SOURCE: Shing Mei Enterprises, LTD

February 25, 2008 09:45 ET

Acheron, Inc. Closes Reverse Merger With Shing Mei Enterprises, LTD on February 13, 2008

SHENZHEN, CHINA--(Marketwire - February 25, 2008) - Shing Mei Enterprises, LTD (Shing Mei) is pleased to announce the successful closing of its reverse merger with Acheron, Inc. (OTCBB: AHRO). Shing Mei is an international designer and manufacturer of a variety of computer components, including wire harnesses, connectors, and cable assemblies. Shing Mei is headquartered in Neihu District, Taipei, Taiwan and has five production and design subsidiaries located within The People's Republic of China.

Under the terms of the transaction, Acheron, Inc. issued to the sole shareholder of Shing Mei 15,000,000 shares of Common Stock, in exchange for 100% of Shing Mei's outstanding shares. An additional 1,000,000 shares were issued into escrow and will be released to one of Shing Mei's executive officers upon meeting certain performance milestones.

Ms. Agatha Shen, CEO of Shing Mei, said, "We are very pleased with the terms and progress of this transaction and we are excited to be a US public company. We are expanding rapidly, and our access to the US capital markets should assist us with our expansion."

Forward-Looking Statements. The statements in this press release regarding Shing Mei's expectations with respect to the expansion of its business, and the expectation as to sources of funding are 'forward-looking statements' within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934. Although these forward-looking statements reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Shing Mei assumes no obligation to update these forward-looking statements to reflect any event or circumstance that may arise after the date of this release, other than as may be required by applicable law or regulation. Readers are urged to carefully review and consider the various disclosures, including the risk factors, made by Acheron, Inc. in its reports filed with the Securities and Exchange Commission, in particular under the caption "Risk Factors" of its 8-K filed on February 14, 2008, which attempt to advise interested parties of the risks and factors that may affect Shing Mei's business. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, Shing Mei's actual results may vary materially from those expected or projected.

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