SHANGHAI, April 7, 2014 /PRNewswire/ -- Dragon Capital
Group Corp. (OTC: 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 an intelligent regulator control system at Jinshajiang
Gate Station.
In January, 2014, Shanghai North Gas officially approved and
initiated the project "Intelligent Regulator Joint Control System"
at Jinshajiang Gate Station. This project has comprehensively
considered many factors such as technology, economic, gas pipeline
and other basic production facilities, and how the operation of
this project will directly affect the company's production
efficiency and profit, the public safety and property security.
Yazheng was selected by Shanghai Gas to install its intelligent
software system as part of the project and expects to complete
installation in 2014. The fully automated system will enable
Shanghai Gas to have centralized control and monitoring of all
related equipment at the gate station as opposed to single control
of each system individually. Through the system's hydraulic
calculation model, problems with anything related to the
high-medium pressure regulators and related equipment can be
pinpointed so as to improve the dispatch system for repairs.
Currently, a considerable number of gas companies, gate stations
and storage stations in China are
still operated manually or by a single automatic control mode,
resulting in inefficient management of resources.
Mr. Lawrence Wang, Chairman and
CEO of Dragon Capital Group, stated, "We are pleased to have been
selected by Shanghai Gas for this important project at their
Jinshajiang Gate Station We are confident that this installation
will demonstrate the expansive capabilities of our software and
serve as a model for other gas companies across China who are seeking ways to become more
efficient to improve profitability. We intend to further our
marketing efforts for this software and related services to other
gas companies in 2014 as we build this business into an important
source of high margin revenue for our company in the years to
come."
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
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"forward-looking statements." Forward-looking statements include,
without limitation, any statement that may predict, forecast,
indicate, or imply future results, performance or achievements, and
may contain the word expressions of similar meaning. Such
statements are not guarantees of future performance and are subject
to risks and uncertainties that could cause the company's actual
results and financial position to differ materially from those
included within the forward-looking statements. Forward-looking
statements involve risks and uncertainties, including those
relating to the Company's ability to grow its business. Actual
results may differ materially from the results predicted and
reported results should not be considered as an indication of
future performance.
Contact:
Richard Galterio
U.S. Representative
Telephone: (954) 363-7333
Facsimile: (954) 363-7320
Email: info@dragoncapital.us
SOURCE Dragon Capital Group Corp.