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New York rap label Ruff Ryders has announced several new projects in 2010, including a reunion album featuring DMX, Eve and The Lox, a new album from Drag-On and a new venture, Ruff Ryder Indy.

Drag-On, born Mel Small, will release his third and final album for Ruff Ryders entitled My Life, My Legacy, My Melody in March.

The release will drop on Drag-On’s own record label Hood Environment, which he founded in 2006.

“I’ve reinvented myself and created a whole new sound,” Drag-On told AllHipHop.com in a statement. “I’m trying to create another umbrella in this game with my label Hood Environment and my artists Da Dude and Eyez.B. However, I’m still the original ‘Fire-Man.’”

Drag-On entered into a joint venture deal with Ruff Ryder Indy to distribute his third official release.

Ruff Ryder Indy is a new, national distribution company founded by Ruff Ryder CEO Waah Dean. The distribution company serves independent artists with various album budgets.

“Over the last 20 years, my family and I have built the Ruff Ryders brand on good music, original talent and hard work,” Waah Dean stated. “Now, we are entering a new chapter of our company with album releases from Drag, Mook and the Ruff Ryder team, as well as the creation of our new ‘Ruff Ryder Indy’ division.”

Drag-On’s album will be followed by Ruff Ryders Evolution: Generation I.

The album will feature production from group member Swizz Beatz, in addition to appearances by Jadakiss, Styles P., Sheek Louch, Eve, Drag-On, DMX and the label’s newest artist, Mook.