SHANGHAI, July 15, 2014 /PRNewswire/ -- Dragon Capital Group Corp. (DRGV), a leading holding company of emerging high-tech companies in China, announced today its wholly owned subsidiary, Shanghai Yazheng Information Technology Co., Limited ("Yazheng"), has received a contract from Shanghai North Gas Company, Limited ("Shanghai North Gas") for the installation of a valve management software system.
In July, 2014, Shanghai North Gas officially approved and initiated the project "Valves Card Management Software System" at its Jiading branch. The project calls for the installation of a valve maintenance software system through the use of electronic cards designed and produced by Yazheng to manage a total of 7,800 high, median and low pressure valves operated by Shanghai North Gas at the branch. The system will replace the current manual recording system used by Shanghai North Gas to help provide more accurate data and facilitate the implementation of more efficient maintenance programs.
Mr. Lawrence Wang, Chairman and CEO of Dragon Capital Group, stated "We are pleased to have been awarded this additional project by Shanghai North Gas at its Jiading branch. This system represents another step forward in our work with Shanghai North Gas to fully automate the maintenance services at Jiading. We believe this new system and our other projects with Shanghai North Gas serve as comprehensive proof of the value of our software solutions for other gas companies across China to improve efficiency. We continue to focus our efforts on building this business in 2014 and beyond as we seek to become a software leader in the utility space."
About Dragon Capital Group Corporation
Dragon Capital Group Corp. (OTC: DRGV) is doing business in China through its subsidiaries. Dragon was established to serve as a conduit between Chinese high-growth 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 high-tech companies operating in China. For more information about DRGV, please visit http://www.dragoncapital.us.
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SOURCE Dragon Capital Group Corp.