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10-Q out. Net income of 378.000 for the last quarter. Not bad. Dilution by rising outstanding shares of 83 B.
What do you make of the news? I think it sounds very good, especially with the stock being restricted for a year. We have to be near to breaking past the $0.15 level shortly!
Press Release Source: Dragon International Group Corp.
Dragon International Group in Agreement to Acquire Majority Stake in Wellton International Fiber Corp
Tuesday January 16, 8:00 am ET
NINGBO, CHINA--(MARKET WIRE)--Jan 16, 2007 -- Dragon International Group Corp. (OTC BB:DRGG.OB - News), one of China's manufacturers and distributors of specialty paper products and packaging materials, announced today it has entered into a stock purchase agreement to acquire 51% of Wellton International Fiber Corp in an all stock transaction. Dragon International Group will issue restricted shares of its common stock based on the audited net tangible assets of Wellton, which will be issued upon completion of auditing at the closing. The transaction is expected to close by March 31, 2007. Dragon expects to issue shares not to exceed a value of US 1,500,000.
Wellton International Fiber Corp, formed in British Virgin Island and based in Hong Kong, is a leading importing firm of paper pulp in China. Wellton generated approximately US$18.5 million in revenues with over US$1 million in net income in 2006 on an un-audited basis.
Mr. David Wu, CEO and Chairman of Dragon International Group, stated, "One of our growth strategies is the external acquisition of businesses that are highly complementary to our own. We feel confident in our ability to merge the Wellton operations into our own and achieve synergies that will enhance both our operations. Our combined operations in 2006 would have totaled in excess of $35 million on a pro forma basis and we look forward to continued growth in both revenues and earnings in the coming years. We are excited to work with Wellton towards our goal of being China's leader in the production and distribution of specialty packaging. We believe we are well-positioned to grow our business substantially in an effort to enhance the value of our company for its shareholders."
About Dragon International Group Corporation
Dragon International Group Corp. (OTC BB:DRGG.OB - News) is one of China's manufacturers and distributors of specialty paper products and packaging materials. DRGG is operating as a manufacturer and distributor of paper and integrated packaging paper products. DRGG has a distribution network covering east and central China. Dragon and its subsidiaries have cultivated strategic relationships with several of the world's largest and well-known manufacturers of paper and specialty packaging products. For more information, please visit http://www.drgg.net.
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. 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, including the Company's ability to obtain sufficient financing to fund both its internal growth opportunities and acquisition strategy. More information about the potential risks and factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission at http://www.sec.gov.
Contact:
Contact:
1-877-CHINA-57
Email: info@drgg.net
DRGG's stock has started to show some signs of life the past two trading days. Volume has been decent. I still think January is going to be very kind to the smallcaps like DRGG. We wait.
-b'brela
$0.135x$0.136 $0.40+ in 2007. Look at FFHL today! $15.50+ Up 25% and rising. DRGG is another major player in the business! Anything up to $0.40 is an absolute steal IMO. Still could see 50-200% gains from THAT level in 2007.
See the Equity Report? $0.60 Target! Growth will be amazing in 2007 and beyond.
It has been a nice investment as I have been in it since August I just think for all the good news it would have moved a lot better by now. But I do think your right 2007 will be a great year for this stock.
It's setting up nicely for 2007. They have a current business that is growing briskly at around 50% per year and they're on pace to achieve a PE of around 4 or 5 by the end of the year. I'm not sure if that pace was even including the medical packaging business that they added in the fall.
Then add a nutriceutical division to the company, which can bring the promise of billions. Also add the ambitious plan to expand internationally, and this becomes a very attractive investment vehicle.
And still it gets no upward movement what do we have to do to get this thing moving?
Bank another 2 million in revenues for 2007. Piece by piece, this company continues to build towards 100 million.
And with China and Pakistan signing a(n) trade pact that opens even more doors now IMO
I think we're looking at 100 million in revenue for Dragon within two years, looking at the projected revenues and the pace of acquisitions.
Couple that with 10 million in net profits and DRGG will be visiting $2.00 per share soon.
Press Release Source: Dragon International Group Corp.
