Golden Dragon Holdings, Inc. Announces a $960,000USD Private Funding

BEIJING and MIAMI, Feb. 16 /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, announced today that the Company has entered into a private, non-brokered funding arrangement.  No terms of the financing were disclosed, including the identity of the financial investment firm, but Mr. Frank Yglesias, CEO of the Company stated that the financial group was a non-affiliated, existing shareholder. In addition, the confidence of this financial investment firm in the future of GDHI, includes the acquisition of two years warrants exercisable at a strike price of $0.025, a price in excess of the current trading price.

Mr. Yglesias added that the Company will use the proceeds to purchase and ship its first container of wine from Spain and France and to ship its third container of food to China. All products are for resale into the Chinese market and both containers will be shipped within the next few weeks.  The Company will also use a portion of the funds to pay entrance fees into several very important supermarkets chains in the Beijing's market, Carrefour, Metro AG, Lotus Supermarket, Wu-Mei, Wal-Mart, and Jinkinlong Supermarkets.  The remaining funds will be used to build inventory, purchase delivery vehicles and to expand the Company's China operation. Mr. Yglesias explained that with these shipments, made possible by the infusion of new capital, the Company will embark on an aggressive drive to expand sales, which, he concluded, will result in a significant increase in cash flow of the China operations, hopefully to a point of a positive a cash flow position.

Mr. Frank Yglesias CEO stated, "This private funding will allow us to concentrate and focus exclusively on operations and growing the Company throughout the coming year. It also demonstrates the commitment and faith that this funding group has in the Company, its management, and potential for profitability."

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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