CybeRelease: (OTC: BDGR) Announces 400% Growth
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit
LAKE HARMONY, PA - 8/24/2006 - Black Dragon Resource Companies, Inc. (OTC PK: BDGR)-announced unaudited revenue results for the first six months of the calendar year 2006 ending on June 30, 2006. Revenues for the period were approximately $1,644,543 compared to $406,336 for the same period in 2005, or a 400% year to year increase, and a 450% increase in the second quarter from the same period in 2005.
Rick Michael, President of Black Dragon stated, “Our revenue results show that Black Dragon is experiencing rapid growth based on our previously announced acquisitions and our commitment of resources to bring these properties into production. During the quarter, we were able to raise over $900,000 of additional equity, which we employed in purchasing and in bringing the companies Caddo Lakes and Hosston Field properties into production.”
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