SHANGHAI, CHINA -- (MARKET WIRE) -- 06/06/2006 -- Dragon Capital Group Corp (PINKSHEETS: DRGV), a leading holding company of emerging technology companies in China, today announced it has engaged Skyebanc, Inc., a full service investment banking firm headquartered in Shrewsbury, NJ, as a placement agent for a private offering of up to $650,000 of common stock and warrants on a best efforts basis.

Lawrence Wang, CEO of Dragon Capital Group, stated, "We are very excited with working with Skyebanc, Inc, who we feel has significant expertise in helping growth companies and we are committed with our growth plan via our organic internal expansion and external acquisitions. The funding will help us achieve our growth plan to enhance our cash flow for our current operations and acquire more promising young Chinese tech companies. Presently, we are in late stage negotiations with three potential acquisition candidates. With additional capital, we feel confident that we can accelerate our strategic growth plan and rapidly expand throughout the course of the coming years."

About Dragon Capital Group Corp

Dragon Capital Group Corp (PINKSHEETS: DRGV) is doing business in China through its subsidiaries. Dragon was established to serves as a conduit between Chinese high-growth companies and Western investors. As China emerges as a growing force on the global stage, DRGV's professionals will provide invaluable services for Western investors seeking to gain access to the Chinese high-tech economy. In addition, 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 of capital, merger & acquisition, business valuation, and revenue growth strategies. DRGV will develop a portfolio of high-tech companies operating in China. Our focus will be on innovative technological applications, which are poised to alter the competitive landscape of the industry. For more information about DRGV, please visit http://www.dragoncapital.us

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About Skyebanc, Inc.

Skyebanc, Inc. operates out of three offices. Our corporate headquarters are located in New Jersey with additional offices in New York and Florida. Skyebanc acts as agent as well as a principle in choosing and making Investments. Skyebanc has cultivated a network of over 200 prominent and institutions mostly in the United States.

Skyebanc, Inc. partners and management have over 50 years of experience in the private equity markets and have collectively funded or assisted in funding over $500 Million in projects over the last decade. In the world of high-risk private equity investments our bankers have significant experience in a multitude of unique ways for structuring and financing deals.

Safe Harbor Statement

Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- especially those relating to China, activities of competitors and the presence of new or additional competition, and changes in Federal or State laws, restrictions and regulations on doing business in a foreign country, in particular China, and conditions of equity markets.

Contact
Jimmy Glickstein
Telephone: 1-877-China-57
Email: info@droagoncapital.us

SOURCE:  Dragon Capital Group Corp

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