Dragon Polymers Purchasing a Simplicity Screen to Increase Revenue by 15%
December 19 2012 - 4:03PM
Marketwired
Dragon Polymers, Inc. (PINKSHEETS:DRAG) is currently studying the
feasibility of purchasing a 20 foot vibrating screen used in the
iron ore mining industry to help reduce the impurities such as soil
and rock mixed in with the Nylon 66 fiber. The M160 screen built by
Simplicity will be installed on site in Greenwood, South Carolina
and will treat the nylon fiber before it is loaded into the
shipping containers. Dragon Polymers is confident in being able to
reduce the yield lost due to impurities from 25% down to 10%, which
in turn increases revenue by 15% per container.
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 Nylon 6,6 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
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