Golden Dragon Holdings, Inc. Announces Inventory and Distribution Update

BEIJING and MIAMI, March 24 /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 and International food & beverage brands to the Chinese market, today announces its update on inventory and distribution in Beijing.  During the month of March the company completed the shipment of 3 containers to China, 2 of the containers are food and beverages from the USA and the 3rd is our wine from Spain.  All 3 containers are estimated to arrive in the port of Tianjin by mid April.  The estimated retail value is over $200,000USD.

Mr. Frank Yglesias, CEO stated, "Our goal is to grow our inventory levels to over $750,000USD during this year; 70% of our private funding will be used for inventory growth.  Additionally, 70% of our income that we generate this year will also be reinvested in inventory for resale.  Our goal is simple: increase our inventory levels and aggressively sell and market these products."

Additionally, last week the company finished the administrative process of adding its product SKU's into the Vanguard Supermarket inventory management system.  This week we have commenced distributing products to 5 vanguard supermarkets out of the 46 supermarkets in Beijing.  The company also has concurrently started a product awareness campaign for the Vanguard Supermarket Managers, to make them knowledgeable about the products and brands we represent.

Mr. Eddie Gao, Manager stated, "The 2nd quarter will be a very challenging one for our team in Beijing; we must push the limits of our company to maintain distribution satisfaction and increase our sales volume to meet the demands that management has placed on us."

In closing, Mr. Cesar Cuenca is currently back in Spain negotiating our 2nd container of wine to ship out in the next few weeks.  He is also attending the Alimentaria 2010 food and wine convention in Barcelona, http://www.alimentaria-bcn.com/en/.  The company has recently had a growing demand for European Gourmet foods for the hotel industry in Beijing, and we are eager to be the leaders in this niche.

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.