SOURCE: Element 21 Golf Co.

January 23, 2007 16:14 ET

80 Top Dealers Test E21 Shafts

TORONTO -- (MARKET WIRE) -- January 23, 2007 -- Element 21 Golf Company ("E21") (OTCBB: EGLF) (FRANKFURT: BJQ), a manufacturer of advanced Scandium Metal Alloy golf equipment, has been introduced today to Premium Golf Management Co's ("PGMC") top 80 dealers at a special event hosted by PGMC.

As a follow up to the E21 -- PGMC distribution agreement, which provides for the sale of E21 shafts through PGMC's long established dealer network (http://www.accragolf.com/deal-usa.html), PGMC hosted a E21 special golfing event for its top 80 dealers.

PGMC hosted a special E21 dealer introduction event prior to the Orlando PGA Show 2007. PGMC conducted a product knowledge seminar to demonstrate the many features and benefits of E21's shafts. These include the shaft's spineless and symmetrical properties, low torque, ShockBlok™ reflective energy and vibration conductivity restraint system, and Contact Signature Tuned™ -- CST™ features. "The event was a real success! It showcased the technology and performance advantages of E21 shafts. The best way to experience the E21 difference is in play, and that is exactly what the top 80 dealers with proven expertise in club fitting and building did today. The response was overwhelmingly positive", said Michael McDevitt (E21 V.P. Sales North America), who together with Bill Dey (E21 COO) attended the event.

The introduction of the E21 shafts through PGMC' s network will also give E21 shafts exposure on Tour. In the last 18 months PGMC's ACCRA shafts have been used on Tour by more that 100 PGA Tour players. "The combination of the extensive dealer network and the existing relationships on Tour, will give E21 shafts the exposure we have been looking for," said Bill Dey, E21's Chief Operating Officer.

About Premium Golf Management Co.:

With offices in North America and Europe Premium Golf Management Co. (PGMC) is the exclusive distributor for the ACCRA brand of premium golf shafts. PGMC has over 200 ACCRA certified partners worldwide with product sold in over 13 countries. In 2005 and 2006 more than 100 PGA Tour players used ACCRA shafts including multiple users at the 2006 Ryder Cup. ACCRA continues to prove that a "Tour Proven" shaft fitted by the very best club fitters in the world will help any level of golfer improve their game.

About Element 21 Golf Company:

Element 21 Golf Company is a Delaware corporation trading on the OTCBB and the Frankfurt Stock Exchange (FWB) with offices in New Jersey, USA and Toronto, Canada. E21 holds the exclusive right to manufacture golf products using it's proprietary E21 Scandium Metal Alloy. Simply put, E21 clubs are using next-generation technology that delivers marked improvements in distance, consistency, accuracy and feel over any of the most popular products in the $5.5 billion U.S. golf equipment marketplace.

Based on this superior performance, a number of high profile golf professionals have switched to or have begun testing E21's Eagle One shafts in recent months.

E21 Scandium Metal Alloy is the secret behind this advanced performance. Originally developed for advanced aeronautics in jet fighters such as the MiG, it is 55% lighter and offers a 25% greater strength-to-weight advantage over Titanium alloys, the current standard in the golf equipment industry. E21 Scandium Metal Alloy allows greater freedom to move more weight to the perimeter of the club face in woods and hybrids than any other metal, resulting in a significantly larger sweet spot than any other club head. Additionally, E21 Scandium Metal Alloy shafts are almost perfectly symmetrical at 99.5-99.9%, compared to 60-78% typical in graphite shafts and 80-85% for steel.

E21 Golf -- Better Science. Better Performance.

Forward-Looking Statements

Statements in this release, other than statements of historical fact, may be regarded, in certain instances, as "forward-looking statements" pursuant to Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934, respectively. "Forward-looking statements" are based on expectations, estimates and projections at the time the statements are made, and involve risks and uncertainties which could cause actual results or events to differ materially from those currently anticipated, including but not limited to delays, difficulties, changed strategies, or unanticipated factors or circumstances affecting E21 and its business. A number of these risks and uncertainties are described in E21's periodic reports filed with Securities and Exchange Commission. There can be no assurance that such forward-looking statements will ever prove to be accurate and readers should not place undue reliance on any such forward-looking statements contained herein, which speak only as of the date hereof. E21 undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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