Dragon Capital Group to Install Electronic Valve Management Software System for Shanghai North Gas Company

SHANGHAI, July 15, 2014 /PRNewswire/ -- Dragon Capital Group Corp. (DRGV), a leading holding company of emerging high-tech companies in China, announced today its wholly owned subsidiary, Shanghai Yazheng Information Technology Co., Limited ("Yazheng"), has received a contract from Shanghai North Gas Company, Limited ("Shanghai North Gas") for the installation of a valve management software system.

In July, 2014, Shanghai North Gas officially approved and initiated the project "Valves Card Management Software System" at its Jiading branch. The project calls for the installation of a valve maintenance software system through the use of electronic cards designed and produced by Yazheng to manage a total of 7,800 high, median and low pressure valves operated by Shanghai North Gas at the branch. The system will replace the current manual recording system used by Shanghai North Gas to help provide more accurate data and facilitate the implementation of more efficient maintenance programs.

Mr. Lawrence Wang, Chairman and CEO of Dragon Capital Group, stated "We are pleased to have been awarded this additional project by Shanghai North Gas at its Jiading branch. This system represents another step forward in our work with Shanghai North Gas to fully automate the maintenance services at Jiading. We believe this new system and our other projects with Shanghai North Gas serve as comprehensive proof of the value of our software solutions for other gas companies across China to improve efficiency. We continue to focus our efforts on building this business in 2014 and beyond as we seek to become a software leader in the utility space."

About Dragon Capital Group Corporation

Dragon Capital Group Corp. (OTC: DRGV) is doing business in China through its subsidiaries. Dragon was established to serve as a conduit between Chinese high-growth companies and Western investors. DRGV functions as an incubator of high-tech companies in China, offering support in the critical functions of general business consulting, formation of joint ventures, access to capital, merger & acquisition, business valuation, and revenue growth strategies. DRGV has developed a portfolio of high-tech companies operating in China. For more information about DRGV, please visit http://www.dragoncapital.us.

Safe Harbor Statement

DISCLOSURE NOTICE:

Dragon Capital Group Corp 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. 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.

Contact

Richard Galterio
U.S. Representative
Telephone: [phone] Ext. 316
Facsimile: [phone]
Email: [e-mail]

SOURCE Dragon Capital Group Corp.

Copyright 2014 PR Newswire