Golden Dragon Holdings, Inc. Expands China Wine Imports
5 hours ago - ACQUIREMEDIA
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BEIJING, July 22 /PRNewswire-FirstCall/ -- Golden Dragon Holdings, Inc. (Pink Sheets: GDHI) www.gdfbhk.com announced that it has entered into various agreements with 8 wineries from Spain, Italy and France. Under the terms of these agreements GDHI will have import rights for each brand. The company will commence the preparations for the trademark registration and labeling registration procedures required by the Peoples Republic of China.
Mr. Cesar Cuenca, President, stated: "Understanding the consumption of wine in China, coupled with excellent wine we offer at moderate pricing for the consumer, positions the company for rapid growth in this segment. The company has developed a unique business model to distribute the wines to local restaurants and hotels in Beijing, and with the proper resources has the potential for exponential growth."
Wineries
www.togni.it
www.bodegadesarria.com
www.valdoca.com
www.manuelmanzaneque.com
www.vinexsa.com
www.terranostravinos.com
www.bodegasfrutosvillar.com
www.chateaulangoiran.com
China's Thirst for Wine is Rising
China's thirst for the grape has come a long way since the eighth-century poet Li Bai -- the "Immortal of Wine" -- penned "Drinking Alone by Moonlight." In his most celebrated work, Li Bai recalls enjoying "a cup of wine, under the flowering trees." These days, it would be a tough task to find a solitary spot in most crowded Chinese cities to sink a cooling glass of Chardonnay.
Indeed, you'd have no shortage of takers to share a tipple. As 21st century China has undergone the most rapid urbanization in history, the country's nouveau riche are taking to wine like never before.
Today, China is the world's ninth-largest wine market by volume and the sixth-largest wine producer. From a base of almost nothing a few years ago, the country boasts more than 400 commercially viable domestic wineries. Meanwhile, the value of wine imports to China is expected to reach US$870-million by 2017, up almost fivefold from US$184-million in 2007.
With such huge growth projected - the size of Asia's wine market, including China, is expected to increase by up to 20% per year for the next five years, compared to less than 1% in the rest of the world.
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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