SOURCE: Element 21 Golf Co.

December 06, 2006 10:57 ET

Element 21 Golf Company Golf Shot in Space Generates Unprecedented Retailer Interest

TORONTO -- (MARKET WIRE) -- December 6, 2006 -- Element 21 Golf Company ("E21") (OTCBB: EGLF) & Frankfurt (FRANKFURT: BJQ), a manufacturer of advanced Scandium Metal Alloy golf equipment, announced today its positive efforts to keep up with the heavy volume of retailer interest generated by its recent successful golf shot in space from the International Space Station (ISS).

The extensive media coverage of the extraterrestrial golf shot made by Mikhail Tyurin this past Thanksgiving on television networks and the national press has generated a flurry of inquiries from retailers in the U.S. and Canada, as well as some international markets. Independent golf retailers, smaller regional chains and Internet based sales outlets all want to know more about the unique high performance benefits of E21's Scandium Alloy.

According to COO Bill Dey, "We have been preparing for this response. Now we have to put the 'pedal to the metal,' to insure that we can convert these inquiries into sales of our golf clubs and put E21's product on the shelves of retailers across the U.S. and Canada. While the golf shot from the International Space Station generated a lot of interest, it is the unique benefits of E21 proprietary Scandium Metal Alloy that we hope will convince retailers to carry our equipment."

Michael Mcdevitt, VP Sales - North America goes on to explain: "We believe that retailers are ready for the E21 performance advantages that exceed titanium, graphite and steel and that E21's space connection helps publicize the unparalleled distance, feel and accuracy of the E21golf clubs."

Dey further notes, "I have played golf all my life. E21's clubs are not gimmicks, or theoretical improvements that provides benefits only for low handicap golfers. We believe E21 represents a scientific breakthrough, based on decades of work by scientists to produce an advanced metal with superior performance capabilities for aeronautic and space exploration (the famed MiG fighter jets and the ISS). It has taken our scientists more than five years of additional research and development in order to perfect complicated production techniques necessary to work with this advanced smart metal."

E21 is anticipating increased interest in its products during the upcoming PGA Merchandise Show -- the largest and most important annual industry gathering taking place January 25-27, 2007 at the Orange County Convention Center in Orlando, Florida.

Company CEO Dr. Nataliya Hearn goes on to say, "We are focused on using the proceeds from our recently completed equity investment to ramp up our production capabilities and our marketing and sales efforts so that we are prepared to hit the retail market in a big way in Spring of 2007."

About Element 21 Golf Company:

Element 21 Golf Company is a Delaware company 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 its 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 Alloys 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 production delays, difficulties in brining E21's golf products to market, changed strategies, or unanticipated factors or circumstances affecting E21 and its business and market acceptance of its products. 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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