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

To: T A P who wrote (92)	5/20/1999 3:17:00 PM
From: lookin forward	Respond to of 127

This should be a great idea now that the government is working hard on outlawing the sale of alcohol on the Internet. Check out GMCH and TNRG and see how this company handles marketing. A link for GMCH, Tiltons own company, was not listed on his own internet mall until a tremendous amount of pressure from the stock holders forced his hand. Also look how long the advertising banners on the globe and other places were kept up. Do not believe anything I say unless you take the time to research the facts. Beware any stock that has paid Internet hypsters as the force to move the stock. TAP isn't it true that the reason for the current share price is a hundred to one reverse split? R.M.

To: T A P who wrote (92)	5/25/1999 9:52:00 AM
From: T A P	Read Replies (1) \| Respond to of 127

CHIF NEWS! CHIF Board to Undertake $15 Million Expansion NEW YORK, May 25 /PRNewswire/ -- China Food and Beverage Company (OTC Bulletin Board: CHIF) announced today that its board of directors has approved a plan to join forces with Gourmet's Choice Coffee Co., Inc. (OTC Bulletin Board: GMCH) to introduce Gourmet's Choice Coffee into Asia via sales through a chain of small coffee shops. The plan calls for the opening of twenty four coffee shops in Hong Kong, Shanghai, Beijing, Tokyo, Seoul, Pusan, Singapore, and Kuala Lumpur. Investors from Hong Kong and Seoul will meet with CHIF executives in June to finalize the expansion plan, which will potentially be financed by an equity stock offering of up to $15 million. The plan calls for each coffee shop to be approximately 2,000 square feet with seating capacity for 120. Although tea has traditionally been the hot drink of choice throughout Asia, coffee consumption has steadily increased at a rate exceeding 10% per year and should overtake tea consumption within the next five years. The strategic alliance with GMCH will provide a reliable and inexpensive source for over 20 blends of gourmet coffee from around the world and provide profit margins exceeding 30%. James Tilton, President of CHIF stated, "This single move has the potential to double our current revenues within the next eighteen months. Asia is the world's largest consumer market and will soon become the world's primary market for coffee." China Food and Beverage Co. reported revenues of $15.9 million and a pre-tax earnings of $2.9 million for the year ended December 31, 1998. China Food and Beverage Co. is a U.S. holding company whose strategy is the acquisition of regional Chinese breweries that complement its existing business, distribution and product lines. For further information on China Food and Beverage Co., contact Investor Relations at 800-641-5844 or visit the company's web site, chif.net This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, the ability of China Food and Beverage Co. to accomplish its stated plan of business. Although China Food and Beverage Co. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate and, therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by China Food and Beverage Co. or any other person that the objectives and plans of China Food and Beverage Co. will be achieved. SOURCE China Food and Beverage Company CO: China Food and Beverage Company; Gourmet's Choice Coffee Co., Inc. ST: New York, China 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.