This morning, Dragon Capital Group (PINKSHEETS: DRGV) has announced that its financial results for the third quarter ended September 30, 2009, which included record revenues of $41.1 Million for first nine months of 2009, an increase of 21.87% compared to $33.7 Million for first nine months of 2008.

Revenue for the third quarter ended September 30, 2009 was $14.2 million, a 24.56% increase over the $11.4 million recorded in the third quarter of 2008. Cost of sales for the third quarter of 2009 were $13.3 million compared to $10.6 million in the third quarter of 2008. Net income from continuing operations for the third quarter of 2009 was $356,187, slight decrease from the $383,126 recorded in the third quarter of 2008. Net income in the third quarter of 2009 was approximately $291,000, slight decrease from approximately $310,000 for the third quarter of 2008. The decrease in net income was largely attributable to the Company's efforts to increase sales and market share through an aggressive pricing strategy in a very difficult market environment.

Revenue for the first nine months of 2009 reached record $41.1 million, a 20% increase from the $33.7 million recorded in the first nine months of 2008. For the first nine months of 2009, net income from continuing operations was $799,553 down from $1.11 million in the first nine months of 2008 mainly a result of reduced margins of its main technological product sales.

Mr. Lawrence Wang, CEO of Dragon Capital Group, stated, "As we are emerging away from a very challenging sales environment, Dragon has made a strong effort to increase sales volume and market share through aggressive pricing. Our dedication to this strategy has enabled Dragon to post record sales while remaining profitable for the quarter and the first nine months of the year. We are confident that these gains in market share will result in a significant expansion in our top and bottom line performance as the economy continues to improve in the coming quarters and margins return to normalized levels.