MZ will assist Longhai with communicating its corporate, financial and investor developments to shareholders and investors, while building a strong public brand and investor base. Ted Haberfield, Scott Powell, Derek Gradwell, and the MZ Group team will be advising the Company in all facets of corporate and financial communications.

“We look forward to our partnership with MZ Group,” said Steven Ross, Executive Vice President of Longhai. “As we expand our corporate branding and investor relations efforts around the world, we believe MZ Group provides the global reach and an established track record that will help us be more successful. Their strong relationships with retail and institutional investors in Asia and North America in particular will help us tell the Longhai Steel story to more investors.”

“Longhai offers investors a tremendous combination of rapid growth at a compellling valuation,” said Ted Haberfield, President of MZ North America. “We are firm believers in the secular growth opportunities in global natural resources, particularly in emerging markets. The Company’s investments over the past several years have positioned Longhai to realize the benefits in 2012 and beyond. We look forward to working with management to help articulate the exciting developments to investors in the U.S. and China.”

About Longhai Steel Inc.

Longhai Steel is a leading producer of high-quality steel wire in eastern China, with annual capacity of 1.5 million metric tons. Longhai’s wire is manufactured into screws, nails, and wire mesh used for fencing and to reinforce concrete. Longhai recently expanded its production facility to include specialized applications such as steel wire rope, steel strand, steel belted radial tires, and steel welding rod. Demand is based on spending in the construction, automotive and infrastructure industries in China. Company website: www.longhaisteelinc.com .

Safe harbor statement

Certain statements in this news release are forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. These forward-looking statements can be identified by terminology such as “anticipate,” “believe,” “could,” “estimates,” “expect,” “future,” “intends,” “may,” “plans,” “should,” “will,” and similar statements.

The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding China’s economic growth, general industry conditions including local supply and price of wire, environmental risks, Longhai’s business or growth strategy, Longhai’s ability to achieve the new facility’s production expectation; Longhai’s ability to develop and produce higher margin products that achieve market acceptance; the success of Longhai’s investments, risks, and uncertainties regarding fluctuations in earnings, its ability to sustain its previous levels of profitability including its ability to manage growth, intense competition, wage increases in China, its ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, its ability to successfully complete and integrate potential acquisitions, withdrawal of governmental financial incentives, political instability and regional conflicts, and legal restrictions on raising capital or acquiring companies outside China. Although Longhai believes that its expectations stated in this press release are based on reasonable assumptions, actual results may differ from those projected in the forward-looking statements. Although these expectations and the factors influencing them will likely change, we are under no obligation to inform you if they do. These and additional risks that could affect Longhai’s future operating and financial results are more fully described in its filings with the U.S. Securities and Exchange Commission. These filings are available at www.sec.gov .

Longhai may, from time to time, make additional written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on forms 10-K, 10-Q, and 8-K, in its annual report to shareholders, in news releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Longhai does not undertake to update any forward-looking statements that may be made from time to time by or on its behalf, except as required by law.

The agreement, a technology license, enables EmberClear to develop a new low-emissions plant producing gasoline or diesel fuel from coal in the United States. The project could create approximately 1,000 jobs in the U.S. and obtaining a technology license achieves a required milestone for such a facility to be built.

The United States Chamber of Commerce hosted officials from the Ministry of Commerce People’s Republic of China and the U.S. Department of Commerce to witness the signing in Washington D.C.

“The White House and the Chinese government both see the immense value of EmberClear’s agreement with HCERI, not only in terms of the jobs it will help support, but more importantly, it is the cleaner energy we’ll be able to provide to Americans in addition to the improved energy security,” said Albert Lin, CEO of EmberClear.

The plant is intended to generate gasoline or diesel transportation fuel for sale in the United States. The use of this new advanced thermal-chemistry technology allows the production of such fuels with lower emissions than traditional refineries using crude oil.

“This partnership is a strong example of how American energy companies can work with Chinese partners to provide new lower emission energy solutions while simultaneously creating jobs here in America,” Lin said. “The impressive track record of Chinese investment and technical achievement in this field has given rise to a surge of global demand for this type of clean energy technology from other countries, utilities, and consumers sensitive to climate change.”

China and the U.S. have some of the world’s largest coal reserves and both governments are seeking energy independence solutions. These countries have tremendous technologies for making coal a far better – and cleaner – energy source.

“The world is primed to take advantage of China’s investments and deployments of technologies converting coal to all sorts of energy sources with far lower emissions,” Lin said. “In particular, making electric power and gasoline. Both will create thousands of construction jobs and bring in billions of dollars to the region where our plant will operate for many years.”

Photos of the signing are available here.

About EmberClear

EmberClear is an advanced energy development company. Based on global energy needs from a growing population, our solutions are designed to deploy commercial scale energy technologies, which enable dramatic improvements in the efficiency and cleanliness of fossil fuels and alternative energy sources. Our goal is to find economically viable business models with the potential to deliver reduced emissions of over 50% when compared to industry average results in the utilization of coal while also deploying state of the art carbon dioxide capture solutions.

Our expertise is being utilized by a diverse group of governments, utilities and industrial companies spanning a wide range of geographies with the common interest in creating gasification, supercritical (SC), ultra-supercritical (USC), circulating fluidized bed (CFB) and post-combustion carbon dioxide capture (PCC) energy solutions producing electricity, synthetic gas, liquid fuels, fertilizers, and industrial construction products.  Our solutions often include the vast thermal chemistry sciences and processes developed by Huaneng Clean Energy Research Institute (HCERI). HCERI has the most experience and resources devoted to this industry. Our partnership ensures advanced energy solutions are financially sustainable so that the benefits accrue to the global marketplace and not just a few special projects.

For more information, please visit www.emberclear.com.

About Huaneng Clean Technology Energy Research Institute

The world-renowned Huaneng Clean Energy Research Institute (HCERI) has developed patented gasification technology being used in gasification facilities in China with large projects under construction in Inner Mongolia and Tianjin, China. It is affiliated with Huaneng Power Group (NYSE: HNP – News), the largest power utility in China.