Dragon International Group to Acquire Hainan Jinguang Pharmaceutical Company, Limited
Monday November 20, 9:45 am ET
NINGBO, CHINA--(MARKET WIRE)--Nov 20, 2006 -- Dragon International Group Corp. (OTC BB:DRGG.OB - News), one of China's leading manufacturers and distributors of specialty paper products and packaging materials, announced today it has signed a letter of intent to acquire Hainan Jinguang Pharmaceutical Company, Limited ("Jinguang"), a distributor and manufacturer of Chinese herb medicines.
Jinguang, located in the Hainan province of China and founded in 2002, is an innovative, technologically sophisticated enterprise, focused on traditional Chinese Li medicine, one of the major traditional Chinese medicinal herbs. Jinguang has developed its own research and development center under GLP standards, a planting farm under GAP standards, manufacturing facilities under GMP standards, and a dedicated salesforce under GSP standards. Over the past 2 years, Jinguang has invested more than US$4 million in building farming and manufacturing facilities, including 110 acres of land and GMP manufacturing facilities. It is expected that Jinguang will generate approximately US$15 million in annual sales in 2007, which is projected to grow to approximately US$29 million in annual revenues in 2008. While terms of the agreement were not disclosed, Dragon International will begin due diligence on Jinguang.
Mr. David Wu, CEO and Chairman of Dragon International Group Corp., stated, "We are very excited about this potential acquisition, as we have been following Jinguang's development for a while. Jinguang has been our client for several years, and we believe we can facilitate Jinguang's substantial growth in revenues and earnings by infusing work capital, since Jinguang has completed construction of its farming and manufacturing facilities. The addition of Jinguang would diversify our business and enhance our strong growth prospects in revenues and earnings for years to come."
About Dragon International Group Corp.
Dragon International Group Corp. (OTC BB:DRGG.OB - News) is one of China's manufacturers and distributors of specialty paper products and packaging materials. DRGG is operating as a manufacturer and distributor of paper and integrated packaging paper products. DRGG has a distribution network covering east and central China. Dragon and its subsidiaries have cultivated strategic relationships with several of the world's largest and well-known manufacturers of paper and specialty packaging products. For more information, please visit http://www.drgg.net.
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. 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, including the Company's ability to obtain sufficient financing to fund both its internal growth opportunities and acquisition strategy. More information about the potential risks and factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission at http://www.sec.gov.
Contact:
Contact:
Andrew Brown
ROI Group Associates, Inc.
Tel: 212-495-0202
Email: abrown@roiny.com
Other than DRGG, some stocks I am closely watching include RLTR, WAVX, PLYCF, KING. A few more but those are the ones that are more likely to show progress in the near future IMO.
Well judging from the upward direction of many of those charts, I'm encouraged that you're closing watching DRGG.
That sharp upward turn on the chart should be coming soon.
While we're waiting, can you give us any other symbols that you expect to be adding to your board soon? TIA
That is a list of stocks which I have a position in currently or recently, or am just about to do so. Although I hold a small token position in DRGG, I am not taking a strong position yet.
I don't even see DRGG displayed among your vast array of stock charts. How did you choose this group of stocks and why didn't dragon make your list?
A break-even quarter--not the .02 positive we were led to believe.
10-QSB filed 10-14 link...
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001282826%252D06....
Hi pigfarmer,
This is my favorite sentence from the growth analysis report:
"The Company has recently expanded sales into the highly profitable and rapidly expanding pharmaceutical packaging business in India."
Expanding from China to the rest of the world would make this one a monster at this price. I didn't see that sentence before, but that was the kind of growth I was hoping to see.
Things are looking brighter here all the time.
Ot This one I have been looking at Equity Stock Analysis Initiates Research Coverage of Dragon International Group with a Price Target of $0.60
Equity Stock Analysis today announced that it has initiated coverage of Dragon International Group Corp. (OTCBB: DRGG) with a price target of $0.60 and a rating of "Speculative Buy" by Equity Stock Analysis (ESA). The report is authored by Senior Research Analyst Kris Gupta, CFA.
