SOURCE: Dragon International Group Corp.

December 21, 2006 08:00 ET

Dragon International Group Added to the Ludlow China SmallCap Index

NINGBO, CHINA -- (MARKET WIRE) -- December 21, 2006 -- Dragon International Group Corp. (OTCBB: DRGG), one of China's manufacturers and distributors of specialty paper products and packaging materials, announced that the company has been added as a component of the Ludlow China SmallCap Index.

Gerry Salazar, the Managing Partner of the Ludlow China Index, commented, "Ludlow China is pleased to have Dragon International as a new component on the Ludlow China SmallCap Index, and their addition should provide our index with a gauge to track manufacturing and distribution of paper and integrated packaging paper products within China."

For more information on the Ludlow China SmallCap Index and components visit www.ludlowcapital.com/indices/china/historic/smallcap.html

About Ludlow China SmallCap Index

The Ludlow SmallCap China Index is a basket of some of the top US traded OTC and small cap Chinese stocks. The Index provides institutional and individual investors a gauge for tracking the day-to-day performance of small cap Chinese stocks in a diversified basket. The index is designed for investors who have a long-term bullish outlook on China's emerging small cap market. The Ludlow China Index is owned and operated by Ludlow China Fund, Inc., based in New York City. www.ludlowcapital.com/

About Dragon International Group Corporation

Dragon International Group Corp. (OTCBB: DRGG) is one of China's manufacturers and distributors of specialty paper products and packaging materials. DRGG is operating as a manufacturer and distributor of paper and integrated packaging paper products. DRGG has a distribution network covering east and central China. Dragon and its subsidiaries have cultivated strategic relationships with several of the world's largest and well-known manufacturers of paper and specialty packaging products. For more information, please visit http://www.drgg.net.

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. 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, including the Company's ability to obtain sufficient financing to fund both its internal growth opportunities and acquisition strategy. More information about the potential risks and factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission at http://www.sec.gov.

Contact Information

  • Contact:

    1-877-CHINA-57
    Email: info@drgg.net

    Gerry Salazar
    Ludlow China Fund
    718-855-8451