(Logo: http://photos.prnewswire.com/prnh/20030303/LNM011LOGO-b )

Other keynote speakers at the three-day event include:

• Green Power Technology Conference — Professor K.W. Eric Cheng from Hong Kong Polytechnic University will present “Efforts in Improving Efficient Energy Conversion”.
• Tablet PC Conference – Gary Gao, Regional Applications Manager of Intel to discuss “Ultrabook: Opportunities for the Local Industry Ecosystem”.
• Internet of Things (IOT) Conference – Ma Jian from the China IOT Association will speak on “Exploring the Market for Internet of Things”.

Apart from being the world’s manufacturing hub of electronics products, mainland China is also an important consumer. According to the Ministry of Industry and Information Technology, the value of mainland China’s electronics product market is expected to see growth of 82 percent from US$753.7 billion in 2008 to US$1,365.8 billion in 2012. Around one-third of mainlandChina’s total electronics revenue is generated by Guangdong province.

“IIC-China is the ideal platform which brings South China’s electronic design community together with the world’s technology vendors under one roof. ADI, Freescale, NXP, Fairchild, Atmel and other key international players will share their latest technology,” said Brandon Smith, President of Global Sources’ joint venture subsidiary eMedia Asia Limited.

“Visitors can also keep up with the IC solutions on offer at the ever popular Taiwan Pavilion, Korea Pavilion, China IC Design Houses Zone and Distributor Zone. It is the ultimate opportunity for engineers to gain face-to-face insight on future design dynamics, developments and solutions.”

IIC-China helps design engineers answer the question on “What innovative IC products and enabling technologies can I integrate into future products?” Smith explained: “It is the industry event for any design engineer who wants to keep in touch with future design trends, hot solutions and electronic needs of the world.”

One lucky visitor to IIC-China this year will also win a smart car worth over RMB100,000 from RS Components, one of the exhibitors.

Product teardowns to focus on tablet PC designs

Analysts from eMedia Asia will host six product teardowns during the show period, giving a dynamic, technology-by-technology analysis of Apple’s iPad2 and four new mainland China-designed tablets.

Engineers can also take part in the lively panel discussions and learn directly from technology leaders, who will explore issues that include:

• “Profitability of New Energy Opportunities”
• “Designing a Winning Tablet PC”
• “The Future of Smartphones”
• “What Technology and Industries will the Internet of Things Promote?”
• “The Innovation of Smartphones: 3D Large-size Touch Screen, Large Memory Capacity, Integrated Interface”

IIC-China will also host over 30 technical application courses (TAC) and TechShare sessions where visitors can glean rich technical content and in-depth IC solutions directly from leading participating vendors such as NXP, TriQuint, Freescale and Fairchild, with topics including:

• “Wireless Memory Data-Logging”
• “Next-Generation Precision Analog/Mixed-Signal Microcontroller Solutions for Embedded Designs”
• “PCB Design: Free Tools to Free Your Mind”
• “Microwave and RF Technologies” and much more

This year’s IIC-China will feature a foundry conference for IC design specialists, with a keynote speech on “The High Performance BCD and UHV 700V Technology Solutions for Specific Applications” presented by Jae Inh Song, senior committee member in the semiconductor division of Korea Semiconductor Industry Association.

Also new to this year’s event is the Private Sourcing Events which offer exclusive opportunities for pre-selected exhibitors to meet large local electronics manufacturers in private during the shows. Representatives from Foxconn, TCL and Toshiba are scheduled to participate.

ACE Awards – honoring innovation facilitators in China

During IIC-China, EE Times-China – leading electronics design title for mainland engineers — plans to announce the winners for China ACE (Annual Creativity in Electronics) Awards 2012. The 18 categories of awards recognize and identify technologies and people that facilitate innovative electronic designs in mainland China. For the finalist list and other information on the Awards, please visit http://www.eet-china.com/ace/2012ace_en.html.

Attendance at IIC-China is free for industry professionals. Interested parties can register for IIC-China in Shenzhen athttp://www.english.IIC-China.com. Mainland China engineers can also view the on-site interviews with selected exhibitors on eMedia Asia websites from Feb. 23 onwards.

About Global Sources

Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China.

The core business facilitates trade between Asia and the world using English-language media such as online marketplaces (http://www.globalsources.com), print and digital magazines, sourcing research reports, private sourcing events, trade shows, and online sourcing fairs.

Over 1 million international buyers, including 85 of the world’s top 100 retailers, use these services to obtain product and company information to help them source more profitably from overseas supply markets. These services also provide suppliers with integrated marketing solutions to build corporate image, generate sales leads and win orders from buyers in more than 240 countries and territories.

Global Sources’ other businesses provides Chinese-language media to companies selling to and within Greater China. These services include online web sites, print and digital magazines, seminars and trade shows. In mainland China, Global Sources has a network of more than 40 office locations and a community of over 3 million registered online users and magazine readers of its Chinese-language media.

Now in its fifth decade, Global Sources has been publicly listed on the NASDAQ since 2000.

About eMedia Asia Limited

eMedia Asia Limited is a joint venture between Global Sources (60.1%) and United Business Media’s EETimes Group (39.9%).

eMedia Asia provides 500,000-plus technology decision-makers throughout Asia and China with access to a multichannel media network. Through its technical events, publications and online network, eMedia Asia leads in providing the region’s electronics community with the business and technical information they need to remain competitive.

Subject to the Court’s final approval, the proposed settlement will result in a release of all claims and does not provide for the payment of monetary compensation to shareholders.  Instead, it provides for the adoption by the Company certain significant corporate governance reforms designed to strengthen the Company’s internal controls and for the payment of plaintiffs’ attorneys’ fees and expenses of $650,000, all to be contributed by the insurers.

The hearing for the final approval of the proposed settlement has been set on March 30, 2012 at 1:30 p.m., pacific time.

The proposed settlement does not involve the pending class action lawsuit filed against the Company and certain of its current and former officers in the United States District Court for the District of Nevada on October 15, 2010.

