SOURCE: Golden Dragon Holdings, Inc.

July 01, 2008 09:00 ET

Breaking News: Golden Dragon Holdings, Inc. Starts Trading Stock Symbol O.T.C. GDHI

MIAMI, FL--(Marketwire - July 1, 2008) - Golden Dragon Holdings, Inc. (www.gdfbhk.com) is proud to announce that effective immediately, the Company's shares are publicly trading under stock symbol (PINKSHEETS: GDHI). The company is pursuing growth opportunities in the high demand of U.S. staple foods in China.

China's Retail Supermarket Outlook

China is now the 4th largest food importer in the world (after the EU, USA, and Japan), expected to be number 2 by 2020, and the 4th largest market for U.S. agricultural exports (after Canada, Mexico, and Japan).

China's retail supermarket sales for 2006 have reached over $217 billion dollars; has China's demand for food reached a "critical mass" where market opportunities are starting to multiply?

Mr. Yglesias, CEO, stated, "We would like to start by welcoming our shareholders and the investment community to Golden Dragon Holdings. We are USA food and beverage distributor for the Chinese market. Our mission statement is simply to become the most proficient distributors of USA food and beverage staple products in China."

For additional information please visit our corporate site at www.gdfbhk.com

About Golden Dragon

Golden Dragon Holdings, Inc. (GDHI) is a USA publicly traded company that owns and operates Golden Dragon Food & Beverage Import & Export Company of Hong Kong, Ltd. (GDHK) in central Hong Kong. Golden Dragon Holdings, Inc. has agreements with USA food manufacturers. GDHI acts as a buying agent for GDHK, negotiating vendor contracts and services with USA food and beverage industry partners. The company purchases goods and services directly from Golden Dragon Holdings, Inc. 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. We distribute some of the most popular USA food and beverage brand products directly into the hypermarkets, supermarkets and convenience stores in China. We are responsible for order fulfillment for our clients in China, as well as providing advertising and promotion (A&P) services for our USA food and beverage products.

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.

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