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China Fruits Corporation reports 495% sales growth compared to 2013

China Fruits Corporation reported that gross revenue were $2,862,463 and $13,414,155 for the three and nine months ended September 30, 2014, respectively, increased of 416%, and 495% from the corresponding period of 2013, primarily to company's effort in developing overseas markets and in increasing franchise stores.

"495% is a very significant sales growth rate for the nine months ended September 30, 2014, compared to the same period in 2013. It indicates that our China fruits corporation is in a quick development phase with steady and sturdy paces. Meanwhile, the number of our franchise retail store is expanding to 35," said Mr. Quanlong Chen, Chairman and Chief Executive Officer of China Fruits Corporation, "and we are excited about the future of our fruit e-commerce business, because we believe that our retail stores can give us competitive edge of our unique O2O business model."

During the nine months ended September 30, 2014, the revenues from Thailand were approximately $5,650,000, or 42% of total revenues, which were $0 during the same period of 2013, and the revenues from Dubai and other markets were approximately $1,100,000, or 8% of total revenues, which were $0 during the same period of 2013.

Revenues from franchise retail stores increased to approximately $4,730,000, or 35% of total revenues for the nine months ended September 30, 2014. Such increased was direct result from the increase in our franchise stores, which totalled 35 stores as September 30, 2014, compared to 6 stores in the same period in 2013.

Please click here for the full report.

For more information, please visit www.taina.cn.

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