SOURCE: Eternal Technologies Group, Inc.

March 02, 2005 08:30 ET

Eternal Technologies Group Names 2 New Directors to Its Board of Directors

HOUSTON, TX -- (MARKET WIRE) -- March 2, 2005 -- Eternal Technologies Group, Inc. (OTC BB: ETLT) today announced that the Company has named Mr. Tielian Liu and Mr. Xingfa Xu to the Company's Board of Directors.

As a highly regarded businessman and academic in the Peoples' Republic of China, Mr. Xu brings over 20 years of experience to the Board of Eternal. Mr. Xu graduated from Hubei University with a degree in finance. During his association from 1979-1990 with Zhongnan University as a professor of finance and economics, Mr. Xu published over 20 research papers and books. He was also a professor with China Integrated Development Academy. He was also the founder of the first research institute focusing on stock market investing in China. Mr. Xu was instrumental in assisting two companies to go public in China. He was involved in government planning work for energy resources and public health for the City of Shenzhen. From 1994 to 2004, he was Vice Chairman of Huihua Group Corp. and Senior Advisor to the Finance Committee for Guangdong Nuclear Power Group and Galaxy Securities Co. During his career, Mr. Xu has raised over 300 million RMB for several companies in China.

Eternal also named Mr. Tielian Liu to the Board of Directors. Mr. Liu was the Chief Executive of E-Sea prior to the acquisition by Eternal and is currently the Vice Chairman of Eternal Technologies Group, Inc. He earned an MBA degree from Zhongnan University of Finance and Politics. He also lectured at the university for several years. In 1989, he joined Shenzhen Food Trade Group Co. and became the Finance Director and later ran a subsidiary of Shenzhen Food.

Mr. JiJun Wu, Chairman of Eternal Technologies Group Inc., said, "We believe that the additions of talented and capable people like Mr. Liu and Mr. Xu is extremely important for the growth of Eternal."

The information contained in this press release should be read in connection with the company's Quarterly Report filed on Form 10-QSB for the quarter ended September 30, 2004 and its Annual Report filed on Form 10-KSB for the year ended December 31, 2003.

About Eternal Technologies

Eternal is a major agricultural genetics and biopharmaceutical R&D firm operating in China with the support of the Chinese Government. Eternal's animal breeding division has a strong asset base, cash position and net income. Eternal has become one of China's leading institutions for biopharmaceutical and biotech research, pure breed cultivation and breed stock production. The Company has secured a key market niche by commercializing gene engineering technologies and providing superior breeding stock, allowing China's citizens the ability to improve their living standards. With the world's largest population, a double-digit national growth rate and entry into the WTO, Eternal Technologies has a playing field set for tremendous opportunity. As a prominent player in the agricultural genetics industry, cash in the bank and an untapped market, Eternal has the potential to become a major player in China's national growth.

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