BEIJING, Jan. 22 /PRNewswire-FirstCall/ -- Golden Dragon Holdings, Inc. (Other OTC: GDHI) (http://www.gdfbhk.com), an international food and beverage distributor specializing in the Chinese market, today announces that it signed on 300 convenience stores and has effectively distributed products to these stores in the Beijing Metropolitan Area. This is part of the company's ongoing strategic growth to reach its year end 2010 goal of 1000 convenience stores in Beijing. The company believes in building a solid network of convenience stores to increase value to the company. The project revenue from these 1000 convenience stores are to surpass $1,000,000USD in sales a year.
Mr. Frank Yglesias, CEO, stated, "It is exciting to see the company's footprint grow on the map; we must continue our passion in growing the company without compromising our service to our clients. This will be one of our many keys in archiving this goal."
About Golden Dragon Holdings, Inc.
Golden Dragon Holdings, Inc. owns and operates Golden Dragon Food & Beverage Import & Export Company of Hong Kong, Ltd. (GDHK) in central Hong Kong and Beijing Flying Golden Dragon International Trading Co., Ltd in China (BFGD). Golden Dragon Holdings, Inc. has agreements with U.S. food manufacturers. GDHI acts as a buying agent for GDHK, negotiating vendor contracts and services with U.S. food and beverage industry partners. The Hong Kong Company plays a strategic role in the importation of products into the Chinese market by leveraging the Closer Economic Partnership Arrangement (CEPA) with China. Through this arrangement, Beijing Flying Golden Dragon International Trading Co., Ltd distributes some of the most popular U.S. food and beverage brand products directly into the hypermarkets, supermarkets and convenience stores in China. The Company is responsible for order fulfillment for its clients in China, as well as providing advertising and promotion (A&P) services for its U.S. food and beverage products.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995.
SOURCE Golden Dragon Holdings, Inc.