Dragon Capital Group Provides Updated Financial Guidance for the Full Year of 2013
June 12 2013 - 8:00AM
Marketwired
Dragon Capital Group Corp. (OTC Pink: DRGV), a holding company of
emerging high-tech companies in China, announced today management
provides updated financial guidance for this coming fiscal year of
2013. Management sees revenues in 2013 increasing 20% to $24
million with net income increasing by 67% to $1 million. The
company sees our entrance into mobile applications software and Gas
GIS monitoring software subsidiaries driving the improvement in our
bottom line results in the second half of 2013 coupled with a
rebound in demand for our lower margin office equipment
distribution subsidiary.
Mr. Lawrence Wang, Chairman and CEO of Dragon Capital Group,
stated "In 2012 we returned to profitability and made some key
investments for the long term future of our company. By positioning
our company in software for both mobile applications and gas line
monitoring we believe we can achieve sustainable growth, better
margins and enhanced profitability in the coming years. While our
lower margin office equipment sales business provides a solid
revenue base for the company, the sale of software in these areas
can substantially change the growth trajectory of our company. In
the first quarter our profit margins and net income increased
substantially and we believe we are now in a strong position to
build on that in 2013 and beyond for the benefit of our
stockholders."
About Dragon Capital Group Corporation
Dragon Capital Group Corp. (OTC Pink: 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: Dore Perler U.S. Representative Telephone: (954)
232-5363 Facsimile: (954) 726-2022 Email:
Dore@PearlGroupAdvisors.com
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