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[fast.money]

$DRGV previous news ~
Dragon Capital Group Subsidiary Awarded Contract for Central Control System Upgrade at Huinan Waterworks Facilities
Press Release: Dragon Capital Group Corp. –

SHANGHAI, CHINA--(Marketwired - Aug 13, 2013) - Dragon Capital Group Corp. (OTC Pink: DRGV), a leading holding company of emerging high-tech companies in China, announced today that Shanghai Water Company, Ltd. has selected its Shanghai Yazheng Information Technology Company ("Yazheng") subsidiary to complete a central control system upgrade project at its Huinan Waterworks facilities.

The project will include a full server and software upgrade at the facilities to handle system integrity and minimize network failures. Yazheng will be responsible for the automation of the pump starting system from manual to automated control powered by the new central control system in order to improve operating efficiency at the plants. Yazheng will also upgrade and fully automate the ammonia detection system at the facilities.

Mr. Lawrence Wang, Chairman and CEO of Dragon Capital Group, stated, "We are very pleased to have been selected by Shanghai Water Company for this automation project. We believe that this contract is another step in helping us reach our goal of successfully establishing a footprint within the utility company sector in China in order to lead to larger, more expansive utility projects. We intend to work diligently to support Yazheng in their efforts to build this important business segment for the future growth of Dragon Capital."