SOURCE: Dragon Capital Group Corp

January 16, 2007 08:30 ET

Dragon Capital Group's Subsidiary, Shanghai Longri, Receives Contract Valued in Excess of $650,000

SHANGHAI, CHINA -- (MARKET WIRE) -- January 16, 2007 -- Dragon Capital Group Corp (PINKSHEETS: DRGV), a leading holding company of emerging technology companies in China, announced today that its subsidiary, Shanghai Longri Information Technology Company, Limited ("Longri"), has signed a one-year supply contract with Shanghai Yaohua Weighing System Company, Limited ("Yaohua"). Under the contractual arrangement, Longri will supply Yaohua with Epson printer ink cartridges and ink ribbons. The contract is renewable every year upon written consent from both sides.

Longri engages in network integration, network service, and information technology products distribution. Longri is an authorized agent for several prominent information technology product suppliers, such as Epson, IBM, Hewlett Packard, Samsung, Legend and Toshiba. In addition, Longri provides network design, equipment installation, and a multitude of after-sales services for various multi-national companies. Longri has established retail offices and service centers in Shanghai, Nanjing, and Hangzhou offering high quality, professional network services for its customers throughout the eastern area of China. For more information about Shanghai Longri, please visit

Lawrence Wang, CEO and Chairman of Dragon Capital Group, stated, "We continue to see strong sales momentum across all our business subsidiaries and this contract is a further example of our quality and price performance. We continue to provide top quality products and services to our customers. We believe 2007 will be a record year for this subsidiary as well as many of our others. We see unprecedented growth opportunities in our existing businesses and in potential acquisitions over the course of the next two years and management is dedicated to capitalizing on our strategic growth plans to make 2007 a landmark year for our company."

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.

Contact Information