SOURCE: Golden Dragon Holdings, Inc.

July 08, 2008 10:00 ET

Golden Dragon Holdings, Inc. (GDHI) Files Initial Company Information and Disclosure Statement

MIAMI, FL--(Marketwire - July 8, 2008) - Effective immediately, Golden Dragon Holdings, Inc. (PINKSHEETS: GDHI) (www.gdfbhk.com) filed today its Disclosure Statement with the Pink Sheets Electronic OTC Markets. The Statement is a complete disclosure of the business, management, material agreements, capitalization and financial condition of the company, current through the most recent reporting period of March 31, 2008. Investors may view this filing on www.pinksheets.com.

"We are also pleased to announce that the company has filed an 8-K with Edgar online as well as the disclosure statement with Pink Sheets," stated Mr. Yglesias, CEO. "We are committed to providing adequate information to our shareholders. We welcome all past, current and future shareholders to visit us online (www.gdfbhk.com) or go to the following web site to view the disclosure statement."

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=gdhi

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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