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GHN Agrispan Signs Agreement with Internationally Recognized Fortune 100 Retail Giant in China

^{Published on 2010-09-23 13:30:37 - Market Wire}
 

XIAMEN, China--([ BUSINESS WIRE ])--GHN Agrispan Holding Company (OTCBB:GHNA), an emerging company engaged in Chinaa™s high-growth agriculture, prepared foods and catering industries, today announced that it has signed a supplier agreement with an internationally recognized Fortune 100 retail giant in China.

"We are very excited to announce an agreement with a Fortune 100 enterprise"

The supplier agreement, signed July 29, 2010 allows GHN Agrispan, upon receipt of a purchase order, to sell certain of its products to the retail giant for resale at the retailera™s locations throughout the PRC. The agreement has an initial term of one year and, so long as neither party provides written termination, the agreement automatically renews for consecutive one year periods.

aWe are very excited to announce an agreement with a Fortune 100 enterprise,a commented Ms. Xu Yizhen, CEO of GHN Agrispan. aAs one of the most highly-respected international corporations in mainland china, we are pleased to provide this retailer with our fresh agricultural products and prepared foods. We hope this partnership will flourish over the next several years, and we expect to generate substantial growth as we roll out new products and services that expand and deepen our relationships with this clienta™s customer base in China.a

Ms. Yizhen continued, aAfter years of deploying best-of-industry practices, we have positioned GHN Agrispan to capitalize on Chinaa™s growing middle class and their increasing desire for quality food products that are free of toxins and pollutants and provide a healthy alternative to heavily processed foods. We look forward to providing our investors regular news about our growing operations in China, in addition to any updates on our relationship with this Fortune 100 enterprise.a

For more information on specific terms of this agreement, please refer to GHN Agrispana™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/1472688/000101968710003445/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 agriculture, prepared foods and catering industries in China. GHN Agrispan has positioned itself to capitalize on Chinaa™s burgeoning middle class through an increasing desire for healthy food products that are free of toxins and pollutants, as well as the Chinaa™s booming catering industry, which is currently experiencing growth in the double digits. GHN Agrispana™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 Agrispana™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 Agrispana™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 Agrispana™s operating results, liquidity and financial condition or otherwise cause GHN Agrispana™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 Agrispana™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 Agrispana™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 Agrispana™s assumptions, estimates or projections.