SOURCE: Stock Market Alerts

September 03, 2009 08:40 ET

Breaking News for Thursday Morning: Dragon Capital Group -- September 3, 2009

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts LLC.

MIAMI, FL--(Marketwire - September 3, 2009) - Stock Market Alert's performance stock list includes: Dragon Capital Group Corp (PINKSHEETS: DRGV), Microsoft (NASDAQ: MSFT), Applied Materials Inc. (NASDAQ: AMAT) and Google Inc. (NASDAQ: GOOG).

Breaking News: Dragon Capital Group (PINKSHEETS: DRGV) subsidiary receives award for technology achievement by Shanghai Municipal Government for development of city gas pipeline risk assessment system. The company recently announced in August that revenue for the first six months of 2009 reached $26.9 million, increasing by 20% from the $22.3 million recorded in the first six months of 2008.

Now the company, a leading holding company of emerging high-tech companies in China, issued a press release yesterday after the markets closed announcing that its subsidiary, Shanghai Yastand Information Technology Company, Limited ("Shanghai Yastand"), has received an award for technology achievement from Shanghai Municipal Government for developing a city gas pipeline risk assessment system. In addition, Shanghai Yastand has renewed its agreement with Shanghai North Gas Company, Limited to fully implement the pipeline risk assessment system which monitors Shanghai North Gas's 5,280-kilometer underground gas pipelines in north metropolitan areas of Shanghai.

Chairman and CEO, Lawrence Wang, stated, "We are very excited about the potential of this technology which we intend to market to numerous metropolitan areas in China. We believe there is a vast untapped market for this technology and we intend to aggressively pursue this opportunity. We intend to actively market our system and technology in over 2,000 metropolitan areas in China in the next few years which could have a substantial positive impact on our company's operating results should we prove to be successful."

The new risk monitoring system will allow Shanghai North Gas Company to monitor any potential breakdown in the underground gas pipelines by detecting gas leakages without the need for additional expenses and works. The new system will provide tremendous economic and environmental benefits by detecting early stage gas leaks enabling quick repair responses to significantly reduce gas losses. Shanghai Yastand developed this system in 2005 and obtained copyrights from National Copyright Bureau of China in 2006.

In August 20, 2009, the company reported announced its financial results for the second quarter ended June 30, 2009. Financial highlights included: Revenue for the second quarter ended June 30, 2009 was $15.0 million, a 27% increase over the $11.8 million recorded in the second quarter of 2008. Cost of goods sold for the second quarter of 2009 were $14.1 million compared to $11.2 million in the second quarter of 2008. Net income from continuing operations for the second quarter of 2009 was $124,500, increasing from the $31,000 recorded in the first quarter of 2009. Net income in the second quarter of 2008 was approximately $215,000. This decrease in net income was largely attributable to an increase in selling expenses as a result of the challenging economic environment.

Revenue for the first six months of 2009 reached $26.9 million, increasing by 20% from the $22.3 million recorded in the first six months of 2008. For the first six months of 2009, net income from continuing operations was $155,400 down from $450,800 in the first six months of 2008 and mainly attributed to higher selling expenses in 2009.

At June 30, 2009, total assets were $14.6 million compared to $15.9 million at December 31, 2008. At June 30, 2009, shareholder equity was $7.1 million and total current assets were $14.3 million with working capital of approximately $7.8 million.

The stock closed yesterday at a Penny a share.

For an in-depth profile of Dragon Capital Group, visit http://www.wallstreetenews.com/view-company-profiles.php?profile=DRGV_072109.

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Microsoft (NASDAQ: MSFT) down 0.5% on 40.7 million shares traded. Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

Applied Materials, Inc. (NASDAQ: AMAT) up 0.3% on 20.9 million shares traded. Applied Materials, Inc. is the global leader in Nanomanufacturing Technology™ solutions with a broad portfolio of innovative equipment, services and software products for the fabrication of semiconductor chips, flat panel displays, solar photovoltaic cells, flexible electronics and energy-efficient glass.

Google Inc. (NASDAQ: GOOG) down 0.6% on 1.8 million shares traded. Google's innovative search technologies connect millions of people around the world with information every day.

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