SOURCE: Wall Street News Alert

August 04, 2005 08:32 ET

Breaking Market Alert for Thursday!

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

WESTON, FL -- (MARKET WIRE) -- August 4, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Dragon International Group Corp. (OTC BB: DRGG), Sun Microsystems, Inc. (NASDAQ: SUNW), Reebok International Ltd (NYSE: RBK) and Microsoft (NASDAQ: MSFT).

Once again, Dragon International Group Corp. (OTC BB: DRGG) may be appearing on the radar screen of aggressive investors and day traders this morning! 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 acquired a 60% stake in Hangzhou Yongixn Paper Company, Limited ("Yongxin").

News of the acquisition should be welcomed by investors, as the company anticipates added revenue from the transaction! According to the company's press release, Dragon will consolidate Yongxin's operations in its new manufacturing facilities in Ningbo. Management estimates that the acquisition should serve to double annual revenues of packaging materials from the current base of $8 million to approximately $16 to $20 million per year. Furthermore Dragon expects to realize additional efficiencies by consolidation operations. Dragon will take advantage Yongxin has attained an excellent client base, that, to broad its offerings and sales of its paper packaging products.

Watch this company! Mr. Wu concluded, "This acquisition is proof of our commitment to increase shareholder value. We believe that the dynamic increases taking place in the industry in China offers Dragon a tremendous growth opportunity in the coming years. Presently we are evaluating more acquisition candidates as we aggressively pursue our acquisition plan to consolidate the paper packaging industry in China."

Investors should continue to monitor the progress of Dragon International for further developments! Last week, the company announced that it entered into a new contract with Yantai Hongyu Packaging Material Company, Limited. According to the company's press release, the contract is valued at approximately US$3.6 million per year.

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

Prior to yesterday's press release, the stock closed at Twenty-Nine 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: Sun Microsystems, Inc. (NASDAQ: SUNW) down 0.7% on 38 million shares traded, Reebok International Ltd (NYSE: RBK) up 30% on 17.2 million shares traded and Microsoft (NASDAQ: MSFT) up 1.6% on 139.8 million shares traded.


"The markets on Wednesday were trading relatively flat in the last hour of activity as oil neared record highs but backed off at the close and the Nasdaq and the S&P 500 hit 4-year highs during the day," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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