SOURCE: Golden Dragon Holdings, Inc.

July 08, 2008 16:05 ET

Golden Dragon Holdings, Inc. (GDHI) Distribution Agreement With Goya Foods, Inc.

MIAMI, FL--(Marketwire - July 8, 2008) - Golden Dragon Holdings, Inc. (PINKSHEETS: GDHI) (www.gdfbhk.com), a distributor of USA stable foods to China, is proud to announce today that it has reached a distribution agreement with USA food giant Goya Foods, Inc. to distribute the Goya products in China.

Mr. Yglesias, CEO, stated, "Today marks a milestone in our corporate history as we have come to a final agreement with Goya Foods to distribute their products in China. For nearly a century Goya has been producing and distributing high quality food products to the US and the Latin America markets. Goya was ranked amongst one of the USA's biggest companies by Forbes."

About Goya Foods

Goya Foods, founded in 1936, is a food and beverage manufacturer and distributor. Goya's products include more than 1,200 varieties of beans, rice, rice mixes, spices, frozen foods, olives, olive oils and packaged meals, totaling over 3,000 offerings under the Goya Foods label. More than 2,500 Goya employees worldwide produce products that are available in supermarket chains throughout the United States.

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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