SHANGHAI, CHINA -- (Marketwired) -- 08/13/13 -- Dragon Capital Group Corp. (OTC Pink: DRGV), a leading holding company of emerging high-tech companies in China, announced today that Shanghai Water Company, Ltd. has selected its Shanghai Yazheng Information Technology Company ("Yazheng") subsidiary to complete a central control system upgrade project at its Huinan Waterworks facilities.
The project will include a full server and software upgrade at the facilities to handle system integrity and minimize network failures. Yazheng will be responsible for the automation of the pump starting system from manual to automated control powered by the new central control system in order to improve operating efficiency at the plants. Yazheng will also upgrade and fully automate the ammonia detection system at the facilities.
Mr. Lawrence Wang, Chairman and CEO of Dragon Capital Group, stated, "We are very pleased to have been selected by Shanghai Water Company for this automation project. We believe that this contract is another step in helping us reach our goal of successfully establishing a footprint within the utility company sector in China in order to lead to larger, more expansive utility projects. We intend to work diligently to support Yazheng in their efforts to build this important business segment for the future growth of Dragon Capital."
About Dragon Capital Group Corporation
Dragon Capital Group 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
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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