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DRGG - Dragon International Receives Purchase Order of Approximately $1.92 Million From Hangzhou Xihu Printing Industry Company


2006-12-07 08:00 ET - News Release

NINGBO, CHINA -- (MARKET WIRE) -- 12/07/06


Dragon International Group Corp. (OTCBB: DRGG), one of China's manufacturers and distributors of specialty paper products and packaging materials, announced today its wholly owned subsidiary, Jiangdong Yonglongxin Special Paper Company, Limited ("Yonglongxin") has received a purchase order from Hangzhou Xihu Printing Industry Co., Ltd ("Hangzhou Xihu") Under the terms of the purchase order, Yonglongxin will supply 8,000 big boxes per month that will consume approximately 200 metric tons of board paper per month. The value of this purchase order is approximately $1.92 million for the next 12 months.

Mr. David Wu, CEO and Chairman of Dragon International Group Corp., stated, "We are very pleased with receiving this purchase order. Hungzhou Xihu is one of premier printing companies for several cigarette manufacturers in China. We have been working with this company for a while and we have been receiving small purchase orders from this company from time to time. Finally, we received a big purchase order that shows our products have been competing well in the market place. We expect to receive more orders in the near future."

About Dragon International Group Corporation

Dragon International Group Corp. (OTCBB: DRGG) 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.


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