StockGuru China: Breaking News – Golden Dragon Holdings, Inc. Signs 100 Stores
Written by John Pentony on October 19, 2009
View the StockGuru China Profile for Golden Dragon
Golden Dragon Holdings, Inc. Signs 100 Convenience Stores
BEIJING, Oct. 19 /PRNewswire-FirstCall/ — Golden Dragon Holdings, Inc. (Other OTC: GDHI – News) www.gdfbhk.com announces today it has signed on 100 independent convenience stores in Beijing. The company is diligently working to place products in these independent convenience stores. Currently, the company has placed products in 75 locations.
The company’s CEO, Frank Yglesias, said, “This is a tremendous milestone, but by no means are we to celebrate. We must hunker down and continue to push forward inch by inch, and not lose sight of our year-end goal, which is 200 locations. We are 100% committed to doing everything within our power to make this happen.”
Additionally on October the 16th, the company released its 3rd quarter company video update. This video can be seen in its entirety on the following web sites:
http://www.gdfbhk.com/investors.html
http://www.youtube.com/user/jinlongfei?feature=pyv&ad=3
433230157&kw=gdhi#play/uploads/0/_lCah3IqumI
About Golden Dragon Holdings, Inc.
Golden Dragon Holdings, Inc. (PINKSHEETS: GDHI – News) is a publicly traded company that 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.
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