FT. LAUDERDALE, Fla., Aug. 11, 2005 (PRIMEZONE) -- Dragon International Group Corp., (OTCBB:DRGG) one of China's leading manufacturers and distributors of a wide variety of specialty paper products and packaging materials, has received a purchase order from Shanghai Lunen Industrial Trade Company Limited. Shanghai Lunen Industrial Trade Company Limited has contracted Dragon to supply 5,000 tons of "Hang Kong" holographic film. The purchase order is valued at approximate US $7 million per year.
This recent order is the latest in a string of significant purchase orders received by Dragon International Group Corp. Recent public communications can be found at the company's Web site: http://www.drgg.net.
Chairman and CEO David Wu stated, "Obviously we are very pleased with this new contract. In recent months, we have secured in excess of US $15 million in new purchase orders. With the recent funding, the company has financial resources to fill these orders and secure more contracts. Dragon is committed to emerging as a leading supplier of cigarette paper and packaging in China, the largest cigarette consuming country in the world."
Mr. Wu concluded, "As we look ahead to the current fiscal year, we are very optimistic about our prospects. Demand continues to accelerate and Dragon International has the financial backing, research expertise, and proven management team needed to execute on our growth plan. Overall, we expect to achieve record revenues and net profit growth for the full year 2006."
About Dragon International Group Corp.
Dragon International Group Corp. ("Dragon") owns 100% interest in Ningbo Anxin International Trade Co. Ltd. ("Anxin"). Anxin is located in Ningbo, Zhejiang Province, China, 200 miles south of Shanghai, and was established in 1997. Anxin is one of China's leading manufacturers and distributors of a wide variety of specialty paper products and packaging materials. Anxin operates one subsidiary, Yonglongxin, a manufacturing facility located in Ningbo, and Anxin holds an ISO9000 certificate and national license to import and export its product line globally. Anxin's main products are "Federal" SBS, "Hang Kong" CCB, golden and silver paperboards, holographic film paper, pearl paperboards, and laminating paper. Anxin currently has a distribution network covering east and central China. The company and its subsidiary have cultivated strategic relationships with several of the world's largest and most well-known manufacturers of paper and specialty packaging products. For more information, please visit http://www.drgg.net.
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