SOURCE: China Jiangsu Golden Horse Steel Ball

December 20, 2007 08:17 ET

China Jiangsu Golden Horse Steel Ball Announces Corporate Update

XUYI, JIANGSU, CHINA--(Marketwire - December 20, 2007) - China Jiangsu Golden Horse Steel Ball, Inc. (PINKSHEETS: CJGH) ("Golden Horse" or "the Company"), a leading Chinese manufacturer and supplier of ball bearings, today announced a corporate update.

"The change of our corporate name and ticker symbol on October 5, 2007 marks a new beginning for our Company," said Golden Horse Chairman and President, Qiang Ma. The Company changed transfer agency from American Registrar & Transfer Co. to Global Sentry Equity Transfer Inc.

Golden Horse along with its affiliates and controlled entities is one of the top five manufacturers of steel ball bearings in China. The Company produces over three billion ball bearings annually of various specifications along with its development of over 15 new products, such as stainless steel balls, aluminum balls, and ceramics balls. In addition, the Company continues to export its products to over twenty countries worldwide including the USA, Japan, Brazil, India, and Germany.

Mr. Ma further stated, "Our Company has focused solely on the production of steel balls, since our founding in 1987. Today we are one of China's largest producer and a leading specialized manufacturer in this area. Our high technical standards, our drive for quality improvements, and our efforts to reduce production costs, have earned us respect. In turn, we have always held our customers in the highest regard. We have gained trust with not only leading bearing manufacturers in China, but with bearing manufacturers throughout the world. Our position as a leading company in this field has allowed us to improve both the technology and the standard of steel balls. As always, we strive for the highest goal. Our company goal is to continue to improve our technical skills and to provide the best for society. Golden Horse Steel Ball believes its future will be built by people who combine a desire to improve their own skills with the desire to achieve their best."

Forward-looking Statements

The information contained herein includes forward-looking statements. These statements relate to future events or to our future anticipated financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We do not intend to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

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