WEB NEWS Contract Awards
SHANGHAI, China , October 14, 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 exchange system of audio and video media based on cloud technology from Shanghai Wenguang News Media Group. The contract awarded Yazheng approximatelyUS$350,000 for the project that is expected to be completed in the fourth quarter of 2015. Management estimates the company can achieve 25% to 30% in gross profits.
This project, based on cloud technology, is to establish a suite of exchange system of network media. The purposes is to solve the exchange disorder of current network media on a standard level and present cross-enterprise, cross-industry and cross-technology platform solutions for the exchange of network media. This project also includes an exchange platform of network media which is an application of established B/S structure based on the above standard. On the platform, media producers (copyright owners) and users can become members, comply with the common recognition of copyright protections and trade agreements, present their own media and retrieve their own needs, and directly pay for the content that they choose.
Mr. Lawrence Wang , Chairman and CEO of Dragon Capital Group, stated, "this new contract provides us a unique opportunity to prove our competitive advantage in the area of software service development. The new contract directly results from our proactive market efforts for our software development services in the past year. Management will continue to expand its software development services to grow its profit margin overall."
Contract Awards
SHANGHAI, October 13, 2015 /PRNewswire / --
Dragon Capital Group Corp. (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 for 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. It will also 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 scenes.
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 the 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."
