Golden Dragon Holdings Announces Current Information Status on the PINKSHEETS
On 8:39 am EST, Wednesday November 4, 2009
BEIJING, Nov. 4 /PRNewswire-FirstCall/ -- Golden Dragon Holdings, Inc. (Other OTC: GDHI - News) www.gdfbhk.com is pleased to have completed the process for the Company to obtain "PS" status on PINKSHEETS. The company has filed all necessary disclosure and financial documents of information with PINKSHEETS, enabling GDHI to be fully transparent. The Board of Directors has moved to continue this level of full transparency in order to be quoted as "CURRENT INFORMATION" on "PINKSHEETS.COM."
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Frank Yglesias, GDHI CEO, said, "We are very excited to have achieved this goal of PS status on PINKSHEETS, and we are continuing our commitment to strive to reach each and every goal we set by the end of 2009."
About Golden Dragon Holdings, Inc.
Golden Dragon Holdings, Inc. (PINKSHEETS: GDHI - News) is a publicly traded company that owns and operates Golden Dragon Food & Beverage Import & Export Company of Hong Kong, Ltd. (GDHK) in central Hong Kong and Beijing Flying Golden Dragon International Trading Co., Ltd in China (BFGD). Golden Dragon Holdings, Inc. has agreements with U.S. food manufacturers. GDHI acts as a buying agent for GDHK, negotiating vendor contracts and services with U.S. food and beverage industry partners. 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. Through this arrangement, Beijing Flying Golden Dragon International Trading Co., Ltd distributes some of the most popular U.S. food and beverage brand products directly into the hypermarkets, supermarkets and convenience stores in China. The Company is responsible for order fulfillment for its clients in China, as well as providing advertising and promotion (A&P) services for its U.S. 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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