For more information including important information regarding the rights of shareholders with respect to the proposed settlement, please refer to the Notice of Pendency and Proposed Settlement of Shareholder Derivative Actions filed as an exhibit to the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on February 8, 2012.

About China Green Agriculture, Inc.

The Company mainly produces and distributes humic acid-based compound fertilizers, other varieties of compound fertilizers and agricultural products through its wholly-owned subsidiaries, i.e.: Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd. (“Jinong”) and Beijing Gufeng Chemical Products Co., Ltd. (“Gufeng”), Xi’an Jintai Agriculture Technology Development Company (“Jintai”) and Xi’an Hu County Yuxing Agriculture Technology Development Co., Ltd. (“Yuxing”). Jinong produced and sold 152 different kinds of fertilizer products as of December 31, 2011, all of which are certified by the PRC government as Green Food Production Materials, as stated by the China Green Food Development Center. Jinong currently markets its fertilizer products to private wholesalers and retailers of agricultural farm products in 22 provinces, four autonomous regions, and three central-government-controlled municipalities in the PRC. Jinong had 699 distributors in China as of December 31, 2011. Gufeng, and its wholly-owned subsidiary, Beijing Tianjuyuan Fertilizer Co., Ltd., are Beijing-based producers of compound fertilizer, blended fertilizer, organic compound fertilizer, and mixed organic-inorganic compound fertilizer. As of December 31, 2011, Gufeng produced and sold 313 different kinds of fertilizer products, and had 177 distributors in China. For more information, visit http://www.cgagri.com. The Company routinely posts important information on its website.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the Company’s business, products and financial results. The Company’s actual results may differ materially from those anticipated in the forward-looking statements depending on a number of risk factors including, but not limited to, the following: general economic and business conditions, development, shipment, market acceptance, additional competition from existing and new competitors, changes in technology, the execution of its ten-year growth plan and various other factors beyond the Company’s control. All forward-looking statements are expressly qualified in their entirety by this Safe Harbor Statement and the risk factors detailed in the Company’s reports filed with the U.S. Securities and Exchange Commission. China Green Agriculture undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release, except as required by applicable law or regulation.

Longhai’s 200,000 square meter facility is located in Xingtai City, right in the heart of the steel production district in Hebei Province, China.  Its steel wire is sold domestically and used primarily in the construction industry as the steel is processed into screws, nails, wire mesh for concrete and fencing.  Business is booming for Longhai with record production and sales reported in the fourth quarter of 2011.  During the quarter, the company’s steel wire output was 293,862 Metric Tons, an increase of 23% from the year prior quarter.  Steel wire sales for the quarter increased by 30% to 335,229 Metric Tons in Q4 2011 as compared to Q4 2010.

Longhai Steel is a component of the vertically integrated Longhai Steel Group, which offers them significant advantages over competitors.  For starters, the steel billet that gets processed by Longhai Steel into steel wire comes from across the street at its parent company.  This translates to virtually no shipping costs for LGHS that competitors must shoulder as an expense.  Additionally, the steel is literally still steaming from the extreme heat of processing by Longhai Steel Group when it is delivered to LGHS, translating to lower manufacturing costs and less energy use as a result of not having to heat the steel as much as normally would be required.

LGHS has just opened a second, state-of-the-art production line next door to its original facility that, once fully ramped, will boost its production by an additional 67 percent.  This new line will also open the door to additional clientele as it has the ability to produce alloy steel, cold forging steel, welding rods and steel strands for applications such as wire rope and steel belted radial tires.  LGHS is again a beneficiary of being part of the Longhai Steel Group who is leasing the facility to LGHS for a minimal monthly payment.  Plans for a third production line, targeted for 2013, are already in the works.

Longhai posts the type of numbers that are rarely – if ever – produced by an OTC listed company.  Final figures from 2011, which will reflect sales increases from the fourth quarter, have not been released to date, but trailing twelve month (ttm) figures will make most OTC investors’ jaws drop.  As of Q3 2011, ttm revenue tallied a whopping $555.31 million for LGHS.  Net income equaled $9.32 million.  Diluted Earnings Per Share for the ttm is a stellar $0.93.  If those numbers aren’t impressive enough…the company has NO DEBT.

Taking a moment to separate the wheat from the chaff, Longhai outstrips plenty of its big board competitors.  China Gerui Advanced Metals (NASDAQ:CHOP) has a ttm revenue that equals $315.98 million.  Sutor Technology Group Ltd.’s (NASDAQ:SUTR) ttm revenue rings in at $459.95 million.  Industry giant General Steel Holdings, Inc. (NYSE:GSI) has a ttm revenue of $2.15 billion, but its massive debt load taints the picture for GSI.

A very commonly used analysis of industry peers is the P/E ratio.  Juxtaposing companies via this metric show CHOP, SUTR and GSI to have P/E ratios of 4.23:1, 3.29:1 and 61.11:1, respectively, as compared to LGHS’s tiny ratio of 1.08:1.  By that standard, the company is clearly undervalued.

By virtually all standard measures, LGHS should be a stalwart in relation to peers.  Take a look at a few of these other stats:

The sales increases in Q4 will further bolster Longhai’s balance sheet.  Factoring in a second line running full bore and the company could reach $1 billion in revenue in 2012.  With a miniscule number of outstanding shares (10 million), LGHS is only commanding a $10 million market cap; a ridiculously low amount for a company of its capacities.  It’s a head-scratcher to see a company with a net income that nearly equals their market cap.  It may be ignored at the moment, but a company such as Longhai Steel Inc. will not fly under the radar forever when it is approaching billion-dollar revenue figures, carrying no debt and a price tag of only $1 per share.  Frankly, it’s a bit amazing that it has for this long.

To learn more about Longhai Steel, please see the following resources:

Company Website

Investor Presentation

(Logo:  http://photos.prnewswire.com/prnh/20110118/MM31963LOGO)

China Education Alliance began trading today on the OTC market’s prestigious tier, OTCQX U.S. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

“Investors prefer the quality-controlled admission process on OTCQX which identifies the segment of OTC companies focused on valuation and transparency,” said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. “We are pleased to welcome China Education Alliance to OTCQX.”

