Questions? +1 (202) 540-8337 Login
Trusted News Since 1995
A service for global professionals · Wednesday, May 23, 2018 · 448,287,290 Articles · 3+ Million Readers

Food & Beverage: China Marine Sales Hit $2.8 Mil

June 12, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — China Marine Food Group Ltd. (AMEX: CMFO), a maker of seafood-based snack foods and algae-based beverages, and a distributor of frozen marine catch,  said that sales of its Hi-Power marine algae-based beverages hit $2.8 million for the first three months of 2010 ended March 30. Hi-Power also has forecast $20 million for the full year 2010. The company acquired the brand in January 1, and said it has focused on market research and analysis to improve product packaging before launching Hi-Power under its Mingxiang brand.

During the first quarter of 2010, China Marine said it began an advertising, marketing and promotional campaign that resulted in several stocking orders from distributors in Fujian Province, the initial targeted market.

The company said that each distributor who ordered Hi-Power has re-ordered during the first two months of the second quarter. Distributors in Guangzhou and Shanghai have placed initial stocking orders in addition to several of China Marine's food distributors who have added Hi-Power beverages to their stocking orders.

Year to date and through May 31, China Marine has recorded around $4.9 million in sales of Hi-Power. The company also stated that May 2010 sales increased by around 20% versus April 2010.

China-based China Marine Food Group is a food and beverage manufacturer of Mingxiang seafood-based snack foods, "Hi-Power" marine algae-based health drinks, and a wholesaler of frozen marine catch in seven provinces in the PRC.

Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[hlmsmlh] [ffddbvrg] [chnchn] [bsnnssb] [dvcmntnmc] [ftrdnwswnd] [mlstnsrcgntn] [dscrtnryrn]

Powered by EIN Presswire