China Food Services, Corp. (http://www.chinafoodservices.com) (PINKSHEETS: GDHI) – The Company is pleased to announce that it has posted a 400% sales increase compared from last year’s 1st quarter sales report. The company also reduced its quarterly loss from $121,303USD in the 1st quarter of last year to $44,061USD this year.
“While we are disappointed that we were not able to show a profit, the results are very encouraging in term of the 2011 financial outlook, we believe that we must first have to increase sales and control costs,” said Frank Yglesias GDHI’s Chairman and CEO. “We are encouraged by our 1st quarterly 2011 financial report since it sets the stage for future profitability and our goal of financial independence.”
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