BEIJING, Nov. 23( )/PRNewswire-FirstCall/ -- Golden Dragon Holdings, Inc. (Other OTC: GDHI) www.gdfbhk.com announced a formal corporate update today detailing the status of its product distribution, 3rd quarter 2009 financials and product development initiatives.

GDHI remains committed to increasing its distribution cycle in the greater Beijing metropolitan area; currently we have signed 150 stores in which we have just finished today delivering products to its 100th store. The company has hired 3 sales associates to drive the yearend goal of distributing products to 200 stores. The company estimates that the generated yearly sales of 200 stores will be over $500,000.00USD.

"Growing our product portfolio and our distribution chain is our main focus in bringing increased shareholder value," stated Mr. Frank Yglesias CEO.

On a different note the company is currently working on finishing its consolidation of the 3rd quarter 2009 financials, and concurrently working on its yearend 2009 financials to meet the yearend deadline to file its yearend 2009 financials.

In closing, Mr. Frank Yglesias added that "the yearend is going to be both very exciting and challenging for GDHI as we set the goals and commitments for the new year. I look forward to issuing further updates so that our progress can be efficiently monitored and effectively measured."

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.

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