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China Food Services, Corp. 3rd Quarter Retail Stores Update

Sep. 23, 2010 (PR Newswire) --

BEIJING, Sept. 23 /PRNewswire/ -- China Food Services, Corp. (formally Other OTC: GDHI) http://www.chinafoodservices.com, an international food and beverage distributor specializing in the distribution of U.S., International and national Chinese food & beverage brands to the Chinese market, today announced that the company has a total of 700 retail stores under its distribution umbrella. The company's focus for year-end 2010 is to have 1,000 retail stores where it will establish its DSD direct store delivery method in the Beijing area.

Frank Yglesias CEO of China Food Services, Corp, said, "I want to thank our employees for their commitment and effort in reaching this 3rd quarter goal, and I am honored by their loyalty for working during the mid-autumn festival to make sure our clients have our products on their shelves during the holidays." Additionally Mr. Yglesias stated, "Our focus this year is to reach 1,000 stores, and then 2011 will be to maximize our distribution channel with products that bring value to the bottom line. Our goal for 2011 will be to have a minimum retail sale of $150USD per retail store per month for a total of over $1,000,000USD in sales during year-end 2011."

About China Food Services, Corp.

China Food Services, Corp. owns and operates Golden Dragon Food & Beverage Import & Export Company of Hong Kong, Ltd. in central Hong Kong and Beijing Jin Long Fei International Trading Co., Ltd in China. China Food Services, Corp. has agreements with U.S. food manufacturers. GDHI acts as a buying agent for its Hong Kong subsidiary, 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 Jin Long Fei 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.

SOURCE China Food Services, Corp.

China Food Services, Corp., [phone], [e-mail]




Source: PR Newswire (September 23, 2010 - 1:40 PM EDT)

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