SOURCE: Element 21 Golf Company

January 09, 2007 13:02 ET

E21 Golf Company Appoints Serguei Beziouk, Ph.D. Company Director

TORONTO -- (MARKET WIRE) -- January 9, 2007 -- Element 21 Golf Company ("E21") (OTCBB: EGLF) (FRANKFURT: BJQ) announced recently that it has appointed Serguei Beziouk, Ph.D. to its board of directors effective immediately.

Mr. Beziouk has a long and distinguished scientific career, working within the Aerospace and advanced science arenas. Mr. Beziouk has 10 years international experience in marketing, business development, contract negotiations at senior governmental levels as a Commercial & External Relations Director of the Space Centre. Additionally, he has acted as the exclusive representative of major Russian corporations in North America and a number of Swedish and Finnish companies that operate in Russia.

His background also includes over a decade of experience as a specialist in the Astronaut Office of the Rocket Space Corporation Energia.

"His background makes him an excellent addition to E21 Golf Company's board, with a mix of science and international marketing and negotiations. While 'rocket science' is not normally a requisite in golf companies, E21 has taken a different approach than most," commented Dr. Nataliya Hearn, E21's President and Chief Executive Officer.

E21's Scandium Metal Alloy, the most advanced material ever introduced to the golf industry, is literally based on major advances in rocket science and aeronautics. Considered a 'smart metal' due to its ability to flex when high loads are applied and then rebound to its original shape, it was the secret behind the high performance capabilities of MiG and Sukhoi jet fighters, and is now in use for sections of the International Space Station. Adapting these high performance characteristics requires advanced metallurgical expertise, applied physics and highly complex manufacturing processes.

E21's patented Metal Alloy golf shafts are manufactured to symmetry tolerances of 99.5-99.9%, compared to 60-78% typical in graphite shafts and 80-85% for steel.

"Serguei is well acquainted with scientific advantages of E21 Metal Alloy, and has the skill set to negotiate agreements internationally on behalf of the Company," said Dr. Hearn.

Mr. Beziouk was appointed to fill the vacancy created by the resignation of Jim Morin who left the Company's Board in July.

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 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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