Dragon Polymers Supply Agreement with Chinese Recycling Company Gets Approved
December 20 2012 - 7:00AM
Marketwired
Dragon Polymers, Inc. (PINKSHEET:DRAG) has met all of the
conditions of the supply agreement with HANGZHOU WORLDBEST IM.
& EXP. Co LTD, Hangzhou Zhejiang, China. The supply contract is
for 8,800,000 lbs. of Nylon 66 fiber, from the Greenwood, South
Carolina landfill facility.
The conditional contract called for a representative from the
purchasing company to be sent onsite to inspect the Greenwood
facility to ensure quality of the Nylon 66 Fiber. The
representative from WORLDSBEST visited the facility in Greenwood
and gave the supply agreement the green light to start, based on
the quality of the Nylon 66 available. The shipping of the material
is due to commence in the first quarter of 2013.
ABOUT THE COMPANY: Dragon Polymers Inc. is reseller industrial
polymers, we have been able to identify a worldwide shortage in
certain types of polymers, and specifically petroleum based
polymers. As a result of this the company is focusing its efforts
in the reclamation of polymers, specifically Polyethylene
Terephthalate and commercial grade Nylon6,6 waste.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), and as such, may involve risks and
uncertainties. Forward-looking statements, which are based on
certain assumptions and describe future plans, strategies, and
expectations, are generally identifiable by the use of words such
as "believe," "expect," "intend," "anticipate," "estimate,"
"project," or similar expressions. These forward-looking statements
relate to, among other things, expectations of the business
environment in which the Company operates, projections of future
performance, potential future performance, perceived opportunities
in the market, and statements regarding the Company's mission and
vision. The Company and all affiliated parties do not assume any
duty to publicly update or revise the material contained
herein.
Contacts: Investor Relations
888-610-2242info@dragonpolymers.com
Lead Innovation (PK) (USOTC:LEIC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Lead Innovation (PK) (USOTC:LEIC)
Historical Stock Chart
From Jul 2023 to Jul 2024
