BEIJING, June 11 /PRNewswire-FirstCall/ -- Golden Dragon Holdings, Inc. www.gdfbhk.com (Pink Sheets: GDHI) is pleased to announce it has commenced distribution of its products to 45 mini-supermarkets in the metropolitan area of Beijing. The company has independent commitments with over 50 mini-supermarkets in Beijing. It is estimated that in the Beijing metropolitan area, there are more than 3,000 mini-supermarkets/convenience stores, the majority of which are opened 24 hours. The company estimates that for year end 2009 the sales revenue generated in the mini-supermarket/convenience store sector will be above $125,000USD, for year end 2010 the sales revenue for this sector will be above $500,000USD and increase sales revenue in this sector of over 300.

Mr. Frank Yglesias CEO stated, "Our distribution channels in the metropolitan area of Beijing is coming along extremely efficiently, we are very excited to be placing products on the shelves of these 45 convenience stores. Propelled by Beijingers' improving housing conditions and the rapid development of urban residential communities, the demand for convenience stores has surged and we want our products to be readily available to the consumers."

Beijing's Retail Sales Up 12.6% in Q1-2009

According to Beijing Statistics Bureau, as a result of stimulation by a series of domestic demand expanding and consumption promoting measures, Beijing's retail sales in the first quarter of 2009 reached CNY122.12 billion, an increase of 12.6% compared with the same period of last year. During the period, Beijing's retail sales of food were CNY32.77 billion, a year-on-year increase of 12%.

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.