ORLANDO, Fla., May 6, 2004 (PRIMEZONE) -- Dragon Environmental Corp. (Pink Sheets:DRVC) announced today that it has entered into a Letter of Intent to acquire Refined Resources Inc. ("Refined") in a proposed share swap transaction.
Refined is a private junior resources company incorporated in the State of Nevada, USA. The Company was formed to pursue opportunities in the mineral resource sector with a specific view to exploit and develop promising base metal exploration and development projects in the People's Republic of China.
For more information regarding Dragon or its projects, please contact Basil J. Meecham, President at (407-355-0950).
Certain matters discussed in this news release are "forward-looking statements." These forward-looking statements can generally be identified as such because the context of the statement will include words such as Dragon "expects," "anticipates" or words of similar import. Similarly, statements that describe the Company's plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, which could cause actual results to differ materially from those anticipated. Although Dragon believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that the expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Forward-looking statements made herein are only made as of the date of this news release and Dragon does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.