SOURCE: Dragon Capital Group Corp.

February 06, 2007 08:30 ET

Bridge IR Group Upgrades Rating of Dragon Capital Group Corp. to a Speculative Strong Buy With a Target Price of $0.40 per Share

NEW YORK, NY -- (MARKET WIRE) -- February 6, 2007 -- Bridge IR Group has upgraded their equity rating on Dragon Capital Group (PINKSHEETS: DRGV) to a speculative strong buy rating with a target price of $0.40 per share. This strong upgrade comes at a time when Dragon Capital Group, a leading holding company of emerging technology in China, reported 2006's consolidated revenue of $42.29 million with a year end 2007 sales forecast of $55 to $60 million.

The 16-page research report covers many aspects of Dragon Capital Group. The following is some excerpts from the research report:

- Dragon Capital has developed cutting-edge technology, such as 3G-based SMS technology applications for lottery services and real estate transactions. They are in the mid-level stage of developing various mobile business solutions including mobile hotel reservations, mobile dating services, mobile police, and logistic operations.

-The Company's 6 technology-related subsidiaries recorded record revenues of $42.29 million for the 12 months of FY2006. Gross profits rose to $2.98 million in 2006 with income from only 6 subsidiaries reaching $1.37 million.

- The Company anticipates the main driver of its expansion in 2007 will come from internal expansion coupled with the execution of select accretive acquisitions. Management sees 2007 revenues from the current operations of its 7 Chinese subsidiaries in the range of $55 to $60 million with net income in excess of $1.5 million as net margins continue to improve.

To view the entire independent research report, please click on the attached URL at

About Dragon Capital Group Corp.

Dragon Capital Group Corp (PINKSHEETS: DRGV) is doing business in China through its subsidiaries. Dragon was established to serve as a conduit between Chinese high-growth companies and Western investors. DRGV functions as an incubator of high-tech companies in China, offering support in the critical functions of general business consulting, formation of joint ventures, access to capital, merger & acquisition, business valuation, and revenue growth strategies. DRGV has developed a portfolio of high-tech companies operating in China. For more information about DRGV, please visit

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 word 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.

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