SOURCE: Dragon International Group Corp.

July 10, 2006 08:30 ET

Analyst at Bridge IR Initiates Coverage of Dragon International Group Corp. With a Speculative Strong Buying Rating

NEW YORK, NY -- (MARKET WIRE) -- July 10, 2006 -- Bridge IR Group has upgraded their equity rating on Dragon International Group Corp. (OTCBB: DRGG) to a speculative strong buy rating with a target price of $0.60 per share. This strong upgrade comes at a time when Dragon International Group undergoes a major expansion and growth stage.

Bridge IR Group is noted for their work with, account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media.

To view the entire independent research report, please click on the attached URL: http://www.bridgeir.com/DRGG_Initiation_Report.pdf

Investment Highlights,

- Striving to create a dynamic integrated company, management seeks to position Dragon to capitalize on the explosive growth in China's packaging industry.

- The company is actively developing various strategies to become a dominant player in the sector through consolidation by acquisitions and the expansion of its sales force.

- Management has been in place since 1997 demonstrating an ability to create substantial growth in revenue as well as profits.

- The company and its subsidiaries have cultivated strategic relationships with several of the world's largest paper and specialty packaging companies, including International Paper Company (IP) and Asia Pulp and Paper Company (APP). The manufacturing facilities include state of the art equipment ensuring production of the highest quality products to their customers, at competitive prices.

- China is the second largest paper and paperboard producing country based on 2003 statistics. Despite ranking second in terms of production only to the US, the per capita consumption in 2003 was only 36 kg, well below developed countries and below the world average of 52 kg. This clearly illustrates the extent of room for growth opportunities that exist in today's Chinese paper and packaging market.

About Dragon International Group Corporation

Dragon International Group Corp. (OTCBB: DRGG) owns 100% interest in Ningbo Anxin International Company, Limited ("Anxin"). Anxin, established in 1997, is located in Ningbo, Zhejiang Province, China, approximately 200 miles south of Shanghai. Anxin is one of China's leading manufacturers and distributors of specialty paper products and packaging materials. Anxin is operating as a manufacturer and distributor of paper and integrated packaging paper products. Anxin, through a subsidiary, holds an ISO9000 certificate and national license to import and export products. In addition to its own operations, Anxin operates four subsidiaries, including: (i) Jiangdong Yonglongxin Special Paper Company, Limited, (ii) Hangzhou Yongxin Paper Company, Limited, (iii) Ningbo Xinyi Paper Product Industrial Company, Limited, and (iv) Xianyang Naite Research & Development Center. Anxin has a distribution network covering east and central China. Dragon and its subsidiaries have cultivated strategic relationships with several of the world's largest and well-known manufactures of paper and specialty packaging products. For more information, please visit http://www.drgg.net.

Safe Harbor Statement

Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets.

Contact Information

  • Contact
    Dragon International Group Corp.
    Telephone: 1-877-China-57
    Email: info@drgg.net