SOURCE: Wall Street News Alert

July 26, 2005 09:43 ET

Wall Street News Alert: DRGG, Tuesday's Hot Stock to Watch!

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

WESTON, FL -- (MARKET WIRE) -- July 26, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Dragon International Group Corp. (OTC BB: DRGG), Motorola (NYSE: MOT), Discovery Holding Company (NASDAQ: DISCA) and LSI Logic Corporation (NYSE: LSI).

Dragon International Group Corp. (OTC BB: DRGG) should be appearing on the radar screen of aggressive investors and day traders! Yesterday after the stock markets closed, the company issued a press release announcing that it has secured financing in excess of $1,900,000.

News of the financing should be welcomed by investors, as the company intends to execute its acquisition strategy! David Wu, CEO of Dragon International, stated, "Our management team is focused on the primary initiative to capture a growing share of the specialty paper packaging industry via internal expansion and external acquisitions. The Company is entering into a broader range of end markets, through its facility expansion and previously announced strategic acquisitions. Management believes that this strategy will lead to significant growth in revenues and expansion of profit margins and bottom line results. We anticipate increased market acceptance as we continue to demonstrate the intrinsic value of Dragon's products and services."

Watch this company! According to the company's press release, Dragon International Group Corp. is one of China's leading manufacturers and distributors of specialty paper products and packaging materials. The company intends to increase its market share of this rapidly expanding industry through internal expansion as well as through strategic acquisitions. Management believes that the company is on track to achieve its fiscal 2006 revenue goal coupled with a significant ramp in profitability.

Investors should continue to monitor the progress of Dragon International for further developments! The company's release states that the company completed an offering of its 8% Secured Convertible Debentures due on or before July 2007 and that the notes are convertible into the company's common stock at prices ranging between $0.20 and $0.55 depending upon certain conditions.

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

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

Stocks showing interesting activity yesterday at the close of the regular trading day were: Motorola (NYSE: MOT) up 2.7% on 40.9 million shares traded, Discovery Holding Company (NASDAQ: DISCA) down 6.2% on 11.1 million shares traded and LSI Logic Corporation (NYSE: LSI) down 3.2% on 9.2 million shares traded.


"China said that it would no longer peg the yuan to the dollar and let it float, which saw a +2% gain in the yuan Monday. Analysts say this move could lead to a decline in the dollar and upward pressure on long-term interest rates," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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