JEFFERSON CITY, Mo., April 9, 2015 (GLOBE NEWSWIRE) -- Dragon Polymers, Inc. (OTC Pink:DRAG) (PINKSHEETS:DRAG). The Corporation is progressing on satisfying the requirements of the Autorité des Marches Financiers (AMF) which will permit the pending name change from Dragon Polymers, Inc. to Hitec Corp, with FINRA so that it reflected on the OTC Markets. The name change was approved by the State of Nevada as of November 4, 2014. Further, the Corporation's sister company, privately held Hitec LLC, is in a due diligence period with a funding group to provide Hitec LLC with debt funding to a maximum of approximately 27 million dollars.
The Corporation's Chairman Harvey Buhr, commented, "We expect the due diligence period will take up to sixty days to complete and then we will make a final decision on whether to move forward with this transaction or not."
The Corporation is a publicly held company engaged in the business of off the road tire (OTR) pyrolysis processing.
Safe Harbor Statement This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
CONTACT: Jeff Michel Director Dragon Polymers, Inc. (Hitec Corp.) Email : email@example.comSource:Dragon Polymers, Inc.