Shanghai Municipal Government Awards Dragon Capital Group's Subsidiary for
Technology Achievement
Shanghai Yastand Information Technology Company, Ltd. Developed the
Technology for Shanghai North Gas Company, Limited
SHANGHAI, China, Sept. 2 /PRNewswire-FirstCall/ - Dragon Capital Group Corp.
(OTC: DRGV), a leading holding company of emerging high-tech companies in
China, announced today that its subsidiary, Shanghai Yastand Information
Technology Company, Limited ("Shanghai Yastand"), has received an award for
technology achievement from Shanghai Municipal Government for developing a
city gas pipeline risk assessment system. In addition, Shanghai Yastand has
renewed its agreement with Shanghai North Gas Company, Limited to fully
implement the pipeline risk assessment system which monitors Shanghai North
Gas's 5,280-kilometer underground gas pipelines in north metropolitan areas of
Shanghai.
The new risk monitoring system will allow Shanghai North Gas Company to
monitor any potential breakdown in the underground gas pipelines by detecting
gas leakages without the need for additional expenses and works. The new
system will provide tremendous economic and environmental benefits by
detecting early stage gas leaks enabling quick repair responses to
significantly reduce gas losses. Shanghai Yastand developed this system in
2005 and obtained copyrights from National Copyright Bureau of China in 2006.
Chairman and CEO, Lawrence Wang, stated, "We are very excited about the
potential of this technology which we intend to market to numerous
metropolitan areas in China. We believe there is a vast untapped market for
this technology and we intend to aggressively pursue this opportunity. We
intend to actively market our system and technology in over 2,000 metropolitan
areas in China in the next few years which could have a substantial positive
impact on our company's operating results should we prove to be successful."
About Dragon Capital Group Corp.
Dragon Capital Group Corp (Pink Sheets: 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.
SOURCE Dragon Capital Group Corp.
Dragon Capital Group, Investor Relations, Gary Liu, (954) 363-7333, ext. 318
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