FORT LAUDERDALE, Fla., Aug. 4, 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, today announced that Hangzhou Yongixn Paper Company, Limited ("Yongxin"), subsidiary of Dragon, has recently entered a contract with Jiangxi Jingsheng Printing and Packaging Company, Limited. Under the terms of the agreement, DRGG will supply 200 tons of the golden paper board per month. The contract is valued at approximately $4 million per year.
Chairman and CEO David Wu stated, "We are very pleased with this new contract. This new order is the first one right after we acquired Yongxin this month. The new contract proves the great synergy between Yongxin and Yonglongxin, a manufacturing division of Dragon. We believe revenues and earnings can be ramped quickly with combination of both operations."
About Dragon International Group Corporation
Dragon International Group Corp. ("Dragon") owns 100% ownership interest of 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, 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 well-known manufacturers of paper and specialty packaging products. For more information, please visit http://www.drgg.net.
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