DRGV Dragon Capital Group Corp (PK)

Dragon Capital Group Corporation (Pink Sheets:DRGV), a holding company of emerging high-tech companies in China, reported that its unaudited consolidated revenue for the year ended December 31, 2007 was approximately $47.8 million, an increase of 13% from $42.3 million for 2006. Gross profit on an unaudited basis for 2007 increased 53% to $4.6 million, compared with gross profit of $3.0 million for 2006. For the fourth quarter of 2007, the company's consolidated revenue was $14.3 million, an increase of 14% from $12.5 million for the comparable quarter in 2006 and a sequential improvement of 21% from $11.8 million for the third quarter of 2007. On a consolidated basis, the company reported a net loss of approximately $53,000 for fiscal year 2007. The net loss for 2007 included non-cash expenses of $1.8 million related to consulting fees. Excluding this $1.8 million non-cash expenses, net income for 2007 was $1.7 million or $0.01 earnings per share. At the end of fiscal year 2007, the company substantially improved its balance sheet as total assets rose to approximately $14.5 million, up 36% from $10.6 million at the end of 2006. Shareholder equity rose to $8.1 million at the end of 2007, as compared to $5 million at the end of 2006. The company has published its fiscal 2007 year-end financial statements with financial notes, which are available for public viewing at http://www.pinksheets.com. Chief Executive Officer of Dragon Capital, Lawrence Wang, stated, "Dragon Capital has demonstrated solid year-over year growth in revenue. Gross profit as a percentage of revenue also increased to 10% for year 2007 from 7% for 2006. Looking forward in 2008, Dragon anticipates continued revenue growth not only from existing business operations, but from strategic acquisitions in companies with technology that is complimentary to ours." About Dragon Capital Group Corporation Dragon Capital Group Corporation is a holding company serving as a business incubator for emerging Chinese businesses. Dragon currently controls seven subsidiaries, four of which operate in high-tech, IT products and services and management consulting. Three of the subsidiaries are growing strong recurring revenue streams from electronics hardware distribution and network integration. Dragon's wholly owned management firm, Shanghai Dragon Capital, established in 2005, assists private Chinese technological enterprises to go public in the U.S. capital markets. The company's other three subsidiaries, still in the emerging stage, are focused on wireless Internet applications, mobile business solutions, software development, enterprise management, computerized automations, systems integration and network integration. For more information, visit http://www.dragoncapital.us. A profile for investors can be accessed at http://www.hawkassociates.com/profile/drgv.cfm. For investor relations information, contact Frank Hawkins, Hawk Associates, at (305) 451-1888, e-mail: Dragon.Capital@hawkassociates.com. An online investor kit including press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com. To sign up for free e-mail notification of future releases for this company, sign up at http://www.hawkassociates.com/about/alert/. Safe Harbor Statement In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Dragon Capital Group Corporation, is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "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. These statements include, but are not limited to, our guidance and expectations regarding revenues, net income and earnings. In addition, any such statements are qualified in their entirety by reference to, and are accompanied by, the following key factors that have a direct bearing on our results of operations: our ability to effectively integrate our acquisitions and to manage our growth and our inability to fully realize any anticipated benefits of acquired business; our need for additional financing which we may not be able to obtain on acceptable terms, the dilutive effect additional capital raising efforts in future periods may have on our current shareholders; our dependence on certain key personnel; the lack various legal protections in certain agreements to which we are a party and which are material to our operations which are customarily contained in similar contracts prepared in the United States; the business operating risks and new technology in the business we seek to enter into and currently operate in; the effect of changes resulting from the political and economic policies of the Chinese government on our assets and operations located in the PRC; the influence of the Chinese government over the manner in which our Chinese subsidiaries must conduct our business activities; the limitation on our ability to receive and use our revenues effectively as a result of restrictions on currency exchange in China; our ability to enforce our rights due to policies regarding the regulation of foreign investments in China; our ability to comply with the United States Foreign Corrupt Practices Act which could subject us to penalties and other adverse consequences; and our ability to establish adequate management, legal and financial controls in the PRC. 