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GDHI - News out...

Golden Dragon Holdings, Inc. Notice of Retirement of 100,000,000 Shares of Common Stock

2010-02-18 09:03 ET - News Release

BEIJING and MIAMI, Feb. 18 /PRNewswire-FirstCall/ -- Golden Dragon Holdings, Inc. (Other OTC: GDHI) http://www.gdfbhk.com an international food and beverage distributor specializing in the distribution of US food & beverage brands to the Chinese market, today announced that pursuant to its year-end 2009 Board of Directors meeting, held on January 9th, 2010 whereas the Board voted by unanimous decision to retire 1,000,000,000 shares of common stock in a 6 month period, today it has issued a Board resolution to its transfer agent, Guardian Registrar & Transfer, Inc. to immediately retire 100,000,000 shares of common stock, this will total to date 500,000,000 shares of common stock that has been retired.

Mr. Frank J. Yglesias, CEO stated, "This is part of our ongoing commitment in retiring 1,000,000,000 shares of common stock by midyear 2010, we urge our shareholders to feel free to call our transfer agent to confirm this transaction".

About Golden Dragon Holdings, Inc.

Golden Dragon Holdings, Inc. 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.

SOURCE Golden Dragon Holdings, Inc.