California Grapes International, Inc (CAGR)

[Serenity]

Golden Dragon Holdings, Inc. Signs Distribution Agreement With Haorizi Trade Corporation

* Press Release
* Source: Golden Dragon Holdings, Inc.
* On Thursday August 20, 2009, 8:00 am EDT

o
Buzz up! 0
o Print

BEIJING, Aug. 20 /PRNewswire-FirstCall/ -- Golden Dragon Holdings, Inc. (Other OTC: GDHI - News) www.gdfbhk.com announces that it has signed a distribution and logistics agreement with the Haorizi Trade Corporation www.haorizi.com, a subsidiary of Good Life China. Under this agreement, GDHI will commence the sales and marketing of its products in over 500 convenience stores operated by Haorizi in Beijing.

"We are excited about the partnership with Haorizi; they have tremendous strength and experience in the food and beverage distribution and logistics industry in China. With this partnership we can focus on promoting our products and driving sales which is our true core competency," stated Mr. Frank Yglesias CEO.

About Haorizi

Haorizi Trade Corporation (HTC) was established in 1998. Its major business is to provide IT and logistics service for short-term consuming products providers and retailers. Haorizi is one of most successful and fastest growing chain of Convenience Stores in rural areas of Hebei Province, China.

The Company has enjoyed meteoric growth rates over the last 10 years, growing from a mere 8 stores in 1999 to almost 1,600 in 2007, becoming the largest chain store network of convenience stores serving more than 2.4 million people in the rural areas of China.

The Company expects to continue rapid expansion of its retail footprint through the next several years, and plans to begin launching stores in large urban areas beginning in 2008. Current plans call for the Company to expand to 2,200 franchised stores in 2008, and reach upwards of up to 15,000 locations by the end of 2010.

Net Profit is currently projected to exceed the fiscal plan of $2.29 million USD for the 2007 fiscal year by a significant margin, and increase to over $25 million USD by 2011.

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.