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. Dragon Capital Group Corporation (Pink Sheets:DRGV), a holding company of emerging high-tech companies in China, reported that its unaudited consolidated revenue for the year ended December 31, 2007 was approximately $47.8 million, an increase of 13% from $42.3 million for 2006. Gross profit on an unaudited basis for 2007 increased 53% to $4.6 million, compared with gross profit of $3.0 million for 2006. For the fourth quarter of 2007, the company�s consolidated revenue was $14.3 million, an increase of 14% from $12.5 million for the comparable quarter in 2006 and a sequential improvement of 21% from $11.8 million for the third quarter of 2007. On a consolidated basis, the company reported a net loss of approximately $53,000 for fiscal year 2007. The net loss for 2007 included non-cash expenses of $1.8 million related to consulting fees. Excluding this $1.8 million non-cash expenses, net income for 2007 was $1.7 million or $0.01 earnings per share. At the end of fiscal year 2007, the company substantially improved its balance sheet as total assets rose to approximately $14.5 million, up 36% from $10.6 million at the end of 2006. Shareholder equity rose to $8.1 million at the end of 2007, as compared to $5 million at the end of 2006. The company has published its fiscal 2007 year-end financial statements with financial notes, which are available for public viewing at http://www.pinksheets.com. Chief Executive Officer of Dragon Capital, Lawrence Wang, stated, �Dragon Capital has demonstrated solid year-over year growth in revenue. Gross profit as a percentage of revenue also increased to 10% for year 2007 from 7% for 2006. Looking forward in 2008, Dragon anticipates continued revenue growth not only from existing business operations, but from strategic acquisitions in companies with technology that is complimentary to ours.� About Dragon Capital Group Corporation Dragon Capital Group Corporation is a holding company serving as a business incubator for emerging Chinese businesses. Dragon currently controls seven subsidiaries, four of which operate in high-tech, IT products and services and management consulting. Three of the subsidiaries are growing strong recurring revenue streams from electronics hardware distribution and network integration. Dragon�s wholly owned management firm, Shanghai Dragon Capital, established in 2005, assists private Chinese technological enterprises to go public in the U.S. capital markets. The company�s other three subsidiaries, still in the emerging stage, are focused on wireless Internet applications, mobile business solutions, software development, enterprise management, computerized automations, systems integration and network integration. For more information, visit http://www.dragoncapital.us. A profile for investors can be accessed at http://www.hawkassociates.com/profile/drgv.cfm. For investor relations information, contact Frank Hawkins, Hawk Associates, at (305) 451-1888, e-mail: Dragon.Capital@hawkassociates.com. An online investor kit including press releases, current price quotes, stock charts and other valuable information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com. To sign up for free e-mail notification of future releases for this company, sign up at http://www.hawkassociates.com/about/alert/. Safe Harbor Statement In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Dragon Capital Group Corporation, is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "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. These statements include, but are not limited to, our guidance and expectations regarding revenues, net income and earnings. In addition, any such statements are qualified in their entirety by reference to, and are accompanied by, the following key factors that have a direct bearing on our results of operations: our ability to effectively integrate our acquisitions and to manage our growth and our inability to fully realize any anticipated benefits of acquired business; our need for additional financing which we may not be able to obtain on acceptable terms, the dilutive effect additional capital raising efforts in future periods may have on our current shareholders; our dependence on certain key personnel; the lack various legal protections in certain agreements to which we are a party and which are material to our operations which are customarily contained in similar contracts prepared in the United States; the business operating risks and new technology in the business we seek to enter into and currently operate in; the effect of changes resulting from the political and economic policies of the Chinese government on our assets and operations located in the PRC; the influence of the Chinese government over the manner in which our Chinese subsidiaries must conduct our business activities; the limitation on our ability to receive and use our revenues effectively as a result of restrictions on currency exchange in China; our ability to enforce our rights due to policies regarding the regulation of foreign investments in China; our ability to comply with the United States Foreign Corrupt Practices Act which could subject us to penalties and other adverse consequences; and our ability to establish adequate management, legal and financial controls in the PRC. 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.