The full report is available at http://www.equitystockanalysis.com
In the report, Chris Gupta indicates, "Dragon International has a leading and established position in the production and distribution of high quality specialty packaging in China. The Company has begun targeting high growth, higher-margin industries such as the pharmaceutical and food services industries through its development of increasingly innovative products. Recent announcements related to pharmaceutical packaging developed by the Dragon International indicate that they have developed packaging solutions employing nanotechnologies. Nanotechnology implementation has been effected in combination with a large corporate technology partner.
"The basis of the Company's packaging industry growth is founded in the rapid expansion China continues to experience in its need for high quality packaging principally from three targeted areas: pharmaceutical packaging, the growth of the middle class consumer in China, and the growth of packaging in the dynamic export business of China. The Company has recently expanded sales into the highly profitable and rapidly expanding pharmaceutical packaging business in India."
Mr. Gupta renders his opinion on the value of the stock as follows: "Dragon International Group Corp. is expected to create value for its shareholders based on the rapid revenue growth from the sale of its specialty paper products and packaging materials. Based on the expected growth of the company in the next five years, discounted cash flow valuation yields a 12-month price target of $0.60.
"Based on an estimated 64.5 million outstanding share count, the NPV per share is estimated at $0.60, which is our price target over the next 12 months. Target price of $0.60 marks a significant increase from the stock current trading price of $0.13."
About Equity Stock Analysis
EQUITY STOCK ANALYSIS ("ESA") is committed to the highest ethical standards and as such is not subject to external pressure that is sometimes experienced to issue biased research. This pressure is avoided by refusing to accept companies that cannot be recommended with objectivity, quality, and accuracy of research. ESA and its Certified Financial Analysts are independent, objective, and have a reasonable and adequate basis for our investment recommendations. ESA has established formal written policies supporting independent and objective analyst research. ESA has senior corporate officer publicly attest, at least annually, to adherence to the policy.
Disclosure: Pentony Enterprises LLC was compensated $9000 for research coverage on Equity Stock Analysis for a total of $22,500 from non-controlling third party (ROI Group Associates). Pentony Enterprises LLC is not a registered investment advisers or broker/dealers. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
The volume is definitely on the rise. When SUWN made it's move last year, the volume picked up in mid-November and the price stayed fairly flat in the low 20 cent range from late September until early January.
Then the price took off on a 2 month run from early January until early March, reaching a high of $1.68. I think this is a better long term play, but the volume increase is looking similar.
When it spikes into the millions for a few days straight, I think we'll be moving over a dollar.
Couldn't pass this up. Added more at $0.12!!
Once they start showing a profit on the balance sheet this one will start it's move. They're due to report the quarterly numbers in mid November, so I think a move up the charts is coming soon.
this suxx, they sell into every PR... smthg isn't right in dragonland :/
btw DRGG is listed on the Berlin Stock Exchange in Germany since today!
Dragon International Receives Purchase Order From Wutai Pharmaceutical Group
Tuesday October 31, 9:45 am ET
NINGBO, CHINA--(MARKET WIRE)--Oct 31, 2006 -- Dragon International Group Corp. (OTC BB:DRGG.OB - News), one of China's manufacturers and distributors of specialty paper products and packaging materials, announced today its wholly owned subsidiary, Shanghai JinKui Packaging Material Company, Limited ("JinKui"), received a purchase order from Wutai Pharmaceutical Group ("Wutai"). Under the terms of the purchase order, JinKui will supply 8-10 metric tons of cold aluminum packaging film per month over the next two years.
Wutai, located in the Jilin province of China, operates a diversified organization within the pharmaceutical industry in China. Wutai is a manufacturer and distributor of pharmaceutical products in the northeast section of China. This purchase order will allow JinKui to expand the reach of its products into the northeast section of China. JinKui forecasts the purchase order could generate up to $3 million in total sales by December 2007.
Mr. David Wu, CEO and Chairman of Dragon International Group Corp., stated, "This purchase order is proof of our commitment to expand into the pharmaceutical packaging market. This marks another significant development since our acquisition of JinKui on June 300, 2006. China's pharmaceutical packaging industry has witnessed strong, recurring growth in the past decade. Annual sales of pharmaceutical packaging have grown approximately 20% annually since 2004. We believe this market represents another tremendous growth opportunity for our shareholders for years to come."
