For the year ending December 31, 2011, based on management's current expectations, revenue will be in the range of $32.0 million to $36.0 million. The company intends to utilize its existing cash position for capacity expansion, marketing and distribution of its new beverage products and general corporate purposes.
Nutrastar International today announced that it has completed its 2010 expansion plans, increasing annual production capacity from 55 tons to 72 tons. "We are thrilled to have completed this significant expansion project, which increases our annual production capacity by over 30%. This will allow us to continue to expand our product pipeline and market share in the TCM consumer products market. Our new functional health drinks containing Chinese Golden Grass are now in more than 50 supermarkets and convenience stores in the city of Changzhou, Jiangsu Province. We are looking forward to further expanding distribution of our beverage and other consumer products in 2011."