GREENWOOD, SOUTH CAROLINA -- (Marketwire) -- 12/20/12 -- Dragon Polymers, Inc. (PINKSHEET: DRAG) has met all of the conditions of the 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 conditional contract called 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 representative from WORLDSBEST visited the facility in Greenwood and gave the supply agreement the green light to start, based on the quality of the Nylon 66 available. The shipping of the material is due to commence in the first quarter of 2013.
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 Nylon6,6 waste.
SAFE HARBOR STATEMENT
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