BEIJING, April 7 /PRNewswire/ -- Golden Dragon Holdings, Inc. (Pink Sheets: GDHI) www.gdfbhk.com, announced that, in a special meeting held on February 18th, 2009 the Board of Directors approved an increase in the authorized share capital of the Company, which now consists of 3,000,000,000 common shares.

The increase in authorized shares was undertaken so that the company would have the proper share structure for the execution of inventory purchases, business acquisitions, and capital growth, designed to bring value to the shareholders. The Board of Directors also approved the issuance of 1,200,000,000 of restricted common shares subject to 144 ruling, to Mr. Frank Yglesias CEO and Mr. Cesar Cuenca President of GDHI. Mr. Yglesias is responsible for all financial, administrative, contractual and corporate agreements, including mergers and acquisitions in China and the USA. Mr. Cuenca, areas of responsibilities are the logistics and information technology divisions of GDHI. Under his guidance, GDHI has installed an in-house 3PL (3rd party logistics) system and a WMS (warehouse management system). Currently he is developing a TMS (transportation management system) module, which is currently under beta testing. This issuance is approved for their dedication and in lieu of their 2007 and 2008 salaries.

Mr. Yglesias CEO stated. "We understand that the shareholder community may be concerned about this increase in our authorized shares. In the end, it is not the authorized that really matters, but the issued and outstanding shares. The company will carefully judge and monitor any increases in the issued and outstanding." In addition, Mr. Yglesias mentioned that, "The ultimate goal of GDHI management is to grow the company's revenue and inventory as quickly as possible. As a public company we strive to be fully transparent and bring value to our shareholders."

SafeHarbor 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.