Big PR out on May.18.2011 Regarding a merger:
BEIJING, May 18, 2011 (MARKETWIRE via COMTEX) -- China Food Services, Corp. (PINKSHEETS: GDHI) today announces that it has signed a letter of intent "LOI" for a merger with California Grapes International, Inc (CGI).
CGI is an innovator in international wine sales and distribution. The Company has developed the process to achieve the ultimate in a "Value Added" sales and distribution model by providing direct retail, strategic account management, wholesale distribution partners, comprehensive marketing programs and wine education. By focusing on international markets, CGI has identified and developed the necessary marketing, operations and sales support mechanisms to help domestic wineries realize the opportunity of international sales. The current business model of most distribution does not provide for an effective approach to presenting their products beyond a direct sale of a wineries' tasting room. CGI offers an approach for the winery of providing the true value of their wine to the buyer.
We here at pennystockwhispers.com believe that the time to for GDHI has come. The liquor business has always been a great one and this pending merger will be a big step for greater value to be added to GDHI. The company is Pinksheet current tier which will help the merger happen. Not many companies want to merger with another company that has a bad tier rating on pinksheets.com. We alerted this stock in the 0.0004-0.0005 range and we believe this company is currently undervalued. The chart is showing a reversal pattern. Today we saw plenty of volume and our opinion is that the support lines are getting stronger and stronger. That's it for tonight members. Have a good night.
Regards,
-PennyStockWhispers.
