Dragon Polymers Inks Supply Agreement with Chinese Recycling Company
November 29 2012 - 7:00AM
Marketwired
Dragon Polymers, Inc. (PINKSHEETS:DRAG) has signed a supply
agreement with HANGZHOU WORLDBEST IM. & EXP. Co LTD, Hangzhou
Zhejiang, China. The supply contract is for 8,800,000 lbs. of Nylon
66 fiber, from the Greenwood, South Carolina landfill facility. The
material is sold, FCA Factory, Greenwood, SC, and is shipped in 40'
shipping containers to the port of Shanghai.
The conditional contract calls for a representative from the
purchasing company to be sent onsite to inspect the Greenwood
facility to ensure quality of the Nylon 66 Fiber. The 8,800,000
lbs. of Nylon 66 fiber will be shipped over a period of 12 months,
payment guarantee will be in form of a letter of Credit.
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 66 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.
Contacts: Investor Relations
888-610-2242info@dragonpolymers.com
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