Sichenzia Ross Friedman Ference, LLP will serve as China Education Alliance’s Designated Advisor for Disclosure (“DAD”) on OTCQX, responsible for providing guidance on OTCQX requirements.

About China Education Alliance, Inc.

China Education Alliance, Inc. (OTCQX: CEAI) trades in the United States on OTCQX under the symbol “CEAI”. China Education Alliance, Inc. is a leading educational service company offering high-quality online education materials and on-site training and tutoring to students aged 6 to 18 and adults (university students and professionals) aged 18 and over in China. The Company distributes online test preparation materials, researchers’ materials, study guides, audio recordings, and provides vocational skills and certifications training.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks.  Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities.  We categorize the wide spectrum of OTC companies into three tiers – OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC Pink™ (the speculative trading marketplace) – so investors can identify the level and quality of information companies provide.  To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.

Mr. Woodrum, a private investor, served from 2006 to 2009 as a research analyst for Jayhawk Capital Management, a private equity firm focusing on investing growth for small- and medium-sized businesses operating in China.  From 1998 to 2005, Mr. Woodrum was the Chief Financial Officer of CNET Networks, Inc., an online media company, where his responsibilities included raising capital for growth, business model development, financial reporting, annual budgeting, long-term planning, acquisitions, investor relations and tax.  Mr. Woodrum received his B.B.A. in finance and accounting from the University of Iowa.

Ron Chan, Chairman and Chief Executive Officer of ChinaCast commented, “The Board has determined, in accordance with the expressed desire of a number of our significant stockholders, to accept Fir Tree’s request to add Doug Woodrum to the Board as a representative of Fir Tree.  Doug has been a significant stockholder for nearly two years and we believe that he knows the Company well. We welcome his extensive accounting and financial experience with respect to businesses operating in China.  Now that the full composition of our Board has been set, management will focus on continuing our success in managing business operations and maintaining positive relationships with the Chinese regulatory authorities and the state-owned parent universities of our three schools.  Additionally, given what we believe is a significant undervaluation of our Company’s valuation in the public marketplace, management remains fully committed to supporting the Board and Special Committee in the process of exploring strategic alternatives that may result in achieving a better valuation of our Company for all stockholders.”

About ChinaCast Education Corporation

Established in 1999, ChinaCast Education Corporation is a leading post-secondary education and e-learning services provider in China.  The Company provides post-secondary degree and diploma programs through its three fully accredited universities:  The Foreign Trade and Business College of Chongqing Normal University located in Chongqing; Lijiang College of Guangxi Normal University located in Guilin; and Hubei Industrial University Business College located in Wuhan.  These universities offer four year and three year, career-oriented bachelor’s degree and diploma programs in business, finance, economics, law, IT, engineering, hospitality and tourism management, advertising, language studies, art and music.

The Company also provides e-learning services to post-secondary institutions, K-12 schools, government agencies and corporate enterprises via its nationwide satellite broadband network.  These services include interactive distance learning applications, multimedia education content delivery and vocational training courses.  The Company is listed on the NASDAQ Global Select Market with the ticker symbol CAST.

Safe Harbor Statement

This press release may contain statements that are forward-looking, as that term is defined by the Private Securities Litigation Reform Act of 1995.  These forward-looking statements express our current expectations or forecasts of possible future results or events, including projections of future performance, statements of management’s plans and objectives, future contracts, and forecasts of trends and other matters.  These projections, expectations and trends are dependent on certain risks and uncertainties including such factors, among others, as growth in demand for education services, smooth and timely implementation of new training centers and other risk factors listed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2010.  Forward-looking statements speak only as of the date of this filing, and we undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur.  You can identify these statements by the fact that they do not relate strictly to historic or current facts and often use words such as “anticipate,” “estimate,” “expect,” “believe,” “will likely result,” “outlook,” “project” and other words and expressions of similar meaning.  No assurance can be given that the results in any forward-looking statements will be achieved and actual results could be affected by one or more factors, which could cause them to differ materially.  For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act.

Management believes the new corporate name reflects our new business direction to build our company into a truly global organization in 2012 and beyond as we look to grow our sourcing, processing, and distribution business in Mexico and South America. In addition, management intends to actively explore additional opportunities to further diversify its revenue geographically.

In a letter to shareholders, Dr. James Wang, CEO and Chairman of China Direct Industries, Inc., stated the following:

Dear Fellow Shareholders:

As we begin this New Year, I would like to thank each and every shareholder for your continued support and to extend our best wishes to you for a very happy and prosperous 2012. Over the course of this past year our company has achieved a great deal that will help us set the stage for future growth in fiscal 2012 and beyond. We have built a solid foundation for our company to enable us to move forward with our transformation into a truly global organization. In an effort to reflect this exciting global focus for our future, our board of directors has approved changing our corporate name to CD International Enterprises which we will adopt effective January 23, 2012. Our whole team is dedicated to our global effort and we intend to work diligently to make our company a vibrant and growing organization with a geographically diversified revenue base for the benefit of our shareholders.

As we move forward into our exciting future I think it is important to look back at the steps we have taken over the past two fiscal years as well as our future plans to position our company for this exciting new chapter in our corporate history.

In our Magnesium Segment:

1. We have reached the late stage of our planned magnesium consolidation through the acquisition of Taiyuan Ruiming Yiwei Magnesium Co., Ltd., the acquisition of the non-controlling interest in Shanxi Gu County Golden Magnesium Co., Ltd. (“Golden Magnesium”), as well as our proposed acquisitions of Golden Trust Magnesium Industry Co., Ltd. and 80% of Lingshi Xinghai Magnesium Industry Co., Ltd. If we complete our proposed acquisitions, we stand to become the largest producer of magnesium in the world with approximate annual production capacity of 100,000 metric tons. We believe our magnesium business will be the main driver of future growth in both revenue and earnings as magnesium demand is forecasted to reach new levels in fiscal years 2013 and 2014.

