SOURCE: China Jiangsu Golden Horse

January 22, 2008 08:30 ET

China Jiangsu Golden Horse Steel Ball Participates in Chinese Government's Five-Year Technology Development Program of Steel Ball Industry

XUYI, JIANGSU, CHINA--(Marketwire - January 22, 2008) - China Jiangsu Golden Horse Steel Ball, Inc. (PINKSHEETS: CJGH) ("Golden Horse" or "the Company") a leading Chinese manufacturer and supplier of ball bearings, wishes to announce that its controlled affiliate, Jiangsu Golden Horse Steel Ball Co., Ltd. ("Jiangsu Golden Horse") will take an active role in the Chinese Government's 11th five-year technology development plan of the steel ball industry, which is formulated based on the requirements of China's Bearing Industry 11th five-year development program, has been approved by China Bearing Industry Association Technology Committee.

Jiangsu Golden Horse, a domestic People's Republic of China company, will undertake several new technology developments in the steel ball industry for 2008 and 2009. Three programs are slated for 2008 and will include the research of G3 grade high-precision steel balls, the research of new resin grinding wheel milling techniques, and the development of automotive bearing steel wire. In 2009, three programs will research the life span test machine of steel balls, development of steel ball line processing technology, and the development of cold heading active control technology of steel balls.

"We take great pride to take an active role in the government's 11th Five-Year Technology Development Program of Steel Ball Industry in China and continue our leading position in the steel ball industry," stated Qiang Ma, President of China Jiangsu Golden Horse Steel Ball, Inc. "Our company employs more than 50 engineers and we look forward to the research and development programs to improve the equipment, the product quality and technologies of steel ball production."

About Us:

The Company 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, aluminium 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.

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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