Stock Market Alert's performance stock list includes: Dragon
Capital Group Corp (PINKSHEETS: DRGV), Microsoft (NASDAQ: MSFT),
Applied Materials Inc. (NASDAQ: AMAT) and Google Inc. (NASDAQ:
GOOG).
Breaking News: Dragon Capital Group (PINKSHEETS: DRGV)
subsidiary receives award for technology achievement by Shanghai
Municipal Government for development of city gas pipeline risk
assessment system. The company recently announced in August that
revenue for the first six months of 2009 reached $26.9 million,
increasing by 20% from the $22.3 million recorded in the first six
months of 2008.
Now the company, a leading holding company of emerging high-tech
companies in China, issued a press release yesterday after the
markets closed announcing that its subsidiary, Shanghai Yastand
Information Technology Company, Limited ("Shanghai Yastand"), has
received an award for technology achievement from Shanghai
Municipal Government for developing a city gas pipeline risk
assessment system. In addition, Shanghai Yastand has renewed its
agreement with Shanghai North Gas Company, Limited to fully
implement the pipeline risk assessment system which monitors
Shanghai North Gas's 5,280-kilometer underground gas pipelines in
north metropolitan areas of Shanghai.
Chairman and CEO, Lawrence Wang, stated, "We are very excited
about the potential of this technology which we intend to market to
numerous metropolitan areas in China. We believe there is a vast
untapped market for this technology and we intend to aggressively
pursue this opportunity. We intend to actively market our system
and technology in over 2,000 metropolitan areas in China in the
next few years which could have a substantial positive impact on
our company's operating results should we prove to be
successful."
The new risk monitoring system will allow Shanghai North Gas
Company to monitor any potential breakdown in the underground gas
pipelines by detecting gas leakages without the need for additional
expenses and works. The new system will provide tremendous economic
and environmental benefits by detecting early stage gas leaks
enabling quick repair responses to significantly reduce gas losses.
Shanghai Yastand developed this system in 2005 and obtained
copyrights from National Copyright Bureau of China in 2006.
In August 20, 2009, the company reported announced its financial
results for the second quarter ended June 30, 2009. Financial
highlights included: Revenue for the second quarter ended June 30,
2009 was $15.0 million, a 27% increase over the $11.8 million
recorded in the second quarter of 2008. Cost of goods sold for the
second quarter of 2009 were $14.1 million compared to $11.2 million
in the second quarter of 2008. Net income from continuing
operations for the second quarter of 2009 was $124,500, increasing
from the $31,000 recorded in the first quarter of 2009. Net income
in the second quarter of 2008 was approximately $215,000. This
decrease in net income was largely attributable to an increase in
selling expenses as a result of the challenging economic
environment.
Revenue for the first six months of 2009 reached $26.9 million,
increasing by 20% from the $22.3 million recorded in the first six
months of 2008. For the first six months of 2009, net income from
continuing operations was $155,400 down from $450,800 in the first
six months of 2008 and mainly attributed to higher selling expenses
in 2009.
At June 30, 2009, total assets were $14.6 million compared to
$15.9 million at December 31, 2008. At June 30, 2009, shareholder
equity was $7.1 million and total current assets were $14.3 million
with working capital of approximately $7.8 million.
The stock closed yesterday at a Penny a share.
For an in-depth profile of Dragon Capital Group, visit
http://www.wallstreetenews.com/view-company-profiles.php?profile=DRGV_072109.
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Microsoft (NASDAQ: MSFT) down 0.5% on 40.7 million shares
traded. Microsoft is the worldwide leader in software, services and
solutions that help people and businesses realize their full
potential.
Applied Materials, Inc. (NASDAQ: AMAT) up 0.3% on 20.9 million
shares traded. Applied Materials, Inc. is the global leader in
Nanomanufacturing Technology(TM) solutions with a broad portfolio
of innovative equipment, services and software products for the
fabrication of semiconductor chips, flat panel displays, solar
photovoltaic cells, flexible electronics and energy-efficient
glass.
Google Inc. (NASDAQ: GOOG) down 0.6% on 1.8 million shares
traded. Google's innovative search technologies connect millions of
people around the world with information every day.
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of Stock Market Alerts LLC, an electronic broadcaster and publisher
of this release, and hereafter referred to as "the company." The
company also maintains a contractual, working relationship with
Wall Street Capital Funding LLC. and its Wall Street News Alert
brand. For current services performed for Dragon Capital Group Corp
(PINKSHEETS: DRGV), China Direct Industries, Inc. ("China Direct
Industries"), Sunwin International Neutraceuticals, Inc., China
America Holdings and China Armco Metals, Inc., the company has been
compensated a total of Three Hundred Thousand Dollars (Two Hundred
and Fifty Thousand dollars for current services and Fifty Thousand
dollars for previous services) by China Direct Investments Inc., a
Florida corporation, and a wholly owned subsidiary of China Direct.
The company does not hold any shares of the stock. Because the
company received compensation for its services, there is an
inherent conflict of interest in the company statements and
opinions and such statements and opinions cannot be considered
independent.
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informational purposes only, and not to be construed as an offer to
sell or solicitation of an offer to buy any security. The company
makes no representation or warranty relating to the validity of the
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material facts necessary to make an investment decision are
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