2. We successfully completed the implementation of our new UFIDA NC Enterprise Resource Planning (ERP) financial accounting software system at our Golden Magnesium facility. We expect to continue the implementation of the ERP system in our remaining magnesium subsidiaries during fiscal 2012. Full implementation and utilization of the ERP system will help management improve corporate forecasting, overall accounting practices, and financial transparency as we grow our operations in the coming years.

3. We also plan to consolidate our raw material purchasing, sales, accounting, marketing and human resources in order to streamline our magnesium operations. We believe that the cost synergies and economies of scale will help to reduce our production costs and improve our magnesium operating margin. Our directors, Mr. Huang and Mr. Kung, will lead this effort.

In our Basic Materials Segment:

1. Our first step in the geographic diversification of our business began with the development of our international commodities sourcing and processing business. In fiscal 2011, we completed the delivery of two shipments of iron ore sourced from Mexico. Additionally, we set up operations in Bolivia and Chile in an effort to establish a continuous source of iron ore.

2. We expect to ship a total of about 100,000 tons from these three locations in the second quarter of fiscal year 2012. We believe we have the ability to ramp these operations to an average shipping run rate of approximately 100,000 tons per month in the second half of 2012 and reach a rate of 200,000 tons per month in 2013.

3. We are exploring additional sourcing opportunities in Peru for fiscal 2013 to further fuel our growth in this business as we work towards our goal of delivering six million tons of iron ore annually out of this region by 2015.

4. We also intend to establish other geographically diverse revenue streams in this segment and are currently evaluating a potential opportunity in North America for the sourcing, processing, and distribution of scrap metal and steel.

In our Consulting Segment:

1. Over the course of fiscal 2011 we helped complete two transactions for our consulting clients and increased the number of clients for which we provide ongoing advisory services. We assisted one of our advisory services clients, Sunwin International Neutraceuticals, Inc., with establishing a distribution arrangement with Domino Foods for its all-natural low calorie sweetener and we are also working with other opportunities to help them establish sales and business relationships in North America.

2. In addition, we launched the ‘China Value Program’ in order to expand our scope of services to China-based U.S. listed public companies. This program is tailored to assist these companies in navigating through the current market challenges for Chinese companies.

3. Through our marketing efforts we expect to continue to expand our client base in fiscal 2012. We believe this will lead to the addition of several new clients in this fiscal year with at least two of these new clients leading to transactional related assistance. We intend to reach a total of ten ongoing services clients by the end of this fiscal year.

In order to support the growth and diversification of our various businesses we have named Hernan Grant Welch to the position of Executive Vice President and Chief Financial Officer. Mr. Welch has garnered over 30 years of international finance experience in working for both public companies and major auditing firms. His experience will be instrumental in helping us manage the financial aspects of our international expansion. We have also doubled the size of our corporate headquarters to 13,000 square feet. We plan to use the expanded space for additional management and marketing operations for our international commodities distribution business, our consulting services operations, and administration and sales for our magnesium operations.

As we move forward with our expansion plans, we also intend to intensify our own public relations efforts. We will look to take every opportunity and make every effort to raise the profile of our company with the business and investor community as we deliver on our business goals in an effort to increase our corporate visibility value and unlock the true value of what we are building here at our company. We expect the implementation of this growth plan in the coming years to enable us to emerge as a diversified and profitable company that generates sustainable cash flow to fuel our growth for years to come.

In closing, I would like to emphasize that each and every member of our organization is committed to our growth plan and we are excited to enter into this New Year with our experienced management team, streamlined operations and strong business relationships in the U.S., China and South America. We intend to dutifully implement our focused plan for our company as we seek to achieve substantial growth in revenues and earnings while carefully controlling the cost of operations. As always, we thank you for your support and look forward to maximizing the value of our company for you, our shareholders, in the years to come. We look forward to your continuing support as we make this journey together.

Sincerely,

James Wang, Ph.D.
Chairman of the Board

About CD International Enterprises

China Direct Industries, Inc. d/b/a CD International Enterprises (NASDAQ: CDII - News), is a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial consulting services. Headquartered in Deerfield Beach, Florida with corporate offices in Shanghai, CD International Enterprises’ unique infrastructure provides a platform to expand business opportunities globally while effectively and efficiently accessing the U.S. capital markets. For more information about CD International Enterprises, please visit http://www.cdii.net.

DISCLOSURE NOTICE:

In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, China Direct Industries, Inc., is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations concerning our expected growth, cost synergies, iron ore sales and future acquisitions of scrap metal operations, completion of our proposed acquisitions and implementation of our ERP system and efforts to import magnesium into the U.S.

We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Report on Form 10-K for the fiscal year ended September 30, 2011.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

In connection with our proposed acquisitions Golden Trust Magnesium and Lingshi Magnesium and the change of our corporate name discussed in this press release, we will be filing a proxy statement and relevant documents concerning the transactions with the Securities and Exchange Commission (“SEC”). SECURITY HOLDERS OF OUR COMPANY ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders can obtain free copies of the proxy statement and other documents when they become available by contacting our Investor Relations Department, 431 Fairway Drive, Suite 200, Deerfield Beach, FL 33441 (Telephone: (954) 363-7333). In addition, documents we filed with the SEC are available free of charge at the SEC’s web site at http://www.sec.gov and at our websitewww.cdii.net under “Investor Relations – SEC Filings.”

Our company and its directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies in respect of the proposed acquisitions Golden Trust Magnesium and Lingshi Magnesium and the change of our corporate name. Information regarding our directors and executive officers is available in our Annual Report on Form 10-K for the year ended September 30, 2011, which was filed with the SEC on December 23, 2011 and the proxy statement and other relevant materials filed with the SEC in connection with these matters. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. Each of these documents is, or will be, available free of charge at the SEC’s web site at http://www.sec.gov and from our Investor Relations Department, 431 Fairway Drive, Suite 200, Deerfield Beach, FL 33441 (Telephone: (954) 363-7333).

