BEIJING -- (Marketwire) -- 12/18/08 -- Golden Dragon Holdings, Inc. (PINKSHEETS: GDHI) (www.gdfbhk.com) (the Company) has finished installing its RF (Radio Frequency) module on its WMS (Warehouse Management System) platform. The Company has been designing this module for the past 6 months with software developers in China. The RF module will be used with RF handheld infrared scanners to effectively control the inventory in the Beijing warehouse and in supermarkets where the company has products on consignment.

Mr. Cuenca COO stated, "We need to precisely manage our inventory and have this information on our fingertips. This will allow us to ship orders quickly, remotely control the inventory in some of our supermarkets, and accurately and efficiently manage our inventory. This is the heart of our operations, we will constantly be enhancing our WMS system to simplify and or automate productivity."

The WMS software is also a key component to the Company's efforts to build a regional distribution franchise system. Under the Company's franchise distribution system, the Company will award franchises for various regions in China and eventually throughout Asia. In addition to regional product exclusivity, Golden Dragon will give these franchisees support with advertising, product promotion and logistic services. This franchise model will not only create 4 separate revenue streams (products sales, advertising and promotion, logistic services and royalties), but it will allow the Company to control data, quality and marketing.

About Golden Dragon

Golden Dragon Holdings, Inc. (PINKSHEETS: GDHI) is a publicly traded company that owns and operates Golden Dragon Food & Beverage Import & Export Company of Hong Kong, Ltd. (GDHK) in central Hong Kong and Beijing Flying Golden Dragon International Trading Co., Ltd in China (BFGD). Golden Dragon Holdings, Inc. has agreements with U.S. food manufacturers. GDHI acts as a buying agent for GDHK, 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 Flying Golden Dragon 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.