Shanghai Jinkui Files Chinese Patent on Promising Technology
Dragon International Group Corp. (OTCBB: DRGG)
NINGBO, CHINA–(MARKET WIRE)–Sep 28, 2006 — Shanghai Jinkui Packaging Material Company, Limited (”Shanghai Jinkui”), a wholly owned subsidiary of Dragon International Group Corp. (OTC BB:DRGG.OB – News), today announced it has completed the development of two new packaging products by using nanotechnologies. The new packaging products are focused on providing innovative solutions for the pharmaceutical and food packaging industries. Dragon International is one of China’s leading manufacturers and distributors of specialty paper products and packaging materials.
Shanghai Jinkui has received the written notice from the Intellectual Property Rights Bureau of China, indicating the bureau has accepted the patent application of the high isolation alto-extruded multi-layer film/sheet material. Dragon’s R&D team has developed these new packaging technologies in partnership with a Fortune 500 company, utilizing nanotechnologies and materials. The products are alto-extruded and compounded by many kinds of materials and are innovative, non-PVC and non-toxic drugs packaging material. One of the materials is provided by Dragon’s Fortune 500 partner, whose main business is in the special chemistry, textile fiber and plastic businesses. This emerging packaging line is to be used for medical infusion, quick-freeze and fast food markets. Dragon’s new packaging solution would substitute PVDC/PVC tablet and capsule solutions that are currently used for pharmaceutical packaging.
Mr. David Wu, CEO and Chairman of Dragon International Group stated, “We are committed to developing innovative, value-added, packaging solutions for targeted industries. These new packaging solutions are extremely promising, as they allow us to participate in the $10 billion pharmaceutical and food packaging business in China. Utilizing nanotechnology, in partnership with a Fortune 500 company, we have been able to enhance our technological capabilities, and position ourselves for dramatic growth in the pharmaceutical and food service industries. Innovative packaging solutions will allow us to drive our revenues higher for years to come, with substantially higher margins over time.”
About Dragon International Group Corp.
Dragon International Group Corp (OTC BB:DRGG.OB – News) is one of leading China’s 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 Statement
Certain statements set forth in this press release 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.
Contact:
Contact:
Andrew Brown
ROI Group Associates, Inc.
Tel: 212-495-0202
Email: abrown@roiny.com
Source: Dragon International Group Corp.
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