About Dragon International Group Corp.
Dragon International Group Corp (OTC BB:DRGG.OB - News) is one of China's manufacturers and distributors of specialty paper products and packaging materials. DRGG is operating as a manufacturer and distributor of paper and integrated packaging paper products. DRGG has a distribution network covering east and central China. Dragon and its subsidiaries have cultivated strategic relationships with several of the world's largest and well-known manufacturers of paper and specialty packaging products. For more information, please visit http://www.drgg.net.
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. 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, including the Company's ability to obtain sufficient financing to fund both its internal growth opportunities and acquisition strategy. More information about the potential risks and factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission at http://www.sec.gov.
Contact:
Contact:
Andrew Brown
ROI Group Associates, Inc.
Tel: 212-495-0202
Email: abrown@roiny.com
Source: Dragon International Group Corp.
Actually, the 1 year chart reveals that volume has already ramped up to a new level. Starting in September the average volume is up 5 to 10 times that of the rest of the year.
The move is already quietly beginning here. Today was a relatively quiet day, but I expect volume to ramp up to the millions per day soon. Perhaps after they release their quarterly report in mid-November.
By the way, now that they're into the medical packaging business, the symbol DRGG sounds appropriate. I originally assumed that this was a pharmaceutical company with that symbol.
Now they will be playing a role in that industry with their innovative packaging material.
They're growing at a 50% rate per year. The profit margins are about to start growing too. Earlier this year an analyst compared this company to the big three of the industry, and based on the relative price-earnings-growth (PEG) rate, this company's fair value was over $14.00.
That was before they bought the high margin medical packaging company. Once this company goes profitable, we're going to see a major increase in volume and price.
hope you are right, but I'd settle for a test of .20 first...
I'm looking for a 10 bagger here over the next six months to a year. I believe that they will exceed their profit and revenue guidance. With the high margin nano-based packaging products, this company is poised to take a large chunk of the medical packaging market.
We're ready to test $1.50 to $2.00.
Equity Stock Analysis Initiates Research Coverage of Dragon International Group with a Price Target of $0.60
Monday October 23, 7:10 am ET
DALLAS--(BUSINESS WIRE)--Equity Stock Analysis today announced that it has initiated coverage of Dragon International Group Corp. (OTCBB: DRGG - News) with a price target of $0.60 and a rating of "Speculative Buy" by Equity Stock Analysis (ESA). The report is authored by Senior Research Analyst Kris Gupta, CFA.
The full report is available at http://www.equitystockanalysis.com
In the report, Chris Gupta indicates, "Dragon International has a leading and established position in the production and distribution of high quality specialty packaging in China. The Company has begun targeting high growth, higher-margin industries such as the pharmaceutical and food services industries through its development of increasingly innovative products. Recent announcements related to pharmaceutical packaging developed by the Dragon International indicate that they have developed packaging solutions employing nanotechnologies. Nanotechnology implementation has been effected in combination with a large corporate technology partner.
"The basis of the Company's packaging industry growth is founded in the rapid expansion China continues to experience in its need for high quality packaging principally from three targeted areas: pharmaceutical packaging, the growth of the middle class consumer in China, and the growth of packaging in the dynamic export business of China. The Company has recently expanded sales into the highly profitable and rapidly expanding pharmaceutical packaging business in India."
Mr. Gupta renders his opinion on the value of the stock as follows: "Dragon International Group Corp. is expected to create value for its shareholders based on the rapid revenue growth from the sale of its specialty paper products and packaging materials. Based on the expected growth of the company in the next five years, discounted cash flow valuation yields a 12-month price target of $0.60.
"Based on an estimated 64.5 million outstanding share count, the NPV per share is estimated at $0.60, which is our price target over the next 12 months. Target price of $0.60 marks a significant increase from the stock current trading price of $0.13."
About Equity Stock Analysis
EQUITY STOCK ANALYSIS ("ESA") is committed to the highest ethical standards and as such is not subject to external pressure that is sometimes experienced to issue biased research. This pressure is avoided by refusing to accept companies that cannot be recommended with objectivity, quality, and accuracy of research. ESA and its Certified Financial Analysts are independent, objective, and have a reasonable and adequate basis for our investment recommendations. ESA has established formal written policies supporting independent and objective analyst research. ESA has senior corporate officer publicly attest, at least annually, to adherence to the policy.
