Golden Dragon Holdings, Inc. Receives Retail Alcohol and Wines License
BEIJING, Sept. 22 /PRNewswire-FirstCall/ -- Golden Dragon Holdings, Inc. (Other OTC: GDHI) www.gdfbhk.com announces today that it has acquired its retail alcohol, wine and spirits licenses form the Peoples Republic of China. This license will add a tremendous value to the company and is one of many acquired licenses and accreditations GDHI has obtained to properly establish its foundation as a food and beverage distributor in China. The monetary value of this license is intangible, but the company will immediately see the revenues generated by the success of having this certification. For more information click on the following link: http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=24496
"Today's announcement speaks to our unique capability of continuing to build our foundation in China. Acquiring this retail licenses will now give us the ability to sell in the retail sectors, not only our private label (Endless Wines), but also alcohol beverages. This license is similar to the ABC liquor license in the USA," stated Mr. Eddie Gao General Manager of Golden Dragon Holdings, Inc.
About Golden Dragon
Golden Dragon Holdings, Inc. (GDHI) is a USA 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 Jin Long Fei International Trade Company Ltd. in China. Golden Dragon Holdings, Inc. has agreements with USA food and beverage manufacturers. GDHI acts as a buying agent for GDHK, negotiating vendor contracts and services with USA food and beverage industry partners. The company purchases goods and services directly from Golden Dragon Holdings, Inc. 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. We distribute some of the most popular USA food and beverage brand products directly into the hypermarkets, supermarkets and convenience stores in China. We are responsible for order fulfillment for our clients in China, as well as providing advertising and promotion (A&P) services for our USA 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.