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CEO speaking at a conference this week and the chart is setting up nicely new money coming in?
was Fridays candle a dragonfly doji? If so we could see a bounce come Monday. IMO
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
if you take look at his posts all he spreads is positivity. LOL
wait till this one makes the email rounds tonight should get some more people interested tomorrow
well for now this one gets filed away and time to move on.
I think there are plenty of people here that agree with you there.
chart looks like it is starting to shape up hopefully we get some momo off of new players if the chart players come into this one.
chart looking pretty good on this and if the permits are come in then we could see some good movement.
http://www.stocktargets.com/cgi-bin/ticker.pl?command=pxit.ob
Just came across this maybe interesting to some of you. I know I will be looking into this stock in the morning.
good luck to all this week I hope we see some news.
will there be people from this board there tomorrow for the hearing? If so who? Just want to know what kind of updates we will be getting. If any
I hope we start hearing something this week to get this thing moving in the right direction.
I hope so. like to see a good run from it I will watch during the week and see if there seems to be a good time to get in.
yea I read that and was thinking that those shares were either gonna make into the marketplace pretty quick or whoever is holding them may try and get some momo going then dump.
that was the only thing that bothered me.
anyone here anymore? Thoughts on this stock? Looks promising to me due to Jan. 3rd PR
has this stock found the bottom I was just looking at the chart on this and I think maybe it looks a little interesting.
well I think Friday is going to be another down day but we always have Monday to look forward to once management gets back in the office hopefully they can help this out.
I know it's Christmas time but we need a Good Friday!!!
trust me I'm not taking that chance I got in at .0045 took some profit in the .007's and re-bought at .0045
I have a feeling this is going to run sideways or just a little down until the new year and once everyone gets back trading again this thing is gonna move. JMO though
Either way I still think this will be a fun ride and some of the riders will make some money on these wicked ups and downs.
yeah I read that earlier and thats what I was wondering.
ok FWIW on another forum one of the members (without any DD mind you) is claiming that merger news is on the way with this one. i haven't seen this on here yet so I was wondering what everyone thinks about this. possibility or pump?
when is the next 10q scheduled?
MRCap send me the PM please
Is that $0.90USD profit per ton?
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.
Yes but I believe alcohol is very illegal too but in the tourist areas such as there hotels they allow it to be served. Dubai knows they can't count on oil money forever so they are starting to allow things they normally wouldn't I could see them opening a casino for tourists only It's like that in the Bahamas.
And still it gets no upward movement what do we have to do to get this thing moving?
do you think someone knows something for the pps to jump like this? I mean even when we get or PR's every week from this company it never does anything. I am just wondering of something has changed and if there is bigger news on the horizon. JMO
And with China and Pakistan signing a(n) trade pact that opens even more doors now IMO
Great DD!!!
NOT!!!
yes the hyperbaric chamber was also mentioned but they mentioned ozone specifically when mentioning him and they also mentioned another teammate and spoke about the hyperbaric chamber as if it were something completely different.
http://en.wikipedia.org/wiki/Ozone_therapy
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
They also noted yesterday during the Dolphin's game that #99 Jason Taylor undergoes ozone treatments. That could be something else PDSC could look into as I'm sure that could be pretty big business to sell equipment to athletes and stars.
Press Release Source: Produce Safety and Security International, Inc.
Produce Safety & Security International, Inc. Promotes Kathleen C. Cullen to President of Consumer & Food Service Divisions
Monday November 20, 10:39 am ET
Produce Safety & Security International Announces New President for the Two Fastest Growing Divisions of Produce Safety & Security International, Inc.
PRESCOTT, Ariz.--(BUSINESS WIRE)--Produce Safety and Security International, Inc. (Pink Sheets:PDSC - News), ("PDSC"), an ozone and chemical sanitation disinfectant process supplier to the food and medical industries, announces new President for the consumer and food service divisions.
Produce Safety & Security International Inc. provides a Cost Effective Program providing the consumer and service provider confidence of a complete food safe product for consumption. The food safety process provides reduction and removal of Food Borne Illness Pathogens for the Food Service and Consumer Industry. The process also provides a complete disinfectant, sanitation program for each establishment.
Clarence W. Karney, Chief Executive Officer of Produce Safety & Security International, Inc., states, "Kathleen's promotion to President of the two fastest growing divisions of PDSC will provide direction and guidance for the rapid Revenue Explosion."
About Produce Safety & Security International, Inc. (PDSC)
PDSC has developed and patented products for extending the shelf life of perishables. The EPA-registered products sanitize and disinfect against food-borne illness pathogens and disease-causing bacteria. PDSC provides a range of options for retail stores, restaurants, cruise ship lines, disaster cleanups and municipal programs. Furthermore, the process incorporates a complete audit trail, an essential component for complying with government regulations in the USA, Canada and Mexico.
PDSC's state-of-the-art ozone process has been shown to extend the shelf life and remove food borne illness bacteria. This process will provide retail produce departments reduced shrinkage, increase the bottom line and provide a fresher product for the consumer. The customer will be assured of a safe food product, by use of this process, which may be used on organic produce to remove the pathogens. This process uses no chemicals thus meeting the requirements of organic certification.
For further product information, joint venture opportunities, distributorship program information, or program applications, please go to PDSC's website www.foodsafeint.com.
Safe Harbor
Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made by Produce Safety & Security International, Inc. are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Produce Safety & Security International, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition.
Contact:
Produce Safety & Security International, Inc.
Investor Relations, 928-717-1773 or 559-433-3511
or
Market News First
John Bryant, 214-461-3417
Great post.
wow did they take that picture at 6am while he was walking out of a bar? that looked like a rough night.