About Golden Dragon Holdings, Inc. (OTC: GDHI)
Golden Dragon Holdings, Inc. is a 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 Flying Golden Dragon International Trading Co., Ltd. in China (BFGD). Golden Dragon Holdings, Inc. has agreements with U.S. food manufacturers. GDHI acts as a buying agent for GDHK, negotiating vendor contracts and services with U.S. food and beverage industry partners. Grocery retail sales in China are now over $71 billion dollars a year.
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 Flying Golden Dragon 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.
Recent Growth
The Company is in a growth mode, building a global food and beverage distribution company. Additional retailers are being acquired and the product offering is being expanded.
Wine Distribution: GDHI has recently announced that it has entered into various agreements with eight 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. In addition the Company has supplies 35 retail convenience stores.
B2B Web Portals: GDHI has initiated a B2B store in China's largest business-to-business portals www.alibaba.com, www.21food.com &www.EC21.com China's B2B marketing sector. The company's strategy is to expose the products it currently represents, and enroll distributors throughout China, S. Korea, Japan and Singapore and sell directly to consumers through the online store.
Mini Supermarkets Beijing: The Company has independent commitments with over 50 mini-supermarkets in Beijing. It is estimated that in the Beijing metropolitan area, there are more than 3,000 mini-supermarkets/convenience stores, the majority of which are opened 24 hours. The company estimates that for year end 2009 the sales revenue generated in the mini-supermarket/convenience store sector will be above $125,000USD, for year end 2010 the sales revenue for this sector will be above $500,000USD and increase sales revenue in this sector of over 300.
Distribution Agreements
Distribution Agreements Distribution agreements provide access to over 10,000 grocery items to market and represent in China.
Agreements currently exist with:
- GOYA Foods, Inc.
- Eden Foods, Inc.
- Jump Innovations, LLC
- Bodegas Regalia de Ollaur
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