In last night’s press release, the company announced that it has partnered with Hawk Associates Inc. to provide investor relations consulting and services. The CEO of Dragon Capital stated, “We are pleased to welcome Hawk Associates as our investor relations consultant because of their proven results in increasing companies exposure in U.S. markets. Their professionalism is highly respected in the investment community and we look forward to working with the Hawk team.”
The CEO of Hawk Associates commented, “As a holding company with seven subsidiaries in the world’s largest and fastest growing market, Dragon Capital is a major beneficiary of the increasing demand from Chinese consumers and businesses for electronic hardware and high-tech applications. Dragon’s fiscal year 2006 revenues were $42.29 , up 51% from $28.07 reported in 2005. Dragon expects $55 to $60 million for fiscal year 2007, with net income in excess of $1.5 . We believe this is going to be an increasingly attractive opportunity for investors and we are delighted to be able to help the company tell its story in Wall Street. ”
The new partnership could bring great exposure to the company, which has made significant announcements in the past, including that management sees 2007 revenues from the current operations of its 7 Chinese subsidiaries in the range of $50-$55 million and that one of the company’s subsidiaries has entered into a contract with China’s fifth largest nonlife insurers.
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