Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : CHIF - China Food and Beverage, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: T A P who wrote (88)	5/5/1999 9:21:00 AM
From: T A P	Read Replies (1) \| Respond to of 127

MORE CHIF NEWS!!.09 EPS confirmed for '98 China Food and Beverage Company Reports $0.09 Per Share Earnings for 1998 SAN FRANCISCO, May 5 /PRNewswire/ -- China Food and Beverage Company (OTC Bulletin Board: CHIF) today announced pre-tax earnings of $2.9 million for the year ended December 31, 1998. The earnings reflected a 7.4% increase over the previous year's results. On a per share basis, net earnings were recorded at $0.09 per share. The Company had $5.2 million shares outstanding at the end of 1998. The Company also reported 1998 revenues of $15.9 million, an increase of 8.9% over revenues for the previous year. James Tilton, President of CHIF, stated, "We are extremely pleased with the revenue and earnings growth displayed in 1998 given the turbulent currency and economic situation throughout Southeast Asia. With the fine management team in place we expect further growth in the year ahead and substantially stronger growth should the economic turbulence subside. We at CHIF are truly appreciative of our loyal shareholders who have continued to support us during our rebuilding phase. We view the opportunity to report $0.09 per share in earnings as a first small step in rewarding our shareholders and expect many other positives in the future." China Food and Beverage Company is a public company, which invests in and or controls food and beverage companies in the People's Republic of China and the Far East. The Company currently owns a majority interest in the Nantong Aitesi Beer Co., Ltd., People's Republic of China. For further information on China Food and Beverage Company, contact James Tilton at (212) 398-7833. SOURCE China Food and Beverage Company CO: China Food and Beverage Company T A P has received 5K shares of restricted stock of CHIF from the company for services provided for a period of 1 year. For a complete write-up on CHIF and other Turn Around Picks and to join free, go to T A P profile for url.