Mr. Cuenca's visit to the Fenavin Fair was a success. He was able to meet with some of the leading wine manufacturers in
Forecasts
Datamonitor forecasts that the Chinese grape wine market should increase by roughly 7% by 2011. Datamonitor also predicts that fortified wine will maintain its position as the leading category in the total wine market. The fortified wine category is expected to see a year-on-year growth of 3.8% between 2006 and 2011 and account for 62.7% of the total wine market in 2011- a drop of 0.8% compared to a market share of 63.5% in 2006. The Chinese fortified wine market is expected to rise to
Mr. Cuenca will be traveling to
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 Golden Dragon Holdings, Inc.