Dragon Capital Group Corp (DRGV)

[svenelings]

what will bring this for 2008...???
last night the after hours best bid was 0.13....
maybe a nice move up today??? we will see....


Dragon Capital Group (OTC: DRGV): Dragon Capital Group Revenue up 12% to $33.4M for First Nine Months FY07
Wednesday, January 09, 2008; Posted: 05:46 AM




SHANGHAI, China, Jan 09, 2008 (M2 PRESSWIRE via COMTEX) -- DRGV | news | PowerRating | PR Charts -- Dragon Capital Group Corporation (Pink Sheets: DRGV), a leading holding company of emerging high-tech companies in China, reported un-audited consolidated revenue from the company's six majority owned subsidiaries for the first nine months of 2007 was approximately $33.4 million, an increase of approximately 12% from $29.8 million in the comparable nine months ended September 30, 2006.

For the third quarter of 2007, the company's consolidated revenue was $11.8 million, an increase from $11.7 million for the comparable quarter in 2006 and an 9% sequential improvement from $10.8 million the second quarter of 2007.

Operating income before taxes and non-cash expenses for the six subsidiaries was approximately $1,119,000 for the first nine months of 2007 as compared to approximately $982,000 for the same period in 2006.

On a consolidated basis the company reported a loss of approximately $286,000 for the first nine months of 2007, which included $1.3 million in non-cash expenses. During the first nine months of 2007 the company continued to improve its balance sheet as total assets rose to approximately $12.8 million, up 15% from approximately $11.1 million at the end of September 30, 2006. Shareholder equity rose to $6.6 million at the end of September 30, 2007, as compared to $4.7 million at the end of September 30, 2006. The company has published its financial statements with financial notes, which are available for public viewing via http://www.pinksheets.com.

Lawrence Wang, CEO of Dragon Capital Group, stated, "Dragon's subsidiaries continue to generate strong revenue, strengthening our balance sheet with positive cash flow. We are growing our core business operations through new contracts and new technological developments from our existing subsidiaries. We are also considering acquisitions in complimentary technology industries and launching new product offerings. We are confident that our strategy will bring Dragon strong momentum in both sales and operating margins for the rest of 2007 to maximize the value of our company for our shareholders."