Dragon Capital Group (PINKSHEETS: DRGV) has announced that its subsidiary Shanghai Zhaoli has received Hewlett Packard of China's Diamond Level Distributor Award. Hewlett Packard of China (China HP Co., Ltd.) was established in 1985, it is the first Sino-U.S. joint venture high-tech enterprise. In the past 20 years China HP has grown rapidly and still remains as one of the fastest growing subsidiaries of Hewlett-Packard.

Chairman and CEO, Lawrence Wang, stated, "We are very excited to receive this award from China HP as it continues to demonstrate our effectiveness as their distribution partner. We remain committed to providing our customers with the world's best products and are pleased to be recognized by China HP as a top distributor in our markets."

Last week, the company also reported that the subsidiary had received Distribution Rights from Epson (China) Co., Ltd. for their Liquid Crystal Display products in China.

Epson (China) Co., Ltd., a wholly owned subsidiary of Seiko Epson Corp., is a Japanese company and one of the world's largest manufacturers of printers, scanners, desktop computers, cash registers, integrated circuits, LCD, LCD components and other associated electronic components.

Dragon Capital, which reached revenues of $26.9 million in the first 6 months of 2009 (up 20%), continues to show growth and strength as they received The Hewlett Packard of China's Diamond Level Distributor Award.

The stock closed yesterday at a Penny a share.

For an in-depth profile of Dragon Capital Group, visit http://www.wallstreetenews.com/view-company-profiles.php?profile=DRGV_072109.

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