SHANGHAI, July 15, 2014 /PRNewswire/ -- Dragon Capital
Group Corp. (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") for the
installation of a valve management software system.
In July, 2014, Shanghai North Gas officially approved and
initiated the project "Valves Card Management Software System" at
its Jiading branch. The project calls for the installation of a
valve maintenance software system through the use of electronic
cards designed and produced by Yazheng to manage a total of 7,800
high, median and low pressure valves operated by Shanghai North Gas
at the branch. The system will replace the current manual recording
system used by Shanghai North Gas to help provide more accurate
data and facilitate the implementation of more efficient
maintenance programs.
Mr. Lawrence Wang, Chairman and
CEO of Dragon Capital Group, stated "We are pleased to have been
awarded this additional project by Shanghai North Gas at its
Jiading branch. This system represents another step forward in our
work with Shanghai North Gas to fully automate the maintenance
services at Jiading. We believe this new system and our other
projects with Shanghai North Gas serve as comprehensive proof of
the value of our software solutions for other gas companies across
China to improve efficiency. We
continue to focus our efforts on building this business in 2014 and
beyond as we seek to become a software leader in the utility
space."
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.
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statements identifying important factors that could cause our
actual results to differ materially from those projected in
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"estimated," "intends," "plans," "believes" and "projects") may be
forward-looking and may involve estimates and uncertainties which
could cause actual results to differ materially from those
expressed in the forward-looking statements. We caution that the
factors described herein could cause actual results to differ
materially from those expressed in any forward-looking statements
we make and that investors should not place undue reliance on any
such forward-looking statements. Further, any forward-looking
statement speaks only as of the date on which such statement is
made, and we undertake no obligation to update any forward-looking
statement to reflect events or circumstances after the date on
which such statement is made or to reflect the occurrence of
anticipated or unanticipated events or circumstances. New factors
emerge from time to time, and it is not possible for us to predict
all of such factors. Further, we cannot assess the impact of each
such factor on our results of operations or the extent to which any
factor, or combination of factors, may cause actual results to
differ materially from those contained in any forward-looking
statements.
Contact
Richard Galterio
U.S. Representative
Telephone: +1-954-363-7333 Ext. 316
Facsimile: +1-954-363-7320
Email: info@dragoncapital.us
SOURCE Dragon Capital Group Corp.
