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China Shoe Holdings Merges With Eatware Group of Companies

posted on Apr 16, 09 07:34AM

Company Completes an Exchange of Stock Which Brings a New Direction and Expanded Opportunities

SHANGHAI, CHINA -- (Marketwire) -- 04/16/09 -- China Shoe Holdings, Inc. (OTCBB: CHSH) has successfully completed a merger through an exchange of Common Stock with Extra Ease Limited ("Extra Ease") and Eatware Intellectual Properties Limited ("EWIP"). As a result of the merger, Extra Ease and EWIP became wholly-owned subsidiaries of China Shoe Holdings, Inc. Following the completion of the merger, China Shoe Holdings, Inc. plans to change its name to Eatware, Inc. The primary new business and market focus will be on licensing technologies, intellectual properties and trademarks in connection with environmentally safe food packaging products and additives, as well as leasing of machinery to licensees.

A new group of officers and a board of directors have been elected to guide the company through the transition as a leading brand of high quality bio-based food packaging products.

"This merger with China Shoe provides an excellent opportunity for our company. There are significant opportunities in a number of markets, both foreign and domestic, for the technical services and skills that Eatware brings to the company. The management and principals of the Eatware team have strong credentials and excellent reputations that will allow an aggressive marketing program to expand the range of customers and services provided," commented Jonathan So, the company's C.E.O., C.F.O. and Director.

About China Shoe Holdings, Inc.

China Shoe Holdings, Inc. ("China Shoe") is a development-stage company that was formed in the State of Nevada on January 24, 2005 as Indigo Technologies, Inc. with its executive office located at Waigang, Jiading District, Shanghai, People's Republic of China 201800. The company now focuses on establishing itself as a leading brand of high quality bio-based food packaging products.

The Company is a global technology-driven company focused on the marketing and selling of high-quality, single-use bio-based tableware for the foodservice packaging industry currently available worldwide. Product features include being oil, water, heat resistant, microwave and oven safe, and made with all natural, abundant, and renewable materials that are 100% decomposable, biodegradable and recyclable. The Company's product line includes food containers, plates, trays, bowls, lids and other disposable packaging containers in the industry.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION ACT OF 1995

With the exception of historical information, the matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of TriCord could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations, inability to hire and retain qualified personnel, and changes in the general economic climate. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by TriCord, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.

Contact:
Investor Relations
Email Contact
+852 2295 1818
www.eatware.com


Source: Marketwire (April 16, 2009 - 1:33 PM EDT)

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