GREENWOOD, SOUTH CAROLINA -- (Marketwire) -- 12/19/12 -- Dragon Polymers, Inc. (PINKSHEETS: DRAG) is currently studying the feasibility of purchasing a 20 foot vibrating screen used in the iron ore mining industry to help reduce the impurities such as soil and rock mixed in with the Nylon 66 fiber. The M160 screen built by Simplicity will be installed on site in Greenwood, South Carolina and will treat the nylon fiber before it is loaded into the shipping containers. Dragon Polymers is confident in being able to reduce the yield lost due to impurities from 25% down to 10%, which in turn increases revenue by 15% per container.
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.