The Special Committee of the Board of Directors (the “Special Committee”), which was formed to consider the Proposal and any potential alternative transactions involving the Company, has retained Shearman & Sterling LLP as its legal counsel and is in the process of engaging a financial advisor to assist it in consideration of such matters. Mr. Yungang Lu, Mr. Davin A. Mackenzie and Mr. Sean Shao were designated as the members of the Special Committee. The Board cautions the Company’s shareholders and others considering trading in its securities that no decision has been made by the Special Committee with respect to the Company’s response to the Proposal. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated.

About AsiaInfo-Linkage, Inc.

AsiaInfo-Linkage, Inc. is a leading provider of high-quality software solutions and IT services in China’s telecommunications industry. Following the merger between AsiaInfo Holdings, Inc. (“AsiaInfo”) and Linkage Technologies International Holdings Limited (“Linkage”) on July 1, 2010, AsiaInfo-Linkage leverages both AsiaInfo’s and Linkage’s leading market positions and complementary customer bases to provide a robust, comprehensive service offering primarily to China’s telecom operators. AsiaInfo-Linkage’s world-class R&D capabilities and extensive base of highly skilled engineers provide best-of-class solutions to help customers differentiate themselves from the competition.

For more information about AsiaInfo-Linkage, please visit www.asiainfo-linkage.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as “believe,” “expect,” “may,” “will,” “should,” “project,” “plan,” “seek,” “intend,” or “anticipate” or the negative thereof or comparable terminology. Such forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially and adversely from those expressed in the statements. Further information regarding these and other risks is included in the Company’s filings with the U.S. Securities and Exchange Commission. The information contained in this document is as of January 20, 2012. AsiaInfo-Linkage does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

The amendments are being made to correct the inadvertent omission by the Company of 28,000,000 outstanding ordinary shares of the Company (the “Additional Shares”) from the total number of issued and outstanding shares initially stated in the Original Merger Agreement. The amended number of total issued and outstanding shares stated in the Merger Agreement is 587,397,825 ordinary shares. In addition to the expected proceeds from the previously announced loan commitment in the amount of HK$320,000,000 from Guotai Junan Finance (Hong Kong) Limited which the Buyer Group intends to use to finance the merger and other transactions contemplated by the Merger Agreement, Mr. Gao has committed to unconditionally disburse US$3.45 million to Parent by way of a shareholder loan at the effective time of the merger pursuant to a promissory note executed and delivered on January 20, 2012 in favor of Parent to provide funds for the acquisition of the Additional Shares in the event the merger is approved by the Company’s shareholders and the other closing conditions are satisfied. Mr. Gao’s disbursement obligation under the promissory note is guaranteed by Guoren Industrial Developments Limited, a shareholder of the Company which is wholly owned by Mr. Gao. Except as provided above, the material terms and conditions of the Original Merger Agreement, including the merger consideration of US$0.126 per ordinary share and US$3.15 per American depositary shares, remain unchanged. The Company’s Board of Directors, acting upon the unanimous recommendation of the Independent Committee formed by the Board of Directors, has approved the foregoing amendment and restatement of the Original Merger Agreement. Taking into account the Additional Shares, the Buyer Group collectively beneficially owns approximately 40.1% of the Company’s issued and outstanding ordinary shares.

About China GrenTech

GrenTech is a leading developer of radio frequency (“RF”) technology in China and a leading provider of wireless coverage products and services in China. The Company uses RF technology to design and manufacture wireless coverage products, which enables telecommunications operators to expand the reach of their wireless communication networks to indoor and outdoor areas such as buildings, highways, subways, tunnels and remote regions. China GrenTech’s wireless coverage services include design, installation and project warranty services. The Company also tailors the design and configuration of its wireless coverage products to the specific requirements of its customers.

Based on its in-house RF technology platform, the Company also develops and produces base station RF parts and components sold to base station manufacturers. GrenTech is a qualified supplier of RF parts and components to major global and domestic base station manufacturers.  For more information, please visit www.GrenTech.com.cn.

Safe Harbor Statement

Certain statements contained in this announcement may be viewed as “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995.  Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of GrenTech to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, and other risks outlined in GrenTech’s filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1 and annual reports on Form 20-F. GrenTech undertakes no ongoing obligation, other than that imposed by law, to update these statements.

Widely recognized for producing high-quality Angelica, CHRI is expanding its TCM offerings with a highly regarded and marketable TCM herb, commonly known as Tianma in China. Pure Gastrodia in Pingwu County of the Sichuan Province contains a high content of active ingredients, with low heavy metal content. Free of pollution and boasting high quality, the demand in the market for pure Gastrodia surpasses the supply in Pingwu County.

“This exclusive agreement adds a stable high quality source of supply of our new flagship product, Gastrodia. Gastrodia demand is large and supply of pure Gastrodia of consistent quality is hard to find.  Having established our leading position in pharmaceutical Dahurian Angelica Root (DAR), allows us to attract high quality supply of key herbs which used with our standards can command higher prices for CHRI as well as our suppliers.” stated Jiayin Wang, Chairman and CEO of CHRI.

The company already started its General Agricultural Process (GAP) standard implementation for Gastrodia.  With standards in place, the quality can be properly managed and controlled.  This is considered by many experts as an essential step in the modernization of Traditional Chinese Medicine (TCM) products.

“CHRI is committed to establishing and promoting standards of raw herbs and TCM products. GAP DAR is now well accepted as the standard for pharmaceutical grade DAR in China and providing stable revenues and margins to CHRI. Gastrodia commands a larger market with high margins.  Gastrodia in 2011 has grown its sales in double-digits.  We expect the Gastrodia product line to continue to add significant revenue and earnings for many years.” added Jiayin Wang.

Gastrodia has large demand in China and Asia and further potential with the demands created from new alternative health products worldwide, general growing aging population and the imminent need to find alternative health solution with less side effects. Gastrodia currently retails for about 250~1,000 Yuan/kg (US$38~150/kg). It is considered one of China’s highest priced TCM drugs available in the market.

