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
SOURCE Dragon Capital Group Corp.