Disclosure: Pentony Enterprises LLC was compensated $9000 for research coverage on Equity Stock Analysis for a total of $22,500 from non-controlling third party (ROI Group Associates). Pentony Enterprises LLC is not a registered investment advisers or broker/dealers. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
Contact:
EquityStockAnalysis.com
Lee Anderson, Publisher, 214-458-4258
info@equitystockanalysis.com
or
ROI Group Associates, Inc.
Investor Relations:
Andrew Brown, 212-495-0202
abrown@roiny.com
Source: Dragon International Group Corp.
I'm tired of seeing this stock trend in the .13/share range. If you strip out the one-time charges, their earnings are painting a pretty nice picture. Stock has to be worth more than 13 cents going forward... at least that's what my logically thinking tells me. I'd love to know how their recent investor presentations were perceived by the big boys? It sure wouldn't take much to get the share price to really move if just one large investor group started buying shares in bulk. We wait.
-b'brella
Dragon International Group Posts Record Revenues and Operating Income for FY 2006; Proforma EPS of $0.02
Monday October 16, 8:30 am ET
NINGBO, CHINA--(MARKET WIRE)--Oct 16, 2006 -- Dragon International Group Corp. (OTC BB:DRGG.OB - News), one of China's leading manufacturers and distributors of specialty paper products and packing materials, today announced record operating results for the fiscal year ending June 30, 2006. The Company posted $18.43 million in net revenues, a 63% increase over fiscal year 2005 net revenues of $11.28 million. Dragon generated $1.227 million in operating income, a 620% increase compared to $175,000 in fiscal 2005. Excluding stock-based compensation and non-cash charges related to Dragon's July 2005 debt financing and its conversion into equity this past fiscal year, EPS would have been $0.02 per share. The Company ended the fiscal year with stockholder equity of $8.246 million, approximately $0.14 per share, a record level for the Company. For more information about our financial performance, please review our 10K filing with the United States Securities and Exchange Commission.
Mr. David Wu, Chairman and CEO of Dragon International Group, stated, "Our financial performance for 2006 is beginning to show the benefits of our efforts. If debt conversion and related non-cash interest charges are reversed, which amount to more than $3.3 million, we would have EPS of $0.02 per share. Going forward, these charges will no longer impact our financials, so the results will be even clearer for investors. Our growth plan is very robust, as we continue to evaluate new acquisition candidates, and have substantial opportunities for internal growth. We will expand our existing product lines by introducing innovative solutions for our customers, as well as growing the customer base for our current products."
About Dragon International Group Corp.
Dragon International Group Corp (OTC BB:DRGG.OB - News) is one of China's leading manufacturers and distributors of specialty paper products and packaging materials. DRGG is operating as a manufacturer and distributor of paper and integrated packaging paper products. DRGG has a distribution network covering east and central China. Dragon and its subsidiaries have cultivated strategic relationships with several of the world's largest and well-known manufacturers of paper and specialty packaging products. For more information, please visit http://www.drgg.net.
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. 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, including the Company's ability to obtain sufficient financing to fund both its internal growth opportunities and acquisition strategy. More information about the potential risks and factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission at http://www.sec.gov.
Contact:
Contact:
Andrew Brown
ROI Group Associates, Inc.
Tel: 212-495-0202
Email: abrown@roiny.com
Source: Dragon International Group Corp.
Dragon International Group to Build a New Manufacturing Facility Focused on Packaging Products Utilizing Nanotechnologies
Wednesday October 4, 9:45 am ET
NINGBO, CHINA--(MARKET WIRE)--Oct 4, 2006 -- Dragon International Group Corp. (OTC BB:DRGG.OB - News) today announced it plans to build a new manufacturing facility which will be utilized to make new packaging products developed through the use of nanotechnologies. The new packaging products are intended to provide innovative solutions for the pharmaceutical and food packaging industries. Using patent-pending technologies, Dragon will establish a production capability of 3,000 tons of high isolation, alto-extruded, multilayer film and sheet packaging material. Dragon International Group Corp. (OTC BB:DRGG.OB - News) is one of leading China's manufacturers and distributors of specialty paper products and packaging materials.