About CHRI

China Health Resource, Inc. engages in the development, manufacturing, processing, marketing and sale of raw and pharmaceutical TCM products including Dahurian Angelica Root (DAR) and Rhizoma Gastrodiae and is only the provider of GAP quality DAR in the People’s Republic of China under the registered Trademark Chuan Baizhi™. DAR, which is also known as “Bai Zhi” in Mandarin Chinese, is an herb that is employed as an ingredient in medicine, cosmetics and food, as well as used in TCM for the treatment of pain, swelling and pustule. The Company’s DAR-related products include the Bailing Capsule, Yisheng Capsule, Kimchee-Mate and Fragrant Bag, all of which are sold through regional distributors. The Company was founded in 2001 and is based in Suining, Sichuan Province.

Certain statements in this document regarding financial matters, other than historical facts, and statements of our expectations, intentions, plans and beliefs, constitute “forward-looking statements” within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to certain events, risks and uncertainties that may be outside our control. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”, “will”, and similar expressions identify forward-looking statements. The company intends that such proclamations about future expectations, including future revenues and earnings, future business expansion plans, and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results. These and other risks and uncertainties related to our business are described in greater detail in our filings with the Commission. The foregoing information should be read in conjunction with these filings. We disclaim any intention or obligation to update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made.

Since 2010, the Chinese government has issued a number of policies designed to raise the barriers to entry for the fluorite mining industry and to encourage fluorite mining companies to merge and integrate. China Shen Zhou, as the largest fluorite mining and mineral processing company in northern China, views the acquisition and integration of high-quality fluorite resources as a key part of the Company’s strategic plan.

Since the Company acquired 55% of Xinyi Mining Company in Anhui province, China Shen Zhou has considered acquiring a number of fluorite and barite rich mining companies located in southwestern China. As a result, China Shen Zhou identified and finished its due diligence on several targeted companies and the parties have reached an initial agreement regarding purchase price and transaction structure. Additional details concerning the acquisitions will be disclosed once the definitive agreements are executed.

Ms. Xiaojing Yu, the CEO of the China Shen Zhou, commented: “The Company has always believed that fluorite, as a widely used yet scarce strategic resource, will be in high demand given continuing economic development in China. China’s Wuling mountains are very rich in resources of fluorite and barite and possess excellent ore quality with low levels of phosphorus and sulfur. Barite is similar to fluorite as it is also a widely used diminishing resource.

“Because of China Shen Zhou’s advanced knowledge of the methods of separation of fluorite and barite ore and of methods of deep-processing of barite, the acquisitions of the Wuling mountain fluorite and barite resources will greatly enhance the Company’s reserves, laying the foundation for China Shen Zhou to become one of the largest fluorite mining and processing companies in China. Meanwhile, we will use the acquired barite resources to greatly improve the Company’s mining, processing and production capabilities.

“Furthermore, China Shen Zhou plans to work with local governments as well as both upstream and downstream enterprises to build a high-quality processing center and chemical industrial base to produce low-phosphorus and low-sulfur fluorite.”

Barite

Barite is a mineral consisting of barium sulfate, with a chemical composition of BaSO4, and is the largest natural mineral containing barium. Also, it is the largest source of barium. China is rich in barite, with barite reserves and production ranked the first in the world. Barite mines in China are mostly located in Guizhou province, which contains 34% of the total barite reserves in China.

Barite powder, the primary product of barite, is mainly used in the oil and gas industry as a weighting agent. Deep-processed precipitated barium sulfate, the raw material for making barium salts, is widely used in coatings, paints, inks, daily chemical products, textiles, papers and other products. Barite is categorized as a protective, non-metallic mining mineral by the Chinese Ministry of Land.

About China Shen Zhou Mining & Resources, Inc.

China Shen Zhou Mining & Resources, Inc., through its subsidiaries, is engaged in the exploration, development, mining, and processing of fluorite and nonferrous metals such as zinc, lead and copper in China. The Company has the following principal areas of interest in China: (a) fluorite extraction and processing in the Sumochaganaobao region of Inner Mongolia; (b) fluorite extraction and processing in Jingde County, Anhui Province; (c) zinc/copper/lead processing in Wulatehouqi of Inner Mongolia; and (d) zinc/copper exploration, mining and processing in Xinjiang.

For more information, please visit http://www.chinaszmg.com/.

Safe Harbor Statement

This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology such as “will”, “believes”, “expects” or similar expressions. These forward-looking statements may also include statements about our proposed discussions related to our business or growth strategy, which is subject to change. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC’s electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov.

In December 2011, the Company was informed by its customer that China Nutrifruit’s concentrate juice and glazed fruit products contain higher than specified levels of sodium. The Company’s customer has requested China Nutrifruit for a full refund of the purchased products valued at approximately RMB50 million ($7.9 million). In response to this matter, the Company is currently performing independent laboratory tests to verify the product quality claims of its customer. As a precautionary measure, the Company has also implemented additional testing measures in its manufacturing process to ensure product quality.

Mr. Changjun Yu, Chairman of China Nutrifruit commented “Our business goal is to deliver healthy and nutritional fruit based products to our consumers and we will take every measure to ensure that. This is the only case of quality issue that has come to our attention. We are treating this matter very seriously and will carry out a thorough investigation. We are committed to stringent food quality control and safety standards. We have immediately set up a special investigation team to verify the claims of our customer and are prepared to take corrective measures, if required. We will announce the results of the laboratory tests as soon as the information is available. However, if verified, we are prepared to coordinate a voluntary recall and refund to our customer. This may have a negative impact to our financial and operation this year, nonetheless, our business operation remains normal as of today.”

China Nutrifruit’s manufacturing facilities are ISO9001 certified and meet the HACCP (Hazard Analysis & Critical Control Point) series qualifications.

