Nutrastar Provides Update on Production Capacity Expansion Project
HARBIN, China, Jan. 5, 2012 /PRNewswire-Asia-FirstCall/ — Nutrastar International Inc. (OTCBB: NUIN; “Nutrastar” or the “Company”), a leading China based producer and supplier of premium branded consumer products including commercially cultivated Cordyceps Militaris and functional health beverages, today provided an update on the Company’s Cordyceps production capacity expansion project.
As disclosed in August of 2010, in order to meet growing demand, the Company embarked on an expansion plan designed to boost production capacity for its core Cordyceps product from 55 tons to over 100 tons by year-end 2012. The Company completed the first phase of its expansion through the renovation of three buildings in 2010, increasing production capacity to 72 tons by year-end. As of year-end 2011, the Company neared completion of an additional three buildings, which will bring total production capacity to 87 tons, an overall production capacity increase of 58% from the onset of the expansion project. These additional facilities are expected to be online and operational in 2012. The Company expects to renovate additional four buildings over the course of the current year and meet its goal of over 100 tons of Cordyceps production capacity by 2013.
Ms. Lianyun Han, Founder and Chief Executive Officer of Nutrastar commented, “Our multi-phase, multi-year project has been a concerted team effort. We are thrilled to be close to finishing the second phase of our expansion. We look forward to sustaining our position as the leading provider of premium commercially cultivated Cordyceps consumer products in China now and for years to come.”
About Nutrastar International Inc.
Nutrastar is a leading China based producer and supplier of premium branded consumer products including commercially cultivated Cordyceps Militaris, functional health beverages and organic and specialty food products. Cordyceps Militaris, our core product, is one of the most highly regarded herbal nutrients in Traditional Chinese Medicine. The Company is headquartered in Harbin, capital of Heilongjiang province, with 321 employees, including 21 in R&D, and 140 in sales and marketing. The products of Nutrastar are sold throughout China via a direct 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.
For more information, please contact:
Robert Tick, CFO
Nutrastar International Inc.
American Capital Ventures
SOURCE Nutrastar International Inc.