SOURCE: Wall Street News Alert

August 12, 2005 08:57 ET

Wall Street News Alert: Emerging Public Company Receives $7 Million Purchase Order!

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

WESTON, FL -- (MARKET WIRE) -- August 12, 2005 --Wall Street News Alert's "stocks to watch" this morning are: Dragon International Group Corp. (OTC BB: DRGG), QUALCOMM Incorporated (NASDAQ: QCOM), Citigroup (NYSE: C) and Vornado Realty Trust (NYSE: VNO).

Once again, Dragon International Group Corp. (OTC BB: DRGG) may be appearing on the radar screen of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company, one of China's leading manufacturers and distributors of a wide variety of specialty paper products and packaging materials, issued a press release announcing that it has received a purchase order from Shanghai Lunen Industrial Trade Company Limited.

News of, yet another, purchase order could be big news to investors! Shanghai Lunen Industrial Trade Company, Limited has contracted Dragon to supply 5,000 tons of "Hang Kong" holographic film. The purchase order is valued at approximate US$7 million per year.

This recent order is the latest in a string of significant purchase orders received by Dragon International Group Corp. Recent public communications can be found at the company's website: http://www.drgg.net.

Continue to watch this company! Chairman and CEO, David Wu, stated, "Obviously we are very pleased with this new contract. In recent months, we have secured in excess of $15 million in new purchase orders. With the recent funding, the company has financial resources to fill these orders and secure more contracts. Dragon is committed to emerging as a leading supplier of cigarette paper and packaging in China, the largest cigarette consuming country in the world."

Investors should continue to monitor the progress of Dragon International for further developments! Mr. Wu concluded, "As we look ahead to the current fiscal year, we are very optimistic about our prospects. Demand continues to accelerate and Dragon International has the financial backing, research expertise, and proven management team needed to execute on our growth plan. Overall, we expect to achieve record revenues and net profit growth for the full year 2006."

For updated in-depth coverage and a company profile of Dragon International, visit http://www.backissuesofnewsalerts.us/DRGG0811.html

Prior to yesterday's press release, the stock closed at Twenty-Nine a share.

In case you are not familiar with the company: Dragon International Group Corp. owns 100% ownership interest of Ningbo Anxin International Trade Co. Ltd. ("Anxin"). Anxin is located in Ningbo, Zhejiang Province, China and is one of China's leading manufacturers and distributors of a wide variety of specialty paper products and packaging materials. Anxin operates one subsidiary, Yonglongxin, a manufacturing facility located in Ningbo, and Anxin holds an ISO90000 certificate and national license to import and export its product line globally. The company and its subsidiary have cultivated strategic relationships with several of the world's largest and well-known manufacturers of paper and specialty packaging products.

Stocks showing interesting activity yesterday at the close of the regular trading day were: QUALCOMM Incorporated (NASDAQ: QCOM) up 3.2% on 20.1 million shares traded, Citigroup (NYSE: C) up 0.4% on 15.9 million shares traded and Vornado Realty Trust (NYSE: VNO) up 0.9% on 13.7 million shares traded.

Commentary:

"Mortgages climbed for the 6th straight week to a new high of 5.89% for a 30-year fixed according to Freddie Mac. The average rate on a 15-year fixed was at 5.47%, one-year Treasury Arm's averaged 4.57%," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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