Company received initial approval from China’s Ministry of Commerce and is now registered as a Foreign Trade Operator
HARBIN, China, September 10, 2014 /PRNewswire/ — Nutrastar International Inc. (OTCQB: NUIN; “Nutrastar” or the “Company”), a leading producer and supplier of premium branded consumer products, including commercially cultivated Cordyceps Militaris (“Cordyceps”), health beverages and organic and specialty foods, today is pleased to announced that the Company has received the initial approval from China’s Ministry of Commerce and is now registered as a Foreign Trade Operator.
The Company is currently in the process of completing the second step of the registration process, which is the next step in the Company’s initiative to qualify for and eligible to exporting its premium consumer products internationally. In accordance with China’s Foreign Trade Operator Regulations, the Company must now complete the required procedures and obtain the necessary approval from the local customs, tax offices, foreign exchange and other authorities in order to conduct foreign trade business. Once all the necessary steps are completed and approved, the Company will then be able to export its premium Cordyceps consumer product portfolio abroad.
Ms. Lianyun Han, Nutrastar’s Chief Executive Officer, commented, “The entire Nutrastar team and I are thrilled to have completed the first step in the Foreign Trade Operator status process and are aggressively pursuing the completion of the second step. Once the necessary steps are completed, most of our Cordyceps related premium consumer products will then be eligible for export. Taking our premium consumer products to new markets abroad has been part of our long-term strategic growth plan, so this is an exciting time for us to be this close to achieving our goal.”
Ms. Han added, “While confident in the demand for our products, we will take a conservative approach to international expansion once this status is approved for export. We will keep investors and the investment community updated as these initiatives and milestones come to fruition in the future.”
About Nutrastar International Inc.
Nutrastar, through its VIE entities, is a China based leading producer and supplier of premium branded consumer products including commercially cultivated Cordyceps Militaris, functional health beverages as well as specialty and organic foods. Cordyceps Militaris is one of the most highly regarded herbal nutrients in Traditional Chinese Medicine. The Company is headquartered in Harbin, capital of Heilongjiang Province, with 330 employees, including 21 in R&D, and 149 in sales and marketing. The products of Nutrastar are sold throughout China via a sales and distribution network that covers more than 10 provinces. More information may be found at http://www.nutrastarintl.com/ or e-mail: firstname.lastname@example.org
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Safe Harbor Statement
This news release contains “forward-looking statements” relating to the business of Nutrastar International Inc., its subsidiaries and other affiliate companies. All statements, other than statements of historical fact included herein are “forward-looking statements” including statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the Company with the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, the Company does not assume a duty to update any forward-looking statements to reflect events or circumstances after the date hereof.
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