SOURCE: Element 21 Golf Co.

August 04, 2008 09:00 ET

Element 21 Scandium Shafts Win World Golf Championships-Bridgestone Invitational

TORONTO--(Marketwire - August 4, 2008) - Element 21 Golf Company (OTCBB: ETGF) (FRANKFURT: BJQ), the manufacturer of advanced Scandium Alloy golf and fishing equipment, announced today that the player using Element 21 Scandium shafts has won the Bridgestone Invitational.

This player switched to the Scandium shafts in the summer of 2007 and has been using scandium shafts on an UNENDORSED basis since then.

This player has a reputation as being the hardest working professional golfer, hitting thousands of golf balls on the practice range daily and playing in numerous events worldwide each year. Following his switch to the Scandium shafts, he was quoted as saying that he experienced less vibration -- and, therefore, less strain -- in his elbows when he hits the Scandium shafts. He has suffered from an ongoing elbow injury, so the Scandium shafts, with vibration dampening 'ShockBlok™' technology, help keep that from flaring up.

"We have seen that Scandium accuracy is beyond anything experienced in the golf industry to-date, as was shown by the robotic, third-party testing. Now the best players are getting the same results in play. Scandium technology is being used by the best players on unendorsed basis, giving Element 21 true validation of Scandium technology," stated Dr. Nataliya Hearn, e21's CEO.

About The Element 21 Eagle One Scandium Shafts:

Element 21's Eagle One Scandium Alloy shafts are manufactured using a proprietary 25-step production process to create a seamless, extruded shaft. Variable wall thickness and the alloy's high tensile strength results in a vibration dampening system called ShockBlok™ with 270% better shock attenuation than steel shafts that protects golfers' bodies, bones and joints. Each Element 21 shaft is made from a single piece of Scandium Alloy resulting in unmatched consistency from club to club as well as unprecedented accuracy and distance and an industry leading torque of as low as 1.4 degrees.

On average, the Element 21 Scandium shaft registered substantially longer distance than any other shaft it tested against, in some cases by as much as 16 yards at identical swing speeds, using identical 6 iron heads for the test.

While the added distance of the Element 21 Scandium shafts was impressive the dispersion/accuracy ratings it achieved were even more overwhelming. The Scandium shafts recorded dispersion/accuracy ratings as low as +/-1.33 feet from the target zone on center hits. This low dispersion rating showed that the Element 21 Scandium shafts are nearly 5 TIMES more accurate than their nearest competitor.

About Element 21 Golf Company:

Element 21 Golf Company (e21) develops and markets award-winning golf and fishing products made from the Company's next-generation, proprietary Scandium Alloys. Element 21's high performance products deliver dramatic improvements in distance, consistency, accuracy and feel over the most popular products in the US$5.5 billion golf and the US$48 billion international fishing markets.

Originally developed for advanced aeronautics in jet fighters including the MiG, Element 21's patented Scandium Alloys provides the highest strength-to-weight ratio of any material currently used in sports -- 25% improvement over Titanium, 40% improvement over Graphite/Epoxy, 52% improvement over Aluminum, 70% improvement over Steel. They also provide unique vibration dampening properties resulting in products with unprecedented feel over competing materials.

Element 21 Golf Company has recently expanded its product line to include fishing equipment that has quickly secured international recognition by winning several top honors at the 2007 ICAST, the world's largest sports fishing trade show.

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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