China Fruits (OTC BB:CHFR)

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Monday, April 19, 2010

CHFR reported 2009 year end results,

	Full Year 2009	Full Year 2008	Period Change
GAAP Revenue	$1.91 million	$1.66 million	15.1%
GAAP EPS	-$0.01	$0.01	n/a
Fully Diluted Shares	36 million	36 million	0.00

The fourth quarter was still nothing to right home about.

	4^th Quarter 2009	4^th Quarter 2008	Period Change
GAAP Revenue	$867 thousand	$806 thousand	7.6%
GAAP EPS	$0.00	$0.00	n/a
Fully Diluted Shares	36 million	36 million	0.00

We just mentioned this stock a few days ago. The company is still losing money, but losses have appeared to stabilize. Comments in the 10K look encouraging as it pertains to revenue growth:

We expect sales to increase during 2010 as our moves toward implementing our business plan, including the increase in franchise retail stores, the increase in marketing budgets.

However, no comments were made regarding the outlook for profitability. Although still a risky play that may amount to nothing, at .08 we are willing to devote some exposure to our diversified portfolios with long-shot opportunities.

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