China Food Services, Corp. Hits Mid-Year Mark of 500 Stores

BEIJING and MIAMI, May 19 /PRNewswire-FirstCall/ -- China Food Services, Corp. formally known as Golden Dragon Holdings, Inc. (Other OTC: GDHI) http://www.chinafoodservices.com, an international food and beverage distributor specializing in the distribution of U.S. food & beverage brands to the Chinese market, today announces that the company has reached a total of 500 retail stores, in which products are delivered via its DSD direct store delivery system, in the Beijing Metropolitan Area.

Frank Yglesias CEO of China Food Services, Corp, said, "We are very pleased to continue to experience growth in our company store portfolio and distribution cycle across Beijing. This, combined with our continual increase of inventory for re-sale, will allow us to professionally have product availability for our retailers and ultimately the consumer.  I feel very confident in reaching our year-end goal of distributing to 1,000 retail outlets."

About China Food Services, Corp.

China Food Services, Corp. 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). China Food Services, Corp. 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 China Food Services, Corp.