Dragon Holdings AG

March 03, 2011 02:00 ET

Dragon holdings AG acquires Tradeology Ltd

Dragon Holdings AG       ISIN: DE000A1CTDS8 , WKN: A1CTDS , Trading Symbol: DRA

                             ("Dragon Holdings AG" or "the Company")

                                ACQUISITION - Tradeology Ltd
3rd March 2011

The Directors of Dragon Holdings AG, the algorithm trading and Distribution Company, are pleased to announce
the acquisition of Tradeology Ltd ("TDL").

Under the terms of the acquisition, Dragon Holdings AG will pay SGD 2,600,000 for subscribing to 51% of new
shares of Tradeology Ltd.

Tradeology is a Singapore based Research and Development Company established in 2009, providing both BotTrading
hardware and BotTrading software to primarily to customers in the Far East but also to the Middle East and

The Directors of Dragon Holdings AG believe that as the IT and software technology sectors draw closer
together, the opportunities for both companies to find new customers and markets will increase. South East Asia
is a high growth area in which the Company wishes to expand its operations; therefore this acquisition will be
of great benefit.

Michael Hughes, Executive Director of Dragon Holdings AG, said: "It is the nature of private companies that
their commercial value is frequently understated. Proven underlying profitability makes it an ideal fit with
Dragon Holdings AG.  We see Tradeology working closely with our Singapore office to market and sell the Dragon
Holdings AG programmed trading terminals in Hong Kong and mainland China."

Tristan Tabori, President Tradeology Ltd, said: "our team is delighted to be joining forces with Dragon
Holdings AG, a company with a strong vision coupled with sound technology.

Together we will be stronger and able to reach new market segments currently missing from both
companies' business portfolios. We look forward to strong business growth coming from the synergies generated
by this acquisition."

The Directors of the Issuer accept full responsibility for the contents of this announcement.

Contact details:

Dragon Holdings AG
Michael Hughes               +49 1767 3800 098    michael@dragonholdings.net

Investor Relations
Yana Slatina                 +65 8198 0352        yslatina@dragonholdings.net

Corporate adviser

Mr. Jorn Follmer

CDC Capital AG, Munich, Germany

Contact Information

  • Dragon Holdings AG