SOURCE: Dragon International Group Corp.

April 19, 2007 08:00 ET

Dragon International Group Moves Headquarters to Newly Constructed Manufacturing Facilities

NINGBO, CHINA -- (MARKET WIRE) -- April 19, 2007 -- Dragon International Group Corp. (OTCBB: DRGG), one of China's manufacturers and distributors of specialty paper products and packaging materials, announced today that its corporate headquarters has been moved to newly built manufacturing facilities in Ningbo, China.

Dragon International Group Corp. (the "Company"), along with subsidiaries Ningbo Dragon International Trade Company, Limited, Ningbo City Jiangdong Yonglongxin Special Paper Company, Limited, Hangzhou Yongxin Paper Company, Limited, and Ningbo Dragon Packaging Technology Company, Limited, have moved to newly completed facilities, which will also house the Company's new corporate headquarters, with an address of No. 201, Guangyuan Road, District C, Investment Pioneering Park Jiangbei, Ningbo, China 315033, Tel: 86-574-83070703, Fax: 86-574-83070757.

The 91,000-square-foot facilities will be used for offices, manufacturing, warehousing and as a dormitory for employees of the Company. Dragon International plans to utilize the additional land space in the future to build workshops and additional production facilities.

The Company plans to utilize its new manufacturing capabilities to enhance its current packaging material enterprises in China and focus on the development of its growing medical packaging business. The capacity addition will enable the Company to grow sales substantially based on its current production capabilities. To expand the scale of the business, the company intends to actively seek distribution and potential merger and acquisition opportunities with other companies.

Mr. David Wu, CEO and Chairman of Dragon International Group, stated, "We are very pleased with the opening of our newly built manufacturing facilities and headquarters. We are confident that we now have further improved our manufacturing capabilities in order to better position us as a leader in the packaging industry in China. We are excited with our present business outlook in our current packaging material lines as well as our expansion into pharmaceutical packaging materials industry. The new manufacturing facilities will consolidate our operations leading to greater efficiencies and thereby improving our profit margin. We estimate the new manufacturing facilities have a capacity to generate $25 million in annual sales."

About Dragon International Group Corporation

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

Safe Harbor Statement

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and, condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

Contact Information

  • Contact:

    Dragon International Group
    Tel: 1-877-CHINA-57
    Email: info@drgg.net