EXHIBIT 99.1

COMPANY PRESS RELEASE
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SOURCE: SGD HOLDINGS, LTD.

               SGD HOLDINGS, LTD. FILES FOR BANKRUPTCY PROTECTION

ADDISON, TX (PR NEWSWIRE)-JANUARY 20, 2005- SGD HOLDINGS, LTD. (OTCBB:SGDD),
("SGD") announced today that it has filed a voluntary petition for
reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States
Bankruptcy Court for the District of Delaware. Chapter 11 allows a company to
continue operating in the ordinary course of business and to maximize recovery
for the company's stakeholders. The filing will enable the company to continue
to conduct business as usual while it develops a reorganization plan.

ABOUT SGD HOLDINGS, LTD.

SGD Holdings, Ltd., through its subsidiary, is a wholesaler of fine jewelry,
offering both gold and silver jewelry to retailers throughout the United States.

Safe Harbor Act Disclaimer: This release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Act of 1934 that are based upon current expectations or
beliefs, as well as a number of assumptions about future events. Although the
Company believes that the expectations reflected in the forward-looking
statements and the assumptions upon which they are based are reasonable, it can
give no assurance that such expectations and assumptions will prove to have been
correct. The reader is cautioned not to put undue reliance on these
forward-looking statements, as these statements are subject to numerous factors
and uncertainties, including without limitation, the independent authority of
the special committee to act on the matter discussed, the successful negotiation
of the potential acquisition and disposal of transactions described above,
successful implementation of the Company's business strategy and competition,
any of which may cause actual results to differ materially from those described
in the statements. In addition, other factors that could cause actual results to
differ materially are discussed in the Company's most recent Form 10-KSB filings
with the Securities and Exchange Commission.


For more information, contact:
SGD HOLDINGS, LTD.
ATTN: TERRY WASHBURN
PHONE: (817) 675-4319