Golden Dragon Holdings, Inc. Has Signed an Expansive Supply Agreement with Vanguard Group

BEIJING, Feb. 1 /PRNewswire-FirstCall/ -- Golden Dragon Holdings, Inc. (Other OTC: GDHI - News) http://www.gdfbhk.com an international food and beverage distributor specializing in the distribution of US food & beverage brands to the Chinese market, today announces that it has signed, its first of several agreements with China Resources Enterprise Limited, aka/ Vanguard Group who operates more than 2,600 Supermarkets, Hyper Markets and Specialty Stores throughout China and Hong Kong. This initial agreement allows us to sell and service all 7 V'Ole Gourmet Supermarkets in Beijing.

Mr. Frank Yglesias CEO stated, "This is just the tip of the iceberg and the potential of this relationship at this moment is too great to fully quantify. We will be able to sell our entire array of products through this agreement. Our focus will be to efficiently and accurately deliver products to their 7 Beijing V'Ole Supermarkets; which will allow us to prove ourselves as a reliable supplier. Once we have successfully proven ourselves in Beijing, we will develop a roadmap for all their Chains in China and Hong Kong. We are currently engaged in discussions with Vanguard to potentially supply their Supermarkets, VnGO convenience store and their Hypermarkets, which is China's version of a Big Box Store."

About China Resources Vanguard

China Resources Enterprise, Limited is a listed company on the Stock Exchange of Hong Kong (Stock Code: 00291) and is one of the constituent stocks of the Hang Seng Index. The Group focuses on the consumer businesses in both the Chinese Mainland and Hong Kong, with core activities being retail, beverage, food processing and distribution, textile and investment property.  The retail subsidiary has grown to become No. 1 supermarket retailer in China. With over 2,600 chain stores located in Hong Kong, Shenzhen, Guangzhou, Zhong Shan, Zhu Hai, Su Zhou, Nan Jing, Beijing, Tianjin, Xian, Zheng Zhou and other major cities in PRC. CRV has more than 100,000 employees. With the diversified business, CRV currently operates 184 Vanguard Hypermarkets, 15 V'Ole Supermarkets, and 2,572 Vanguard Supermarkets and VnGO 24hrs convenience stores.

V'Ole Supermarkets

This high-end luxury gourmet supermarket chain focusing on VIP consumers, it offers authentic foods and beverages from France, Spain, USA, Canada, and Holland, just to mention a few.  It has one of the best selections of world wines.  Currently there are 15 chains throughout China, 7 of which are in Beijing.

Mr. Cesar Cuenca President stated, "This is an excellent opportunity to show case our Centvm Vitis wine and other top wineries from Spain, France, Italy, Chile and Argentina that we are currently negotiating to have exclusivity rights for the Chinese market.  We will be displaying this high end wine to the elite VIP consumers that shop in V'Ole Supermarkets."

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.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED