SOURCE: Wall Street News Alert

June 16, 2005 08:57 ET

Hot Stocks on the Move! June 16, 2005

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- June 16, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Dragon Venture (OTC: DRGV), Nextel Communications Inc. (NASDAQ: NXTL), Sprint Corporation (NYSE: FON) and Verizon Communications (NYSE: VZ).

Dragon Venture (OTC: DRGV) may be appearing on the radar screen of aggressive investors and day traders this morning! Yesterday, a holding company of high-tech companies in China, issued a press release announcing that Shanghai Yazheng Information Technology Company, Limited ("Yazheng"), a subsidiary of DRGV, recently signed three contracts to provide water control automation systems for Qidong Water Company, Nanhui Huinan Water Company, and Songjiang Jiuting Waste Water Treatment Company.

Yazheng will employ proprietary applications in conjunction with hardware developed by Schnide and Siemens, to furnish water control automation systems for these companies. The whole process includes a raw water pre-process system and regular water treatment. Yazheng expects to provide increased control measures and in turn yield higher water quality.

This could be good news for investors! In China, water resources shortage, together with severe water pollution, is becoming the bottleneck of continuing development and economic growth. In many cities, water supply and drainage including sewage treatment are an indispensable part of each cities infrastructure and environmental construction in order to attract investments. In the past few years, the local governments have adopted aggressive financing policies to encourage infrastructure construction including water supply and drainage, which resulted in faster development and more significant growth of municipal supplied water and waste water treatment.

From 1998 to 2002, China has invested a total of approximately US$10 billion in city water supply, of which approximately $7.25 billion went to waste water treatment, and has added 286 waste water treatment facilities. From 2001 to 2002, the fixed assets invested totaled $6 billion for waste water treatment, increased at an annual rate of 5.72% for waste water treatment, compared with the year 2000. Obviously, China has attached great importance to waste water treatment.

Investors continue to watch Dragon Venture as the company progresses! Lawrence Wang, CEO of Dragon Venture and General Manager of Yazheng, commented, "We are very pleased to sign three contracts that demonstrate the excellence of our software system that was developed by our own software engineers. The importance of water preservation to mankind will become a precious commodity which determines the degree of wealth of a nation."

For more in-depth coverage and a company profile of Dragon Venture, visit

The stock closed yesterday at Nine cents a share.

In case you are not familiar with the company: Dragon Venture ("Dragon") is a holding company of high-tech companies in China. Dragon was established to serve as a conduit between Chinese high-growth companies and Western investors. The current focus of Dragon is on the development of wireless 3G-based applications and business solutions. Two companies that Dragon has acquired are among the leading providers of mobile Internet applications and business solutions in China. As China emerges as a growing force on the global stage, Dragon's professionals will provide invaluable services for Western investors seeking to gain access to the Chinese high-tech economy. In addition, Dragon 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. Dragon will develop a portfolio of high-tech companies operating in China. Their focus will be on innovative technological applications, which are poised to alter the competitive landscape of the industry. For more information about Dragon Venture, please visit

Stocks showing interesting activity yesterday at the close of the regular trading day were: Nextel Communications Inc. (NASDAQ: NXTL) down 0.1% on 10.3 million shares traded, Sprint Corp (NYSE: FON) down 0.1% on 7.9 million shares traded and Verizon Communications (NYSE: VZ) up 0.4% on 7.3 million shares traded.


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