Stock Guru Profile DRGG
Dragon International has posted fiscal year end numbers that show a clear upward direction. What we need is a big black arrow pointing upwards. Short of that we give you this verbal snapshot of the year end picture:
Net revenues are up 63%;
Operation income is up 620%;
Stockholder equity sits at $8.246 million;
Cash on hand is $466,272.00;Proforma EPS (adjusted) $0.02.
Dragon International’s 10K released on Friday, October 13, 2006, indicated that earnings per share would have been $0.02 per share with the exclusion of stock based compensation and non-cash charges related to debt financing. On Friday, Dragon closed at $0.125 per share.Dragon International posted $18.43 million in net revenues for the year and generated $1.227 million in operation income.
What we have is a company that is moving in the right direction doing business in a region that has and will continue to have the fastest growing GDP in the world for as far as GDP is forecasted by virtually every entity who forecasts GDP.Dragon International is a company with a real future in an industry that is essential and fundamental to GDP growth – packaging. The general consensus is that by 2015 the Asia Pacific region will account for 45 percent of world GDP, compared to 20 percent for the United States and 17 percent for Western Europe. The Asia-Pacific represents the major source of growth within the local market and internationally for many corporations over the next ten years. Inherent within such rapid growth projections are both opportunities and challenges that organizations must surmount. Dragon International has demonstrated its ability to meet and surpass challenges.
Dragon International has an established organization with management that understands the packaging demands of the Asia Pacific Region and they are focused on growth in a region of the world that is in a growth mode.
DRGG – Dragon International Group Corp.
Bldg 14, Suite A09
29 Dongdu Road
International Trading Center
Ningbo, 315000 China
Website: http://www.drgg.net
Phone: 86-574-56169308
Fax: 86-0574-56169378Contact:
Andrew Brown
ROI Group Associates, Inc.
Tel: 212-495-0202
Email: abrown@roiny.com
SOURCE: Dragon International Group Corp. and Harvard Business Review
About Dragon International Group Corp. Dragon International Group Corp. (OTCBB: DRGG) is one of China’s leading manufacturers and distributors of specialty paper products and packaging materials. DRGG is operating as a manufacturer and distributor of paper and integrated packaging paper products. DRGG has a distribution network covering east and central China. Dragon and its subsidiaries 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.
Safe Harbor and Forward Looking Statement: Certain statements set forth in this article constitute “forward-looking statements.” Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company’s actual results and financial position to differ materially from those included within the forward-looking statements, including the Company’s ability to obtain sufficient financing to fund both its internal growth opportunities and acquisition strategy. More information about the potential risks and factors that could affect the Company’s business and financial results is included in the Company’s filings, available via the United States Securities and Exchange Commission at http://www.sec.gov/.
Disclosure: Pentony Enterprises LLC was compensated $22,500 from non-controlling third party ROI Group Associates for profile coverage. Pentony Enterprises LLC is not a registered investment advisers or broker/dealers. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
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