SOURCE: Golden Dragon Holdings, Inc.

July 09, 2008 17:35 ET

Golden Dragon Holdings, Inc. (GDHI) Signs Shipping & Logistic Agreement With CMA CGM Group

MIAMI, FL--(Marketwire - July 9, 2008) - Golden Dragon Holdings, Inc. (PINKSHEETS: GDHI) has signed a commercial shipping and logistic contract with CMA CGM Group.

"CMA is the best equipped and most respectable shipping company dealing in China today. Their reputation and professionalism is why we are honored to announce that they will represent GDHI in all its shipping and logistical transportation from the U.S. to China," states Mr. Cesar Cuenca, C.O.O. Golden Dragon Holdings, Inc.

CMA CGM Group

A world leader in container shipping, ranking first in France and third worldwide, CMA CGM has become an international operator serving maritime shipping routes around the world with door-to-door services that combine maritime shipping with rail, river and highway transport. This robust expansion was powered by a bold strategy and sustained capital spending. The Group has built its success on the strong values of quality, innovation, imagination and anticipation. It is an international giant, specializing in shipping and modern logistics, serving as a shipping agency and providing services in freight forwarding, shipbuilding, ship repairing, terminal operation, trade, financing, and IT.

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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