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SOURCE Nutrastar International Inc.
Company Now Better Positioned Meet Demand for Its Premium Branded Consumer Products
HARBIN, China, March 4, 2013 /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"), functional health beverages and organic and specialty foods, today announced that the Company completed its multi-year, multi-phase Cordyceps production expansion project, increasing capacity to 100 tons going forward, up 81.8% from 2010.
The expansion project was designed in August 2010 to grow capacity from 55 tons to over 100 tons over the next two and a half years to meet the company's growing demand for its core Cordyceps product and functional health beverages. The first phase involved the renovation of 3 buildings in 2010, increasing production capacity to 72 tons by year-end. The second phase included the renovation of an additional 3 buildings, bringing production capacity to 87 tons by early 2012. The renovation of the final four buildings included in the project was completed in February 2013 and will go into production this year. In total, the Company renovated 10 buildings located on their existing production facility.
"We are thrilled to complete this final phase of our expansion project and it could not have come at a better time," commented Ms. Lianyun Han, Chief Executive Officer of Nutrastar. "Nutrastar is fortunate that the demand for our cordyceps related products continues to grow. With added capacity, we are now better able to meet this demand and even further, grow our product portfolio to include other specialty consumer products that have been in development but were unable to be launched due to previous capacity constraints."
About Nutrastar International Inc.
Nutrastar 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 332 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: email@example.com
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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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