SHENZHEN, China, April 6, 2006 (PRIMEZONE) -- New Dragon Asia Corp. (AMEX:NWD), one of China's leading producers of instant noodles, flour-related products and soybean powder, today announced that the company has been added as a component of the Halter USX China Index (AMEX:HXC).
The Halter USX China Index, created by the Halter Financial Group and calculated and distributed by the American Stock Exchange, is comprised of companies whose common stock is publicly traded in the United States and the majority of whose business is conducted within the People's Republic of China. The Halter USX China Index was created in response to the unique economic opportunities taking place in China, as well as the current dynamics in the United States capital markets.
Peter Mak, Chief Financial Officer, commented, "We are pleased with New Dragon Asia Corp.'s inclusion as a member of the Halter USX China Index. This will support our continuing efforts to raise our company's profile and visibility in the US financial markets."
About New Dragon Asia Corp.
New Dragon Asia Corp., a Florida corporation (AMEX:NWD) is headquartered in Shandong Province, China and is engaged in the milling, sale and distribution of flour and related products, including instant noodles and soybean-derived products, to retail and commercial customers. As the fourth largest instant noodle manufacturer in China, New Dragon Asia markets its well-established Long Feng brand through a network of more than 200 key distributors and 16 regional offices in 27 Chinese provinces with an aggregate production capacity of approximately 195,000 tons of flour and more than 1.1 billion packages of instant noodles per year. Instant noodles are also exported to a growing number of countries. For more information, visit the Company's website at www.newdragonasia.com.