SHANGHAI, April 2, 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 for an automatic control project at a sewage water
treatment facility in Hefei City China. The contract is valued at
approximately $1 million and is
expected to be completed in 2014
The contract is part of the Sewage Treatment Plant Stage Three
Project ("Stage Three Project") initiated and led by Hefei Economic
Development District Water Corporation. The sewage treatment plant
covers an area of 1,435,200 square feet located in Shushan District
of Hefei City and, upon
completion, the plant will have a targeted capacity to process and
treat up to 300,000 metric tons of sewage water on a daily basis.
The new facility will apply AAO leading technology and an active
sand filtration process. The plant will utilize Yazheng's
automatic control system to ensure effective operation and
maintenance of the newly installed equipment.
Mr. Lawrence Wang, Chairman and
CEO of Dragon Capital Group, stated "We are very pleased to be
awarded this new contract for our automatic control system at this
new facility in Hefei City. We have worked hard to develop
cost effective controls for utilities and having been selected for
this project is evidence that this effort is starting to pay
off. This contract and others like it represent high margin
revenue and strong cash flow to our company. We look forward
to completing this project in 2014 as well as securing similar
contracts for other utility projects in the near future. We
intend to proactively expand our marketing efforts for this
software service in China to grow
our top and bottom line financial performance for 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
Facsimile: (954) 363-7320
Email: info@dragoncapital.us
SOURCE Dragon Capital Group Corp.