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GHN Agrispan Signs $660,000 in New Contracts
GHN Agrispan Signs $660,000 in New Contracts
Total of Three New Contracts Anticipated to Enhance GHN's Catering
Division Revenues by an Aggregate of $660,000 Over the Next Year
Oct. 26, 2010 (Business Wire) -- GHN Agrispan Holding Company (OTCBB: GHNA), an emerging company engaged in China’s high-growth prepared foods industry, today announced that it has signed $660,000 worth of new catering contracts in China.

According to the agreements, GHN Agrispan will provide high quality catering services for each of its three new customers for approximately 2,000 aggregate employees. Two of the three contracts are for terms of six months, while the third contract is for a one-year term. The clients represent various industries and enterprises in mainland China.

“We are pleased to sign three additional contracts for a combined $660,000,” said Ms. Xu Yizhen, CEO of GHN Agrispan. “Following the recent announcement of our $720,000 contract last week, these contracts will further enhance our catering division revenues over the next year, as we make additional inroads in China’s high-growth prepared food and catering industries.”

As per the specific terms of the new catering contracts, GHN Agrispan will supply a combination of meat dishes, vegetable dishes, soups and/or late night meals to round out its all-natural and healthy catering services. The three agreements expire in February, April and August of 2011, respectively, but may be terminated earlier by either party in the event of breach.

“GHN Agrispan looks forward to expanding the reach of our services while our sales team continues to execute on our enhanced growth initiatives,” added Ms. Xu.

For more information on specific terms of these three new agreements, please refer to GHN Agrispan’s recently filed 8-K by searching for the filing on the SEC website at www.sec.gov, or by navigating directly to the 8-K using the following link: http://www.sec.gov/Archives/edgar/data/1472688/000101968710003787/ghn_8k.htm

About GHN Agrispan Holding Company

Based in Xiamen City, China, GHN Agrispan Holding Company (OTCBB: GHNA) is an emerging Chinese operating company engaged in the high-growth prepared foods industry in China. GHN Agrispan has positioned itself to capitalize on the demands of China’s bourgeoning middle class for healthy food products that are free of toxins and pollutants, as well as the China’s booming catering industry which is currently experiencing growth in the double digits. GHN Agrispan’s catering group is recognized as one of the most reputable catering services in Xiamen. The company places a strong emphasis on food safety, selling its premium products and services to target clients including US Fortune 500 companies, European multi-national firms, as well as established Chinese private enterprises and government institutions such as banks and schools. In addition, the output from the GHN Agrispan’s fresh fruit, vegetables and other planting bases is purchased by major national supermarkets and first-tier wholesalers in developed cities throughout China.

For more information please visit the website for GHN Agrispan’s wholly-owned subsidiary, Yidong Group: www.ghnagrispan.com/en.

Forward-Looking Statements

This release contains "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that can affect GHN Agrispan’s operating results, liquidity and financial condition or otherwise cause GHN Agrispan’s actual results to differ materially from those forecasted. Such factors include risks associated with economic, weather, public health and other factors affecting consumer spending, including negative changes to consumer confidence and other recessionary pressures, higher energy and labor costs, the successful implementation of GHN Agrispan’s growth strategy, including the ability of GHN Agrispan to finance its expansion plans and the mix and pricing of goods sold. The identified risk factors and other factors and risks that may affect GHN Agrispan’s business or future financial results are detailed in its filings with the Securities and Exchange Commission. These cautionary statements qualify all of the forward-looking statements GHN Agrispan makes herein. GHN Agrispan cannot assure you that the results or developments anticipated by it will be realized or, even if substantially realized, that those results or developments will result in the expected consequences for it or affect it, its business or its operations in the way it expects. GHN Agrispan cautions you not to place undue reliance on these forward-looking statements, which speak only as of their respective dates. GHN Agrispan does not undertake an obligation to update or revise any forward-looking statements to reflect actual results or changes in the GHN Agrispan’s assumptions, estimates or projections.




Company Contact:

GHN Agrispan Holding Company

Kenneth Ma, Executive Director

[phone]

or

Financial Communications Contact:

Trilogy Capital Partners

Darren Minton, President

Toll-free: 800-592-6067

[e-mail]






Source: Business Wire (October 26, 2010 - 8:01 AM EDT)

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