BEIJING, Aug. 18 /PRNewswire-FirstCall/ — Golden Dragon Holdings, Inc. (Other OTC: GDHI - News)www.gdfbhk.com announces that it has already delivered products to 50 convenience stores in the metropolitan area of Beijing, ahead of its projected goal for 3rd quarter end 2009. The company’s projected quarterly sales revenue for 50 convenience stores is $30,000USD. The company is committed in reaching its year end goal of 200 convenience stores.

“We have made tremendous progress in signing and distributing products to these convenience stores. In addition, we have also started restocking products to our first group of stores. We expect accelerated growth by year end 2009. We are focused and committed to signing on 200 convenience stores by year end 2009,” stated Mr. Frank Yglesias, CEO.

About Golden Dragon Holdings

GDHI owns and operates Golden Dragon Food & Beverage Import & Export Company of Hong Kong, Ltd. in central Hong Kong and Beijing Jin Long Fei International Trading Co., Ltd in China. Golden Dragon Holdings, Inc. has agreements with U.S. food manufacturers. GDHI acts as a buying agent for its Hong Kong subsidiary, 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 Jin Long Fei 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.