SOURCE: Dragon Capital Group Corp.

July 10, 2007 16:05 ET

Dragon Capital Group's Subsidiary Receives Two Distribution Awards From Hewlett-Packard of China

SHANGHAI, CHINA--(Marketwire - July 10, 2007) - Dragon Capital Group Corp. (PINKSHEETS: DRGV), a leading holding company of emerging high-tech companies in China, announced today that its subsidiary, Shanghai Zhaoli Technology Development Company, Limited ("Shanghai Zhaoli"), has received two distribution related awards from Hewlett-Packard of China. The awards were granted by Hewlett-Packard of China to recognize achievements by associated vendors of Hewlett-Packard products in China.

The first 2007 award was the China Outstanding Contribution Award for HP associated vendors who have distributed over 30 million RMB (approximately US$4 million) in consumable products per year. The second 2007 award was the China Area Best Business Sales Award for HP associated vendors who have distributed over 70 million RMB (approximately US$9.26 million) in business-related products per year.

Wuzhang Wang, General Manager of Shanghai Zhaoli, commented, "We are very pleased to be a recipient of these distinct awards as one of the top Chinese distributors for Hewlett-Packard products in 2007. Shanghai Zhaoli has consistently been one of top distributors for Hewlett-Packard products in China for the past several years as we continue to strengthen our business relationship. We are very eager to continue our valued relationship with Hewlett-Packard of China and to improve our performance and overall distribution of Hewlett-Packard products for many years to come."

Shanghai Zhaoli is an information technology enterprise providing innovative technology solutions to enhance its customers' businesses. Zhaoli's customers include financial institutions, telecommunication companies, hospitals, supermarkets, airports, railway stations, and various government agencies. Zhaoli is an authorized general agent and distributor for a wide array of manufacturers, including Epson, Cannon, Hewlett-Packard, Ricoh, Brother, Star and Samsung. Zhaoli has an extensive sales channel with headquarters in Shanghai and nine additional branch locations. Zhaoli is also qualified as a technical service center for Epson, Canon, Hewlett-Packard and OKI products and provides equipment repair services for its customers. Zhaoli has also developed an ERS software system for enterprises to manage accounting, distribution, inventory and sales. For more information about Shanghai Zhaoli, please visit

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

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.

Contact Information