Business
Market Advisors June 2007 Research Report on Dragon Capital Group Initiates an Intermediate-term Price Target of $0.14
Market Advisors June 2007 Research Report on Dragon Capital Group Initiates an Intermediate-term Price Target of $0.14.
About this update from Dragon Capital Group Corp.
[{"type":"text","content":"Shanghai, China - June 25, 2007 - (M2 PRESSWIRE) - Dragon Capital Group Corp (Pink Sheets: DRGV), a leading holding company of emerging technology companies in China, today announced today announced that the Market Advisors June 2007 research report Dragon Capital Group Corp. (with an intermediate-term price target of $0.14 per share. \n\nThe report is being made available on the Dragon website http://www.dragoncapital.us/investors.htm in response to numerous inquiries for additional information regarding the company from both current and prospective shareholders. \nThe report states: \n\n\"We are initiating coverage of Dragon Capital Group (Pink Sheets: DRGV) with an outperform rating and an intermediate-term price objective of $0.14. Dragon Capital Group is a diversified company with its main focus on evolving high-tech companies located in China. The Company offers support in the critical functions of general business consulting, formation of joint ventures, access to capital, merger & acquisition, business valuation, and revenue growth strategies. Their present strategy is on the development of wireless 3G-based applications and business solutions. Two companies that Dragon has acquired are among the leading providers of mobile Internet applications and business solutions in China. Our belief is that the company will continue to increase market share in an expanding market. Dragon has spearheaded what we believe is a unique business model focused on innovative technological applications, which are poised to alter the competitive landscape of the industry. This strategy has succeeded in the market segments in which the company competes. The current market capitalization does not recognize the breadth and depth of its programs and revenues. We attribute this to its recent announcement of its un-audited consolidated revenues of $42.29 million for the 12 months of 2006.\n\nDragon Capital operates in the rapidly growing technology, telecommunications and maintenance service areas, and the demand for these products and services in China is growing at a breakneck pace. Dragon has assembled a solid management team with strong competencies in software development, mobile Internet solutions, manufacturing, engineering solutions, wireless services, information technology. Both Chinese and US business cultures lead Dragon Capital Group....