Golden Dragon Holdings, Inc. Continues Strong Growth and Expansion During 1st Quarter End 2010
BEIJING and MIAMI, April 1 /PRNewswire-FirstCall/ -- Golden Dragon Holdings, Inc. (Other OTC: GDHI) http://www.gdfbhk.com, an international food and beverage distributor specializing in the distribution of US and International food & beverage brands to the Chinese market, today announces that its continuance growth and expansion of convenience stores in Beijing has just reached 400 supply chain customers. The company continues to focus on a steady and strategic growth strategy for the fiscal year 2010. The company will start an aggressive sales plan for the 2nd quarter 2010, that will include the promotion of our ever growing product portfolio in the international hotels in the Beijing metropolitan area.
Mr. Frank Yglesias, CEO, stated, "we are very energetic and optimistic in reaching our 2010 year-end goal of 1,000 supply chain customers. We must build a solid network with a steady pace that will not compromise customer delivery satisfaction."
About Golden Dragon Holdings, Inc.
Golden Dragon Holdings, Inc. owns and operates Golden Dragon Food & Beverage Import & Export Company of Hong Kong, Ltd. in central Hong Kong and Beijing Jin Long Fei International Trading Co., Ltd in China. Golden Dragon Holdings, Inc. has agreements with U.S. food manufacturers. GDHI acts as a buying agent for its subsidiaries, 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 Jin Long Fei 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.
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