From the Wires
Dragon Polymers Ships Nylon 66 Order to China
By: Marketwire .
Nov. 27, 2012 04:57 PM
GREENWOOD, SOUTH CAROLINA -- (Marketwire) -- 11/27/12 -- Dragon Polymers, Inc. (PINKSHEETS:DRAG) has shipped 132,000, lbs. of Nylon 66 fiber from the South Carolina Landfill site to Erxin International Co., in Huishan district, Wuxi, China. The material has been shipped to the port of Hai Phong-Viet Nam as per the contracts details; the total value of this shipment is $36,000 USD.
This shipment represents the second phase of testing of the material by Erxin International Co., the company previously tested a 50 lbs. sample of the material. The results of the first tests were extremely positive; the material will be cleaned, extruded and pelletized, then resold into the manufacturing industry in Asia.
ABOUT THE COMPANY: Dragon Polymers Inc. is reseller industrial polymers, we have been able to identify a worldwide shortage in certain types of polymers, and specifically petroleum based polymers. As a result of this the company is focusing its efforts in the reclamation of polymers, specifically Polyethylene Terephthalate and commercial grade Nylon 6,6 waste.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company and all affiliated parties do not assume any duty to publicly update or revise the material contained herein.
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