Mr. David Wu, CEO and Chairman of Dragon International Group, stated, "We believe our newly developed products have much better features than the currently used products in the marketplace. With adequate pricing, we believe our newly developed products will dominate this market. We plan to add two more production lines in the near future as the demand increases. We forecast the three production lines can generate $100 to $125 million in annual sales with $25 to $31 million in net income within five years upon the completion of the manufacturing facilities."
The Chinese pharmaceutical packaging industry has grown approximately $2 billion in annual sales with more than 10% annual growth rate. Major forms of pharmaceutical plastic packaging are plastic bottles, blister packaging, strip, and bag. All of the above forms account for more than 95% of packaged drugs. According to the industry statistics, the demand of PVDC and PVC/PVDC, PVC/PE compound materials in the Chinese marketplace was more than 60,000 tons per year in 2005. Additional advantages of the newly developed products include being recyclable and reduction in waste emissions to protect the environment. The new packaging products have better isolation performance. The new packaging material shows better isolation of water and oxygen, while also showing good resistance to oil, medicine, and the other solvents. The market of Nano film is mainly used for packaging industries, primarily for large infusion bags, frozen and fast food. The Nano sheet substitutes compound materials, such as PVDC, PVC/PVDC, and PVC/PE.
About Dragon International Group Corp.
Dragon International Group Corp. (OTC BB:DRGG.OB - News) is one of China's leading manufacturers and distributors of specialty paper products and packaging materials. DRGG is operating as a manufacturer and distributor of paper and integrated packaging paper products. DRGG has a distribution network covering east and central China. Dragon and its subsidiaries have cultivated strategic relationships with several of the world's largest and well-known manufacturers of paper and specialty packaging products. For more information, please visit http://www.drgg.net.
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. 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, including the Company's ability to obtain sufficient financing to fund both its internal growth opportunities and acquisition strategy. More information about the potential risks and factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission at http://www.sec.gov.
Contact:
Contact:
Andrew Brown
ROI Group Associates, Inc.
Tel: 212-495-0202
Email: abrown@roiny.com
Source: Dragon International Group Corp.
Dragon International Announces Innovative Pharmaceutical Packaging Using Nanotechnology
Thursday September 28, 9:25 am ET
Shanghai Jinkui Files Chinese Patent on Promising Technology
NINGBO, CHINA--(MARKET WIRE)--Sep 28, 2006 -- Shanghai Jinkui Packaging Material Company, Limited ("Shanghai Jinkui"), a wholly owned subsidiary of Dragon International Group Corp. (OTC BB:DRGG.OB - News), today announced it has completed the development of two new packaging products by using nanotechnologies. The new packaging products are focused on providing innovative solutions for the pharmaceutical and food packaging industries. Dragon International is one of China's leading manufacturers and distributors of specialty paper products and packaging materials.
Shanghai Jinkui has received the written notice from the Intellectual Property Rights Bureau of China, indicating the bureau has accepted the patent application of the high isolation alto-extruded multi-layer film/sheet material. Dragon's R&D team has developed these new packaging technologies in partnership with a Fortune 500 company, utilizing nanotechnologies and materials. The products are alto-extruded and compounded by many kinds of materials and are innovative, non-PVC and non-toxic drugs packaging material. One of the materials is provided by Dragon's Fortune 500 partner, whose main business is in the special chemistry, textile fiber and plastic businesses. This emerging packaging line is to be used for medical infusion, quick-freeze and fast food markets. Dragon's new packaging solution would substitute PVDC/PVC tablet and capsule solutions that are currently used for pharmaceutical packaging.
Mr. David Wu, CEO and Chairman of Dragon International Group stated, "We are committed to developing innovative, value-added, packaging solutions for targeted industries. These new packaging solutions are extremely promising, as they allow us to participate in the $10 billion pharmaceutical and food packaging business in China. Utilizing nanotechnology, in partnership with a Fortune 500 company, we have been able to enhance our technological capabilities, and position ourselves for dramatic growth in the pharmaceutical and food service industries. Innovative packaging solutions will allow us to drive our revenues higher for years to come, with substantially higher margins over time."
