Donner Corp. International Issues Speculative Buy Recommendation On China
Premium Food Corporation
SANTA ANA, Calif., Feb. 9 /PRNewswire/ -- The following is being issued by
Donner Corporation International, a member of the National Association of
Securities Dealers, CRD number 37702:
Donner Corp. International, an Investment Banking firm headquartered in
Santa Ana, Calif., today issued a Speculative Buy Recommendation and initiated
coverage on China Premium Food Corporation (OTC Bulletin Board: CHPF), North
Palm Beach, Florida. China Premium Food produces and delivers fresh,
nutritious quality milk and premium snack foods to China's 1.2 billion
consumers, more than one-fourth of the world's population.
"China Premium Food has contracted with Warner Brothers to allow Looney
Tunes(TM) characters, including Bugs Bunny, Tweety Bird, Sylvester the Cat,
the Tasmanian Devil and Daffy Duck, to be featured on the Company's packaging.
These American cartoon icons are well-known in China and a very powerful
stimuli in marketing to Chinese children," Donner said. China Premium Food
has signed a licensing agreement with Shanghai Best Milk Products, the second
largest dairy in this metropolitan area, to introduce the Looney Tunes
products in 1,600 supermarkets and food stores in that major city and
surrounding areas, an area of 17 million people.
Donner also emphasized in its report that China Premium Food has shown
significant revenue increases. Revenue for the nine months ended
September 30, 1999, increased almost 198 percent to $4.4 million. "China
Premium Food is solving distribution and refrigeration problems in China and
we believe this will continue to increase the Company's sales momentum,"
Donner said.
The Donner Report said China Premium Food is "taking an extremely
high-profile, aggressive approach in making its products known in China.
Considering the poor quality of its competition, and the growing appetite for
dairy products throughout China, we expect exceptional growth." Donner also
stressed that China Premium Food's recent exclusive agreement with snack food
king Lance, Inc. (Nasdaq: LNCE) to distribute cookies, crackers, cakes, meat
snacks, nuts and chips in China "is a perfect complementary vehicle for China
Premium Food's growing distribution system."
"We believe China Premium Food's stock is undervalued considering it is
the only Western company offering fresh milk to a market that constitutes a
quarter of the world's population combined with its clever marketing tactic of
using popular Looney Tunes characters to promote its products," Donner
concluded.
Copies of the Donner report on China Premium Food are available at
1-800-324-6050. Until recently, the Company was known as China Peregrine Food
Corp.
(The information contained herein is based on sources believed to be
reliable but is not guaranteed by this company and is not comprehensive. It
is not to be construed as an offer or the solicitation of an offer to sell or
buy securities mentioned herein. The Company, its members, affiliates and
employees may have long or short positions, which could be substantial, in
securities discussed or recommended and may purchase, sell, or trade these
securities from time to time in the open market or otherwise. In addition,
this Company may from time to time perform investment banking, corporate
finance, provide services for, and solicit investment banking, corporate
finance, or other business from the issuers of such securities for a fee.)
SOURCE Donner Corporation International
-0- 02/09/2000
/CONTACT: Donner Corporation International, 800-324-6050/
(CHPF LNCE)
CO: Donner Corporation International; China Premium Food Corporation;
Shanghai Best Milk Products; Lance, Inc. |
