Oriental City Group plc
OCG SIGNS CO-OPERATIVE AGREEMENT WITH CHINA DRAGON MEMBERSHIP SERVICES LTD
Oriental City Group plc / Alliance Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- OCG SIGNS CO-OPERATIVE AGREEMENT WITH CHINA DRAGON MEMBERSHIP SERVICES LTD Oriental City Group Plc (PLUS Ticker: OCGP, Frankfurt Ticker :TCN, WKN: A0MMTC), the Hong Kong based financial services group specialising in Lifestyle Credit Card issuance and payment services, announces that its 100% wholly owned subsidiary Oriental City Group China Ltd has signed a co-operative agreement with China Dragon Membership Services Ltd ('China Dragon'). China Dragon is an established golf and country club membership agent in Hong Kong and China. The co-operative agreement signed between OCG and China Dragon will capitalize on the strength of the combined membership databases between the companies thereby creating a substantial golfers database in Greater China. The companies plan to implement a series of aggressive marketing programs, which will offer privileges such as exclusive club memberships, golf holiday promotions, access to golf tournaments and private previews of the latest golfing equipments. Established in the 1990's, China Dragon today boasts over 120,000 members in Hong Kong and a further 150,000 members in China. China Dragon has an extensive portfolio which deals with many of the golf courses and golf service providers in China. HENRY YU, FOUNDER AND CHIEF EXECUTIVE OF OCG, COMMENTED: 'We are pleased to have signed this agreement with such an established partner in the golf services industry in Hong Kong and China. China Dragon is a well known and reputable club membership agent in Hong Kong and China. This significant partnership will offer OCG's Golf Card greater exposure throughout China and will offer strategic benefits to both parties.' The Directors of Oriental City Group Plc accept responsibility for this announcement. For further information: ORIENTAL CITY GROUP PLC Henry Yu, Chief Executive +(852) 2546 8808 Henry.yu@ocg.com.hk ATLANTIC LAW LLP Matthew Thompson +44 (0) 20 7616 2888 matthew.thompson@atlantic-law.com CONDUIT PR LTD Christian Taylor-Wilkinson/Jos Simson +44 (0) 20 7429 6603 jos@conduitpr.com Christian@conduitpr.com NOTES TO EDITORS: Oriental City Group Plc issues Lifestyle Credit Cards in Hong Kong and China and offers exclusive and unique platform-wide privileges to customers based on their respective lifestyle interests. Founded in 2001, OCG launched its first Lifestyle Card in Hong Kong 2002, the 'Golf VISA Card', accumulating over 20,000 members within one year and today has the largest golfers' database in Asia. Since then OCG has launched a further three Lifestyle Cards in Hong Kong, including the Lady's Card and Man's Card for the health & beauty market, the Family Card, and the first ever 'Golf Card' in China. OCG is set to further expand its portfolio with four more Lifestyle Cards set to be introduced in China in this year. OCG is among the first financial institutions introducing China Unionpay Card Payment Services internationally outside China, in order to meet the increasing payment needs of the growing Chinese tourists around the globe. DGAP 31.05.2007 ----------------------------------------------------------------------
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