package" on China Food and Beverage Company (CHIF) by Priority Mail, please call 800-992-6616.
CHIF is a fully reporting profitable Company near it's low. T.A.P. believes that CHIF's current trading level of 7-10 cents it is undervalued with great up-side potential |
