Yes bill good news on DRGV .04 here: Dragon Capital Group Sees Profitable 2006 on Revenues Over $40 million, 40% Increase From $28.6 Million in 2005 With Continued Stronger Growth Anticipated in 2007
Wednesday January 10, 9:45 am ET
SHANGHAI, CHINA--(MARKET WIRE)--Jan 10, 2007 -- Dragon Capital Group Corp. (Other OTC:DRGV.PK - News), a leading holding company of emerging high-tech companies in China, announced today that its preliminary review of its subsidiaries in China indicates a strong finish for 2006. Preliminary financials suggest toward consolidated revenues in excess of $40 million for 2006 and operating income above $750,000. The company expects to report its final year-end results in February of 2007.
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Management anticipates revenue momentum to continue in 2007 and for revenues to reach continued record levels in 2007 and beyond. It is anticipated that operating income expansion will be far more significant in 2007 and beyond as several subsidiaries benefit from economies of scale as well as from investments made in personnel and technology in the past 2 years. The company has targeted revenues to reach a minimum of $60 million by 2008 with net income growing 4 to 6 fold in that same time period. Management intends to achieve these goals through a combination of internal operations expansion and accretive acquisitions.
Lawrence Wang, CEO and Chairman of Dragon Capital Group, stated, "We enter 2007 with six information technology subsidiaries in a strong position to capitalize on the rapid technology infrastructure expansion that is taking place throughout China. Our current businesses are poised to capitalize on our existing product lines and our ability to provide innovative solutions for our customers. We believe the next several years will provide our company with an unprecedented opportunity for growth and profitability and management intends to make every effort to ensure success."
About Dragon Capital Group Corp.
Dragon Capital Group Corp. (Other OTC:DRGV.PK - News) is doing business in China through its subsidiaries. DRGV functions as a management company of technology companies in China, offering support in the critical functions of operational support, general business consulting, formation of joint ventures, access to capital, merger & acquisition, business valuation, and revenue growth strategies. DRGV has developed a portfolio of technology companies operating in China. For more information about DRGV, please visit 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:
Contact:
Telephone: 1-877-China-57
Email: info@dragoncapital.us
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Source: Dragon Capital Group Corp. |
