SHANGHAI, May 13, 2014 /PRNewswire/ -- Dragon Capital Group Corp. (OTC: DRGV), a leading holding company of emerging high-tech companies in China, announced today its wholly owned subsidiary, Shanghai Yazheng Information Technology Co., Limited ("Yazheng"), has received a contract from Shanghai North Gas Company, Limited ("Shanghai North Gas") to install an Integrated Distribution and Sales Management System at its Jiading Branch. The contract, valued at approximately $100,000, is expected to be completed in 2014.
In April, 2014, Shanghai North Gas officially approved and initiated the project "Integrated Distribution and Sales Management System at Jiading Branch". This new project will further enhance the Gas Pipeline GIS System and Customer Sales Management System already contracted by Yazheng with Shanghai North Gas. The system will connect the databases within the two current systems and integrate the underground pipe network distribution data with the customer sales data above the ground. Currently, most domestic gas company's pipeline network data is separated from the customer data making the gas supply information independent from the gas usage information resulting in potential date inefficiency and data inconsistency.
Mr. Lawrence Wang, Chairman and CEO of Dragon Capital Group, stated "We are very pleased to have been awarded this new contract for our integration distribution and sales management system at Jiading branch. We plan to utilize this integrated management system to improve the efficiency and safety of Shanghai North's gas pipeline network to benefit their customers. We intend to further our marketing efforts for this management system and related services to other branches and gas companies in 2014 as we build this business into an important source of high margin revenue for our company in the years to come."
About Dragon Capital Group Corporation
Dragon Capital Group Corp. (OTC: 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
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, and may contain the word expressions of similar meaning. 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. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance.
Contact:
Richard Galterio U.S. Representative Telephone: (954) 363-7333 ext 316 Facsimile: (954) 363-7320 Email: info@dragoncapital.us
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