About Dragon International Group Corp.
Dragon International Group Corp (OTC BB:DRGG.OB - News) is one of leading China's manufacturers and distributors of specialty paper products and packaging materials. DRGG is operating as a manufacturer and distributor of paper and integrated packaging paper products. DRGG has a distribution network covering east and central China. Dragon and its subsidiaries have cultivated strategic relationships with several of the world's largest and well-known manufacturers of paper and specialty packaging products. For more information, please visit http://www.drgg.net.
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. 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, including the Company's ability to obtain sufficient financing to fund both its internal growth opportunities and acquisition strategy. More information about the potential risks and factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission at http://www.sec.gov.
Contact:
Contact:
Andrew Brown
ROI Group Associates, Inc.
Tel: 212-495-0202
Email: abrown@roiny.com
Source: Dragon International Group Corp.
20 cent rebate/gal for BIO-Heat
http://www.clickableoil.com/Clickable-Fall06.pdf
ticker: CKEI
load up, invest on this gem, gonna be huge, don't let the cold come!
DRGG ---"We believe DRGG should be worth over $1 per share if the company can accomplish its stated financial forecast. If you look at their financial reports in the past nine months, it is highly likely that DRGG will accomplish their goals.
We raise the short-term target price for DRGG from $0.25 to $0.30 per share to $0.50 to $0.60 per share. We are looking for a breakout to $0.25 to $0.30 per share before DRGG will test the next resistance level in the range of $0.50 to $0.60 per share." Straight from the China Venture Forum. These guys have been right almost 100% of the time!
huge potential here, check this out
http://www.clickableoil.com/
CEO buys 15MILLION shares, business is exploding, ticker: CKEI
here is the guidance for 2007 2008
Press Release Source: Dragon International Group Corp.
Dragon International Group Announces Growth Strategy and Financial Forecast for 2007 and 2008
Monday September 18, 9:25 am ET
NINGBO, CHINA--(MARKET WIRE)--Sep 18, 2006 -- Dragon International Group Corp. (OTC BB:DRGG.OB - News), one of China's leading manufacturers and distributors of specialty paper products and packing materials, today announced its growth plan and financial forecast for its next two fiscal years, ending June 30, 2007 and 2008. The Company's management anticipates the next two years' growth to be a combination of internal operations continuing to expand at a rapid rate and accretive acquisitions. Management forecasts revenues of $35 million and $57 million, anticipated to result in $2.17 million and $4.42 million of net income for each of 2007 and 2008, respectively.
Mr. David Wu, Chairman and CEO of Dragon International Group, stated, "Our current businesses offer opportunities to expand our existing product lines by introducing innovative solutions for our customers, as well as growing the customer base for our current products. We also expect to make acquisitions that we believe create high-margin revenue opportunities, as exemplified by our acquisition of Shanghai Jinkui. Shanghai Jinkui allows us to expand with several new products addressing the needs of the food and pharmaceutical packaging industries, industries where we did not previously have meaningful sales. There are numerous other acquisition candidates that are highly complementary to our existing businesses, so we expect to be able to make a number of opportunistic acquisitions over the next 2 years."
International trading is expected to account for the largest proportion of Dragon's revenues, with forecasted revenues of $15 million and $25 million over the next two fiscal years, and net income of $200K and $350K. Manufacturing is projected to produce 2007 revenues of $7.5 million, growing to $10 million in 2008, while generating net income margins of 8% to 10%. Shanghai Jinkui, anticipated to be Dragon's highest margin business, is forecast to generate $6.25 million in 2007 revenues, doubling to $12.5 million in 2008. In addition to 100% anticipated growth, Shanghai Jinkui is forecast to generate net income margins of 20% per annum, resulting in net income of $1.25 million in 2007, and $2.5 million in 2008.
Included in Dragon's forecast are additional acquisitions, anticipated to account for $6.25 million of revenues in 2007, and $10 million of revenues in 2008. Acquisitions are expected to add $600K to net income in 2007, increasing to $1 million of net income in 2008.
