SHANGHAI, October 13, 2015 /PRNewswire/ --
Dragon Capital Group Corp. (OTC: DRGV), a holding company of emerging tech companies in China, announced today that its wholly owned subsidiary, Shanghai Yazheng Information Technology Company, Limited ("Yazheng"), has received a contract of Multi-Format Naked Eye 3D System for a period of one year. The contract awarded Yazheng approximately $450,000 for the project that is expected to be completed in 2015. Management estimates the company can achieve 30% to 35% in gross profits.
This Multi-Format Naked Eye 3D System has been initiated and assigned by Shanghai Baosight Digital Technology Company, Ltd. The project expects to integrate the naked-eye 3D technology into virtual reality technology so as to research the solution plans for the integration technology for multi-source naked eye 3D data based on virtual reality, modeling technology in virtual environment, intelligent matching and combinatorial optimization technology for the design and production of template library, conquer a series of key problems such as design method, rendering technology and standardized process, establish the knowledge base for naked-eye 3D resources, study the quick production method based on multi-source knowledge resources, and research naked eye 3D system's demonstration application in the virtual simulation of a variety of risky and complex industrial scene.
Mr. Lawrence Wang, Chairman and CEO of Dragon Capital Group, stated, "we are very pleased to be awarded this new contract for the fiscal year of 2015. Management believes that this new contract will grow our company into Chinese leading domestic service provider in multi-format naked eye 3D products with advanced technology, low cost and high quality. We believe that our market share is expected to reach over 50% within next two years. Management will continue to proactively expand its marketing efforts for its software service expansion in China to grow its profit margin overall."
About Dragon Capital Group Corporation
Dragon Capital Group Corp. (OTC: DRGV ) is doing business in China through its subsidiaries. DRGV was established to serve as a conduit between Chinese tech companies and Western investors. DRGV functions as an incubator of high-tech companies in China, offering support in the critical functions of general business consulting, formation of joint ventures, access to capital, merger & acquisition, business valuation, and revenue growth strategies. DRGV has developed a portfolio of tech companies operating in China. For more information about DRGV, please visit http://www.drgv.us
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SOURCE Dragon Capital Group Corp.