SHANGHAI, CHINA -- (Marketwire) -- 03/14/13 -- Dragon Capital Group Corp. (OTC Pink: DRGV), a leading holding company of emerging high-tech companies in China, announced today its newly acquired and wholly owned subsidiary, Shanghai Zhiye Software Development Company, Limited ("Zhiye"), has entered into a corporation agreement with Shanghai Mobile Embedded Technology Company, Limited ("METEK") to form a strategic partnership for the development of a number of mobile business solutions.
Established in 2002, METEK is one of China's leading mobile value-added software and service platform providers. METEK has become the largest company engaged in R&D and operation of virtual machine platform and system software in China. It has successfully developed the mobile software store model in China to provide high-quality technical support, products and services to hundreds of domestic well-known and world-famous mobile phone design companies, brand manufacturers and mobile software developers on the industrial chain and over 150 million users.
Zhiye expects to focus its application development efforts through this partnership with the METEK team on several business related mobile application systems. The mobile systems Zhiye intends to develop include a search platform for short-term office and apartment leasing, widgets for mobile site development and electronic publishing, as well as an internet marketing systems application. Upon successful completion of the development work Zhiye intends to work with METEK to strategically market its mobile solutions to METEK's client base which currently exceeds 150 million users.
Mr. Lawrence Wang, Chairman and CEO of Dragon Capital Group, stated, "We are very excited to enter this strategic partnership with one of the leaders in the mobile platform solutions space in China. By working with METEK we can focus on our development efforts knowing that once development is completed, our applications will be available to one of the largest user bases in China. Through this partnership we can focus on our core competency while METEK assists us in sales and end marketing through their vast network and software store platform. Management believes this strategic partnership will greatly enhance our future sales efforts for years to come."
About Dragon Capital Group Corporation
Dragon Capital Group Corp. (OTC Pink: 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
About Shanghai Mobile Embedded Technology Company, Limited
Established in 2002, Shanghai Mobile Embedded Technology Co., Ltd. (METEK) is one of the earliest hi-tech corporations specialized in mobile value-added service in China and one of the software enterprises, high and new tech enterprises and enterprises engaged in transformation of high and new tech achievements in Shanghai. Persisting in technology and business model innovation, the Company has successfully developed the first Merig® virtual machine with independent intellectual property rights in China and a number of other core patent technologies that fill in the domestic and international blanks. For more information about Metek, please visit its corporate website at http://www.me-tech.com.cn/en/index.asp
Merig® is the first embedded cross-platform mobile virtual machine independently developed by METEK with independent intellectual property rights in China to unify software standards under different mobile operating systems and platforms. Merig® 3G is the update version of the Merig to cover mobile phone operating systems on the basis of virtual machines, which not only further improves the efficiency of virtual machines but also improves the operating systems of mobile phones. On the basis of the Merig®, METEK establishes the Zhizunbao® platform, the first "Appstore" in China, which provides users with games, music, entertainment, information, IM and other high experience product
Safe Harbor Statement
Certain statements set forth in this press release constitute "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.
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