April 13, 2010 (FinancialWire) — Golden Dragon Holdings, Inc. (OTC: GDHI), a food and beverage distributor specializing in the distribution of U.S. and international brands to the Chinese market, said it has changed its corporate name to China Food Services, Corp.

In a statement, the company said it believes that this new name change will more accurately and effectively represent the services and business model of the company.

It added that the corporate name change will not affect the validity or transferability of any existing stock certificates that bear the Golden Dragon Holdings, Inc. name, and that the company's current share structure will remain unchanged.

Florida-based China Food Services owns and operates Golden Dragon Food & Beverage Import & Export Co. 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 subsidiaries, 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 with China. Through this arrangement, Beijing Jin Long Fei International Trading Co., Ltd distributes popular U.S. food and beverage brand products directly into the hypermarkets, supermarkets and convenience stores in China.

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