SHANGHAI, March 27, 2013 /PRNewswire/ --
Dragon Capital Group Corp. (OTC: DRGV), a leading holding
company of emerging high-tech companies in China, announced today its wholly owned
subsidiary, Shanghai Yazheng Information Technology Co., Limited
("Yazheng"), has received contracts for the installation of
automated control systems at three water treatment plants in
China. The total value of the
contracts is estimated to be approximately $1.5 million in 2013.
The first project focuses on the installation automated control
systems and chlorination monitoring equipment for a water treatment
plant located in Qidong, Jiangsu
Province. The second and third contracts, where Yazheng
serves as a subcontractor for two larger projects, call for the
installation of automated control systems for water treatment at
two plants located in Yanzhou, Shandong
Province and Zhoucheng, Shangdong Province.
Mr. Lawrence Wang, Chairman and
CEO of Dragon Capital Group, stated "We are very pleased to have
been awarded these three new contracts for the fiscal year of 2013
as it continues to validate the efforts of our software development
team's efforts in creating state of the art software for public
works projects. We intend to bid on additional projects in
2013 both as lead and subcontractors in an effort to further expand
our revenue and profits in this software business. We believe
these new projects will improve our bottom line results in 2013 and
also help our company generate additional cash flow to support our
mobile software solutions launches. We are confident that our
diversified technology based businesses place our company in a
position to grow our top and bottom line results for 2013 and the
years to come."
About Dragon Capital Group
Corporation
Dragon Capital Group Corp. (OTC: DRGV ) is doing business in
China through its subsidiaries.
Dragon was established to serve as a conduit between Chinese
high-growth companies and Western investors. DRGV 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 to capital, merger & acquisition, business
valuation, and revenue growth strategies. DRGV has developed a
portfolio of high-tech companies operating in China. For more information about DRGV, please
visit http://www.dragoncapital.us
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, and
may contain the word expressions of similar meaning. 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. Forward-looking
statements involve risks and uncertainties, including those
relating to the Company's ability to grow its business. Actual
results may differ materially from the results predicted and
reported results should not be considered as an indication of
future performance.
Contact:
Dore Perler
U.S. Representative
Telephone: +1(954)232-5363
Facsimile: +1(954)726-2022
Email: Dore@PearlGroupAdvisors.com
SOURCE Dragon Capital Group Corp.