SOURCE: Dragon Capital Group Corp.

July 11, 2007 16:05 ET

Dragon Capital Group's Subsidiary in Contract to Develop Risk Assessment System for Shanghai North Gas Company, Limited

SHANGHAI, CHINA--(Marketwire - July 11, 2007) - Dragon Capital Group Corp. (PINKSHEETS: DRGV), a leading holding company of emerging high-tech companies in China, announced today that its subsidiary, Shanghai Yastand Information Technology Company, Limited ("Shanghai Yastand"), has entered into an agreement with Shanghai North Gas Company, Limited to develop the pipeline risk assessment system in order to monitor the gas company's 5,280-kilometer underground gas pipeline.

The new software and sensor system will allow the gas company to monitor any potential weaknesses in the underground gas pipeline and detect leakages without the need for additional staffing. The new assessment system will provide tremendous economic and environmental benefits in that early leakage detection will reduce the amount of gas lost as well as lower the frequency and duration of outages. Shanghai Yastand developed this software and obtained copyrights from National Copyright Bureau in September 2006.

Chairman and CEO Lawrence Wang stated, "We are pleased to provide Shanghai North with this software and look forward to working with them in support of the project. We believe monitoring software of this type is an extremely cost effective way for utilities and pipeline providers to reduce the monetary loss and environmental impact of pipe leakages. We are confident this software will be selected by many other companies looking to effectively manage their pipelines."

About Dragon Capital Group Corp.

Dragon Capital Group Corp. (PINKSHEETS: DRGV) is doing business in China through its subsidiaries. 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

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