Welcome, Guest Login | Signup | Portfolio | Bookmark | Contact
Markets

Symbol Name
Click for Symbol Help




Healthy Coffee Finalizes Agreement to Form a Joint Venture Company in China and Targets $160 Million in Revenues

Marketwire.com - Sep 14, 2009

NEWPORT BEACH, CA--(Marketwire - December 14, 2009) - Healthy Coffee International, Inc. (PINKSHEETS: HCEI) and Heng Yi Non Gzi Corp. (HYNG) announced that they have finalized an agreement to form a joint venture company in Shenyang, China.

Healthy Coffee China will be established by HCEI as a subsidiary which will form a joint venture company with HYNG. The joint venture company will then market Healthy Coffee products to over 35,000 cooperatives managed by HYNG throughout China, whereby each cooperative has a membership base between 1,000 to 5,000 people.

The agreement was signed by Rick Aguiluz, CEO of Healthy Coffee International, and Mr. Wang, Chairman of HYNG, who flew in from China to sign the agreement in Los Angeles. Dr. Samuel Chung, Medical Consultant of Healthy Coffee USA, witnessed the contract signing.

Rick Aguiluz, architect of the Healthy Coffee concept and CEO of Healthy Coffee International, commented: "This is a major breakthrough for Healthy Coffee, and will catapult us to be a major player in the Chinese market. I will be flying to China next month with my team from California, Philippines and Malaysia to speed up the process of setting up the office in Shenyang and establish the joint venture company, then start marketing Healthy Coffee products immediately."

Mr. Wang, Chairman of HYNG, added: "We are pleased to have Healthy Coffee as our joint venture partner, and we look forward to a long-lasting business relationship."

Ray Pilaro, VP International Business Development of Healthy Coffee USA, added: "With this joint venture, we effectively have a ready market of over 100 million people. If only 1% of them order one bag of our Healthy Coffee each month, that will translate to $160 Million per year in revenues."

Holmes Stoner, Jr., Chairman of the American International Business Council, with offices in Shenyang, Beijing, Shanghai and Shenzhen, China, said: "A delegation from Shenyang province is arriving in Long Angeles to meet with Rick Aguiluz and his Healthy Coffee International team to discuss how they can support the Healthy Coffee China joint venture in Shenyang."

ABOUT HEALTHY COFFEE INTERNATIONAL, INC.

Healthy Coffee International, Inc., category creator of Healthy Coffee, is focused on bringing health to the world's largest and most popular drink, coffee. The company's proprietary formulas combine the health benefits of Ginseng, Reishi Mushroom, and other top quality ingredients with the world's finest coffee beans to create a line of deliciously healthy instant gourmet coffee drinks. Healthy Coffee is well positioned in the market place at the intersection of three mega-billion dollar industries: coffee, wellness and energy drinks, and has quickly established offices in 9 countries and distributors in 29 other countries through its marketing subsidiary Healthy Coffee USA, Inc. (www.HealthyCoffee.com) which uses a simple and unique Internet-driven international business model that allows the average person to own and operate a local, national, or international coffee distribution or coffee house business with very little capital investment or overhead. For more information, visit www.HCEI.biz.

Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of Healthy Coffee International, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Contact:
Rick Aguiluz
CEO
Healthy Coffee International, Inc.
(949) 209-8850

Read Full Article from Marketwire.com

- Posted: 2010-01-18 11:30:26


 More Stock Investor Place Financial News  
Metals price rout is ending, says Credit Suisse
The Gold Rally is Far From Over ... CNBC.com Editorial
Uragold Raw Quartz Assays As High As 4N Purity (99.99% SiO2) Prior To Commencement Of Testing
Interview with Mr. Tony Green, CEO of UMINING Resources Inc.(UMNG)
Northern Gold Intersects 5.47 g/t Au OVER 17.3 m at Jonpol Deposit

 Stock Investor Place Financial News Archive
April 2016
March 2016
December 2014
August 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
May 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007















Featured Companies | My Place | News | Markets | Big Board | Blogs | Products & Services

Copyright 2024 Stock Investor Place Inc. All Rights Reserved.
Disclaimer - Terms of Use - Privacy Policy - Advertise