DRGV Dragon Capital Group Corp (PK)

Dragon Capital Group Corporation (PINKSHEETS: DRGV), a leading holding company of emerging high-tech companies in China, reported un-audited consolidated revenue from the company's six majority owned subsidiaries for the full year of 2008 was approximately $46.8 million, and fairly stable when compared to the full year of 2007. The company reported net income for the full year of 2008 of approximately $860,000 as compared to a net loss of $53,000 for the same period in 2007.

On a consolidated basis the company reported an operating income before taxes and non-cash expenses for the six subsidiaries was approximately $1.4 million as compared to approximately $772,000 for the full year in 2007. At December 31, 2008, the Company increased its cash and cash equivalents to $2.5 million, up 12% from December 31, 2007. Total assets at December 31, 2008 also grew to approximately $15.9 million, up 10% from approximately $14.5 million in 2007. Shareholder equity rose 13.6% to $9.2 million at December 31, 2008, as compared to $8.1 million at the end of December 2007. The company has published its financial statements with financial notes, which are available for public viewing via www.pinksheets.com.

Commenting on the year, Lawrence Wang, CEO of Dragon Capital Group, stated, "We are extremely pleased with our performance in 2008. We have emerged as a profitable company in a difficult environment and improved in almost all balance sheet items including growing our cash position by approximately 12%. In 2008 we improved efficiencies and decreased general and administrative by over $2.3 million, mainly through the reduction of most non-cash compensation. As we navigate through this challenging global economy, we continue to focus on our core operations and search for acquisition opportunities that are complementary to our current operations. We remain confident of our business prospects in fiscal 2009, as we work vigorously to increase our top and bottom line performance in 2009."

About Dragon Capital Group Corp.

Dragon Capital Group Corporation is a holding company serving as a business incubator for emerging Chinese businesses. Dragon currently controls subsidiaries operating 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, is expected to realize its initial revenue and profits in 2007. The company's other three subsidiaries, still in the emergent 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, www.dragoncapital.us.

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.

Investor Relations: Gary Liu Tel: 954-363-7333 ext. 318