Golden Dragon Holdings, Inc. Notice of Retirement of 1 Billion Shares of Common Stock
January 15 2010 - 4:05PM
PR Newswire (US)
BEIJING, Jan. 15 /PRNewswire-FirstCall/ -- Golden Dragon Holdings,
Inc. (Other OTC: GDHI - News) http://www.gdfbhk.com/ an
international food and beverage distributor, today announced that
during the yearend Board of Directors meeting, held on January 9th,
2010 the Board voted by unanimous decision to retire 1,000,000,000
shares of common stock. The Board will immediately retire
400,000,000 million shares of common stock and public confirmation
can be made from our Transfer Agent Guardian Registrar &
Transfer, Inc. Additionally, every month on the 15th the board will
retire 100,000,000 million share for the next 6 months to reach the
total retired value of 1,000,000,000 shares of common stock. Mr.
Frank J. Yglesias stated, "This is a positive step forward in
improving the company's overall capital share structure and bring
value to our shareholders." About Golden Dragon Holdings, Inc.
Golden Dragon Holdings, Inc. 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. DATASOURCE: Golden Dragon
Holdings, Inc. CONTACT: Golden Dragon Holdings, Inc.,
+1-888-889-8185, Web Site: http://www.gdfbhk.com/
Copyright