Mr. Wu concluded, "We are optimistic about our prospect in the next fiscal two years. Our goal is to improve our leading position in the production and distribution of specialty packaging industry in China. We believe we are well-positioned to grow our business substantially in the coming fiscal years, and remain extremely excited about the possible returns for our shareholders, which also includes every member of senior management."
About Dragon International Group Corp.
Dragon International Group Corp. (OTC BB:DRGG.OB - News) is one of leading China's manufacturers and distributors of specialty paper products and packaging materials. DRGG is operating as a manufacturer and distributor of paper and integrated packaging paper products. DRGG has a distribution network covering east and central China. Dragon and its subsidiaries have cultivated strategic relationships with several of the world's largest and well-known manufacturers of paper and specialty packaging products. For more information, please visit http://www.drgg.net.
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. 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, including the Company's ability to obtain sufficient financing to fund both its internal growth opportunities and acquisition strategy. More information about the potential risks and factors that could affect the Company's business and financial results is included in the Company's filings, available via the United States Securities and Exchange Commission at http://www.sec.gov.
Contact:
Contact:
Andrew Brown
ROI Group Associates, Inc.
Tel: 212-495-0202
Email: abrown@roiny.com
I am liking DRGG more every day. Any of you have a set PPS target for this short and long term? I would expect a run back to at least 0.16 short term and might we see the low to mid 20's over the next few months. Appreciate anyones take on this monster in the making. Joe
I don't know about 4X's the amount but I see the possibility of a double from these levels depending on the company and whether they release positive revenue guidance at the end of this Q. Do you know if this is their end of year Q? Do they regularly report early or use the whole 45 days to report Q numbers? Thanks and I am glad to see a holder of this stock that has been around an entire year. I am expecting a slow rise over the next few weeks, w/o news we are likely to hit .16. Joe
We should breakout nicely this week. I've been in this stock for over a year...we're so much better off today than a year ago and the stock should be 4x as much At the minimum IMO!
DRGG-nice to be on Panetta's "power List" of stocks for next week!!
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KWBT.OB and DRGG.OB are my top choice
DRGG financial report will be exciting
Thanks, nsomniyak. DRGG looks like a monster in the making. Very good info and a sleeper going forward based on the numbers. I liked the higher high today and the volume continues to flow. I am looking forward to the next few weeks. Joe
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Dragon International Group Corp ("Dragon International") manufactures and distributes high end packaging products utilized in the packaging of pharmaceuticals as well as food and beverages and operates as an agent of pulp and related paper products. Dragon International was listed on OTCBB in October, 2004.
With the acquisition of Shanghai Jinkui Packaging Material Co., Ltd ("Jinkui") in June 2006, Dragon International trasitioned itself from manufacturing and distributing packaging products for tobacco, alcohol, gifts, cosmetics, tea to specialty packaging products, which creates a higher gross margin.
Dragon International holds an ISO9000 certificate and national license on import / export. The manufacturing facilities have reached advanced international standard and passed through state Good Manufacturing Process (GMP) inspection.
Our primary products are Cold forming blister aluminum foil, Tropical blister foil, PTP blister foil, SP laminated strip pack, AL/PE laminated strip pack, and Laminates for suppositories, including 8 series and a wide varieties. We are the pharmaceutical materials supplier for the markets in China as well as in Southeast Asia, Africa and South America
Company website: http://www.drgg.net |
Contact Information: |
Dragon International Group Corp.
No. 201, Guangyuan Road, District C
Investment Pioneering Park Jiangbei
Ningbo, China 315033
Tel: 86-574-83070703
Fax: 86-574-83070757
Dragon International Group Corp.
U.S. Representative Office
431 Fairway Drive, Suite 200
Deerfield Beach, FL 33441
Office: 954.363.7333 ext. 315
Fax: 954.363.7320
Info@DRGG.us
Share structure:
A/S - 225,000,000
O/S - 134,752,772 (per US Rep's office 3/1/2011)
Latest Financial Info(taken from 10Q dated 5/19/09):
With 134,752,772 shares outstanding and equity of $8,066,442 the valuation is .059 per share.
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