Categorized | Press Releases

China Food Services Provides 1st Quarter 2011 Financial Results

China Food Services, Corp. ( (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.”

For a full report, click on the link below:

Safe Harbor Statement
Information in this press release may contain ‘forward-looking statements.’ Statements describing objectives or goals or the Company’s future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the ‘Safe Harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995.

CONTACT: 888-288-5215 ยท Please read our Full Disclaimer pertaining to this article.

Leave a Reply

Search Articles