SOURCE: Wall Street News Alert

July 28, 2005 08:37 ET

DRGG Still on the Move: Signs New Contract Valued at $3.6 Million!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- July 28, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Dragon International Group Corp. (OTC BB: DRGG), General Electric Company (NYSE: GE), Lucent Technologies (NYSE: LU) and Yahoo! Inc. (NASDAQ: YHOO).

Once again, Dragon International Group Corp. (OTC BB: DRGG) may be appearing on the radar screen of aggressive investors and day traders! Yesterday after the stock markets closed, the company, one of China's leading manufacturers and distributors of a wide variety of specialty paper products and packaging materials, issued a press release announcing that it has recently entered into a new contract with Yantai Hongyu Packaging Material Company, Limited.

News of the new agreement should be welcomed by investors, as the company anticipates substantial revenue from the contract! Under the terms of the agreement DRGG will supply 500 tons of duplex paper board and white paper board per month. According to the company's press release, the contract is valued at approximately US$3.6 million per year.

Watch this company! Chairman and CEO, David Wu, stated, "We are very pleased with this new contract. This new order along with our recent orders for $2 Million USD from the Jiangsu Dare Group and $2.2 Million USD from Red Gold Dragon further demonstrates our desire to become a leading supplier of cigarette paper and packaging. China is the largest cigarette consuming country in the world."

Investors should continue to monitor the progress of Dragon International for further developments! Mr. Wu further states, "These new orders are a reflection of the quality of the company's products. Given our ability to access the US capital markets, management believes we can improve our financial performance substantially in the coming fiscal year. We are well poised to continue and accelerate our growth for years to come. The growth will come from both external acquisitions and internal growth."

For updated in-depth coverage and a company profile of Dragon International, visit

Prior to yesterday's press release, the stock closed at Twenty-Eight cents a share.

In case you are not familiar with the company: Dragon International Group Corp. owns 100% ownership interest of Ningbo Anxin International Trade Co. Ltd. ("Anxin"). Anxin is located in Ningbo, Zhejiang Province, China and is one of China's leading manufacturers and distributors of a wide variety of specialty paper products and packaging materials. Anxin operates one subsidiary, Yonglongxin, a manufacturing facility located in Ningbo, and Anxin holds an ISO90000 certificate and national license to import and export its product line globally. The company and its subsidiary have cultivated strategic relationships with several of the world's largest and well-known manufacturers of paper and specialty packaging products.

Stocks showing interesting activity yesterday at the close of the regular trading day were: General Electric Company (NYSE: GE) up 0.2% on 16.6 million shares traded, Lucent Technologies (NYSE: LU) up 5.5% on 57.5 million shares traded and Yahoo! Inc. (NASDAQ: YHOO) up 0.4% on 20.5 million shares traded.


"The Beige Book, a monthly look at the economy by the Fed, showed that the economy is doing fine in spite of rising interest rates and the high cost of energy. Annual growth is expected to slow slightly from the 3.8% previously noted, factory managers are reporting good results, and the overall news from the different sectors was upbeat, much better than in June when several sectors were off," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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