MIAMI, FL--(Marketwired - Jun 2, 2017) - Eight Dragons Co. (OTCQB: EDRG) announces today that it has entered a joint venture with Press Media Group, Inc., an innovative multicultural streaming and entertainment platform provider, to create a content driven company dedicated to serving a variety of target audiences through independent fee-based streaming services and ad-based sales.

We believe that the joint venture will combine Eight Dragons' prospective financial strength with Press Media Group's industry-specific knowledge and will amplify the ability to compete in the global content streaming market, which according to data published by research firm MarketsAndMarkets is estimated to grow from USD 30.29 billion in 2016 to USD 70.05 billion by 2021, at a Compound Annual Growth Rate ("CAGR") of 18.3%.

The joint venture will be led by Alberto Marzan, Founder, CEO and Chairman of Press Media Group, Inc.

"This has always been more than just developing another streaming service, the core reflects our lens into culture and how we see our culture being represented which inspired me to create Press Media Group. Our impact on a global scale will be disruptive and the innovation we are bringing to the industry will clearly set us apart. We are truly excited about partnering with Eight Dragons Company, a true innovator that understands the power of mutually beneficial relationships," stated Alberto Marzan, Founder, CEO and Chairman of Press Media, Inc. "Eight Dragons' vision of connecting energetic and imaginative people to create products and services for the betterment of humankind is strategically aligned with Press Media's vision and we look forward to a long-lasting and profitable relationship with Una Taylor and the Eight Dragons team."

"We are truly pleased to announce our partnership with Alberto Marzan and Press Media Group, Inc.," stated Una Taylor, Chairman and Chief Executive Officer of Eight Dragons. "Our joint venture with Press Media launches our business diversification strategy which is designed to accumulate exceptional product offerings in unique, high growth markets. We believe our joint venture with Press Media, if successful, will generate significant revenues, profits and market appreciation for our company."

About Press Media, Inc.

Press Media Group, Inc., a preferred entertainment destination for multicultural consumers seeking a variety of culturally relevant videos, films, music, audiobooks, and lifestyle content will provide a place for African-American, Afro-European and audiences of African Diaspora to connect and exchange ideas sparked by relatable content. Our mission is for our global culture to connect and contribute through a dynamic digital experience. For more information on Press Media Group, Inc., please visit the company's website at www.pressmediagroup.net (which is expressly not incorporated into this email).

About Eight Dragons Company

Eight Dragons Company (OTCQB: EDRG) is a technology-investment company that invests in and operates companies to support a full-stack development eco-system. Headquartered in Miami, FL and commencing operations in 2017, Eight Dragons seeks to help companies using innovation and vision to address the world's biggest challenges and realize exponential opportunities. For more information on Eight Dragons, please visit our website at www.edrg.com, or follow us on Twitter at @edrgco (both of which are expressly not incorporated into this press release).

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