SHANGHAI, CHINA - (MARKET WIRE) -Feb. 12, 2008 - Dragon Capital Group Corporation (Pink Sheets: DRGV), a leading holding company of emerging high-tech companies in China, announced today that the company¡¯s majority owned subsidiary Shanghai Longri Technology Development Co., Ltd. recently unveiled a new network maintenance and support service program branded as ¡°Best-Service.¡± The Best-Service Small Business IT Outsourcing Service is an outsourcing solution geared towards business customers. The company recently launched a website, http://www.best-service.cn, to introduce this new offering to the public.
The Best-Service system targets small businesses and offers individual services to retail customers, with service plans tailored to meet their specific needs. Small business service plans can include system design services and monthly maintenance services. Pricing levels will vary based on services selected and the number of computers covered under the monthly subscription plan. It is anticipated that business client fees will range between US $6 to $19 per computer monthly, based upon the services and maintenance plans selected. A list of features included in the service plans can be found below.
Individual customers can request a particular service from the list of features offered in the Best-Service plans and will be charged on a per project basis.
The Best-Service system is supported by a telephone hotline, 1-800-820-3950, staffed with 30 techno savvy representatives who are trained to answer client software and hardware questions via telephone or through a live Internet chat feature.
Chief Executive Officer of Dragon Capital, Lawrence Wang, said, ¡°The Best-Service system offers comprehensive network solutions for businesses. We are pleased with the reception that our Best-Service system has received. The website gets more than 200 hits daily and our call center fields between 900 and 1,200 calls per day. Customers have begun signing up for annual service plans and we have several business clients in various stages of trials. This service program not only strengthens Longri¡¯s brand recognition, but boosts the overall business performance of Dragon Capital. We plan to issue our operating results for fiscal year 2007 by the end of March and look forward to a strong performance in 2008.¡±
Best-Service system main features include:
* 800 hotline and live chat support;
* Resources Integration Program;
* Product support, including set up, installation and upgrading assistance;
* Hardware support, including hardware error diagnosis and repair, purchase assistance for new products and peripherals;
* Software support, including error diagnosis and problem solving, security management for servers and work stations, file access management and security, and data back-up;
* Network support, including construction of network and servers, internal sharing of network resources, Internet access for enterprise networks, and monitoring/preventing network hacking;
* Anti-Virus support, including diagnosing and removing viruses, providing anti-virus hardware solution options, professional software installation, monitoring virus database updates, and tracking infection types and causes in order to provide tailored virus defense training.
About Shanghai Longri Technology Development Co., Ltd.
Shanghai Longri provides network integration services and IT product distribution for Chinese and multinational companies. Shanghai Longri is an authorized agent for several prominent IT product suppliers that include Epson, IBM, Hewlett Packard, Samsung, Legend and Toshiba. Shanghai Longri also provides network design, equipment installation and after-sales services, including hardware and software integration and support, for various multi-national companies. Shanghai Longri has established retail offices and service centers in Shanghai, Nanjing and Hangzhou, offering professional network services for its customers throughout the eastern area of China. Longri had an estimated $6 million in sales revenue in fiscal 2006. For more information about Shanghai Longri, please visit http://www.long-ri.com.
About Dragon Capital Group Corporation
Dragon Capital Group Corporation is a holding company serving as a business incubator for emerging Chinese businesses. Dragon currently controls subsidiaries operating in high-tech, IT products and services and management consulting. Three of the subsidiaries are growing strong recurring revenue streams from electronics hardware distribution and network integration. Dragon¡¯s wholly owned management firm, Shanghai Dragon, is expected to realize its initial revenue and profits in 2007. The company¡¯s other three subsidiaries, still in the emergent stage, are focused on wireless Internet applications, mobile business solutions, software development, enterprise management, computerized automations systems integration and network integration. For more information, visit, www.dragoncapital.us.
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SafeHarbor Statement
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the company's operations, financial performance and, condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive products, pricing and new technology; changes in consumer preferences and tastes; and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of production, and other factors as those discussed in the company's reports filed with the Securities and Exchange Commission from time to time. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
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