SOURCE: Dragon Capital Group Corp.

June 13, 2006 08:30 ET

Dragon Capitol Group Corp. Receives Strong Upgrade by Respected Research Firm

SHANGHAI, CHINA -- (MARKET WIRE) -- June 13, 2006 -- Dragon Capitol Group Corp. (PINKSHEETS: DRGV) is pleased to announce a well-respected firm Bridge IR Group has upgraded their equity rating on DRGV to a speculative strong buy rating with a target price of $0.45 per share. This strong upgrade comes at a time when Dragon Capital Group, a leading holding company of emerging technology in China, reported first quarter consolidated revenue of $7.65 million with a year end 2006 sales forecast of $40 to $45 million.

Bridge IR Group is noted for their work with account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media.

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

Lawrence Wang, CEO of Dragon Capitol, stated, "We are honored to have a quality independent research firm review our overall operations, progress and to provide the resulting upgrade in our stock. This provides further confirmation to our shareholders that our company is headed in the right direction."

Mr. Wang concluded, "We expect to substantially grow our revenues organically as well as through acquisitions. Recently, we completed the acquisition of Shanghai Longri Technology Development Company, Limited. We expect Shanghai Longri is generating approximately $15 million in gross sales with net income of $750,000 for 2006. We will aggressively pursue our acquisition strategy to grow our company to a new level."

About Dragon Capital Group Corp

Dragon Capital Group Corp (PINKSHEETS: DRGV), formerly Dragon Venture, is doing business in China through its subsidiaries. Dragon was established to serves as a conduit between Chinese high-growth companies and Western investors. As China emerges as a growing force on the global stage, DRGV's professionals will provide invaluable services for Western investors seeking to gain access to the Chinese high-tech economy. In addition, 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 of capital, merger & acquisition, business valuation, and revenue growth strategies. DRGV will develop a portfolio of high-tech companies operating in China. Our focus will be on innovative technological applications, which are poised to alter the competitive landscape of the industry. 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 words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or 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. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets.

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