Roseville, CA (PRWEB) September 11, 2008
Dragon International Group Corp, has been selected by NanoCap Gems to its exclusive advertising platform, Featured Gem, as it represents many of the attributes NanoCap Gems considers worthy of its Featured Gem Profile: the company is overlooked; the company has a strong niche in a marketplace that has room to grow; the company is undervalued; and most importantly, the company has tremendous potential.* This platform is reserved for smaller-market companies seeking visibility and exposure in the market place, that possess these kinds attributes. NanoCap Gems feels DRGG is poised for a significant growth spurt in a booming industry in China, the paper packaging industry.*
The following are some highlights taken from DRGG's earnings report for 2008:
- **Revenue in the first nine months of fiscal 2008 reached $33.3 million with net income rising to $2.2 million or $0.02 per share, as compared to revenue of $13.3 million and a net loss of $350,000 in the first nine months of fiscal 2007
- **For fiscal 2009, management currently estimates that revenue will exceed $50 million with earnings reaching $5 million or in the range of $0.04 to $0.05 per share
Dragon is set up in a 2 billion dollar industry, paper packaging, centering on pharmaceuticals, an industry now beginning to boom in China. In the US, it's a 30 billion dollar industry, and China is significantly larger in the masses!
Recently, David Wu, Dragon's Chairman of the Board, had this to say, "We believe that as a result of the decisions made in fiscal 2008, we are poised to take advantage of the substantial growth opportunities in specialty packaging. We anticipate the Chinese government will continue its initiative to increase quality standards in pharmaceutical packaging which will have a positive impact on the overall growth of this industry as well as the growth of our operations. We intend to broaden our product lines and increase our marketing efforts in order to substantially accelerate the growth of our pharmaceutical packaging operations in the coming years. We believe that the pharmaceutical packaging industry in China will remain a high growth sector for many years to come as evidenced by the fact that its market size was roughly US$2 billion in 2007 as compared to US$30 billion in the United States. We are confident that we can grow this business significantly while maintaining healthy profit margins as we strive to increase our shareholder value. Management further believes its pulp and paper operations at Wellton will continue to grow organically and maintain a double digit growth rate for the foreseeable future."
For a complete excerpt, please go to Yahoo Finance: http://biz.yahoo.com/iw/080903/0430058.html
About Dragon International Group Corp:
DRGG is one of China's manufacturers and distributors of specialty paper products and packaging materials. DRGG has a distribution network covering east and central China. The Company and its subsidiaries have cultivated strategic relationships with several of the world's largest and most well-known manufacturers of paper and specialty packaging products. Dragon's Wellton International Fibre Corp subsidiary operates as an agent of pulp and related paper products, primarily acting as an agent and supplier for two categories of goods: paper pulp and waste paper. Wellton customers are manufacturers of paper and related products. The majority of Wellton's customers purchase both products using the services of Wellton. Paper pulp and waste paper are raw materials used to manufacture paper related products such as packaging products, office paper and other paper related products.
About NanoCap Gems:
NanoCap Gems is an on-line financial magazine dedicated to the uncovering and discovering of small-market companies of less than 50 million in market capitalization. NanoCap Gems offers different marketing campaigns through its platform, along with the collectible efforts of its strategic partners. It's Featured Gem Profile's and Stock Spotlights are an advertising medium for the "nano-cap-size" company seeking visibility and exposure, as well as a source of hard-to-find information for the retail investor. With the cutbacks on Wall Street for research forcing brokerage houses and institutions to focus on larger-size companies, the smaller companies on the NASDAQ and OTC investment markets are now largely ignored. NanoCap Gems serves an important niche as a resource center for the investor seeking information in companies with potential, and the uncovering of valuable information in this micro and nano-market place.
The Featured Gem profile is an advertising medium that is strictly the opinion of NanoCap Gems. We are not a registered advisor or broker-dealer. The profile is entirely for information only, as NanoCap Gems is an electronic magazine for media and information. Companies profiled are entirely speculative, and can lose significant value. For consideration, please consult your Financial Advisor.
In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that NanoCap Gems has been hired by a 3rd party as an extension of its investor relations, and has been compensated $15,000 cash for a three month campaign.
**Safe Harbor Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and, condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
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