InvestorsHub Logo
Post# of 4973284
Next 10
Followers 10
Posts 385
Boards Moderated 0
Alias Born 09/13/2005

Re: None

Tuesday, 01/30/2007 4:41:30 PM

Tuesday, January 30, 2007 4:41:30 PM

Post# of 4973284
DRGV-Dragon Capital Group Sees Strong Growth in Revenues and Earnings for 2007 Financial Forecast
Dragon Capital Group Corp. (PINKSHEETS: DRGV), a leading holding company of emerging technology companies in China, today announced its financial forecast for 2007. The Company's management anticipates the main driver of its expansion in 2007 will come from internal expansion of its current subsidiaries coupled with the execution of select accretive acquisitions. Management sees 2007 revenues from the current operations of its 7 Chinese subsidiaries in the range of $55 to $60 million with net income in excess of $1.5 million as net margins continue to improve.

Mr. Lawrence Wang, Chairman and CEO of Dragon Capital Group, stated, "We continue to see strong momentum across our subsidiaries and have identified several potential acquisition candidates with businesses that complement our current products and services. We believe that we are well positioned to grow our operations from both a top and bottom line prospective in 2007 and will continue in our mission to deliver superior growth to our shareholders."

About Dragon Capital Group Corp.

Dragon Capital Group Corp. (PINKSHEETS: 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

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.