About China Nutrifruit Group Limited

Through its subsidiaries Daqing Longheda Food Company Limited and Daqing Senyang Fruit and Vegetable Food Technology Company Limited, China Nutrifruit, is engaged in developing, processing, marketing and distributing a variety of food products processed primarily from premium specialty fruits grown in Northeast China, including golden berry, crab apple, blueberry, seabuckthorn, blackcurrant and raspberry. Its processing facility possesses ISO9001 and HACCP series qualifications. Currently, the Company has established an extensive nationwide sales and distribution network throughout 18 provinces in China. For more information, please visit http://www.chinanutrifruit.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”"). Such statements include, among others, those concerning our expected financial performance in fiscal year 2012, new products, our new facility, our estimates about sodium levels, and its expected impact on the Company’s business and financial performance, our expectations regarding the market for our existing products and new products, our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words “believe,” “expect,” “anticipate,” “project,” “targets,” “optimistic,” “intend,” “aim,” “will” or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in China; any statements of belief or intention; any of the factors mentioned in the “Risk Factors” section of our Annual Report on Form 10-K for the year ended March 31, 2011, and other risks and uncertainties mentioned in our other reports filed with the Securities and Exchange Commission. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.

EastBridge Investment Group (OTCBB: EBIG) announced today its management’s summary of 2011 accomplishments and some plans for 2012.

Mr. Norm Klein, CFO/COO of EastBridge, commented, “The year 2011 has been a very tough year for every financial service firm, big and small; EastBridge was no exception; our clients were affected and we were also impacted. However, we have emerged from it more disciplined and determined. Our listing projects have not been canceled, only delayed. Instead of 2011, most of the known listings will happen in 2012. We are pleased with the progress that we have made in 2011. In addition to moving both Tsingda and Wonder closer to a listing on a U.S. stock exchange, we have begun the listing process for Dwarf Technology, Arem Pacific and LongWen Media. We assisted Alpha Lujo management with finding a shell which trades on the OTCBB. We are also working with a well known education client to develop joint venture partnerships with Chinese education companies. Additionally, we have expanded our business with U.S. companies as we are working with Fizza (healthy beverages for school children) and with International Air Medical Services (air ambulance company). We expect to sign agreements with a couple more U.S. companies in the near future. Financially, we have also improved, especially our cash position. We have the wherewithal to execute our plans for 2012.”

Mr. Keith Wong, CEO of EastBridge, added, “We have some very aggressive plans for 2012. We are now working on five listing projects for 2012 and possibly more clients to list on a U.S. stock exchange in 2012. We have a new marketing plan on hand to seek new clients both in the Far East and in the United States for listings in 2013 and beyond. As soon as the market becomes favorable in 2012, we will move EBIG to the Nasdaq or AMEX. We believe we will attract new institutional investors to our stock once we have moved to a primary exchange. We are very optimistic for and excited about achieving significant success in 2012 for our shareholders.”

EastBridge Investment Group focuses on high-growth companies in Asia, offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in the education, internet, energy, mining and service sectors. To learn more about EastBridge Investment Group go to our web site: www.EbigCorp.com. To receive EBIG’s email alert, send a blank email to info@EbigCorp.com. Join us on Facebook at the following link: http://www.facebook.com/ebigcorp.

Forward-Looking Statements: Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as “may,” “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “forecasts,” “potential,” or “continue,” or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

The Board of Directors is in the process of evaluating strategic alternatives for the Company including a sale, merger, privatization, or other business combination, however, the Company has not set a timetable for completion of this evaluation process and there can be no assurances that this review will result in any action. The Company does not expect to make any further comments unless the Board of Directors has approved a specific course of action or otherwise deems disclosure appropriate.

“We believe our company has a bright future ahead,” explained Mr. Henian Wu, Chairman and President of the Company. “Since we became a public company in February 2010, our revenues have increased from $48.6 million in 2009 to an estimated $84 million in 2011, significantly faster than the industry. Despite this strong performance and ongoing efforts to strengthen our competitive position, our stock continues to trade at a depressed valuation. We expect that the Company will have attractive options to consider. In the meantime, our Management team will continue to focus on executing our business plan and serving our customers.”

The Company’s Form 15 filing on December 30, 2011 immediately suspended the Company’s obligation to file certain reports with the SEC, including Forms 10-K, 10-Q and 8-K, however, the Company’s common stock will continue to be quoted on the OTCQB and eligible shareholders may continue to avail themselves of legend removal under Rule 144 until the deregistration becomes effective. The Company expects that the deregistration of its common stock will become effective on or before March 31, 2012. Following deregistration, the Company’s common shares will only be quoted on the OTC Pink Sheets and its shareholders may no longer avail themselves of Rule 144.

About China TMK Battery Systems Inc.

Based in Shenzhen, PRC and founded in 1999, TMK manufactures and distributes high rate discharge Nickel Metal Hydride (“Ni-MH”) multi-cell batteries in its manufacturing facility located in Shenzhen, China. TMK maintains a diverse roster of large, consumer-focused clients with major production facilities in China. The Company works with its clients throughout the product design cycle to develop and integrate reliable and long-lasting rechargeable power solutions for widely used consumer products, which include home appliances, cordless power tools, medical devices, multiple personal communication devices and electric bicycles segments. The Company is also focused on becoming a supplier of back-up power solutions to the telecommunications industry and for traffic lighting applications. Corporate Information can be found at www.tmk-battery.com and investor information can be found at http://ir.stockpr.com/tmk-battery/

The following resolution proposed by the Company was approved by VisionChina Media’s shareholders:

Ratification of the appointment of Deloitte Touche Tohmatsu CPA Ltd. as the Company’s independent auditors for the year ending December 31, 2011.

Materials related to the annual general meeting of shareholders, including the proxy statement, are available on the Company’s website at http://www.visionchina.cn .

About VisionChina Media Inc.

VisionChina Media Inc. (Nasdaq: VISN) operates an out-of-home advertising network on mass transportation systems, including buses and subways. As of September 30, 2011, VisionChina Media’s advertising network included 136,777 digital television displays on mass transportation systems in 20 of China’s economically prosperous cities, including Beijing, Shanghai, Guangzhou and Shenzhen. VisionChina Media has the ability to deliver real-time, location-specific broadcasting, including news, stock quotes, weather and traffic reports, and other entertainment programming. For more information, please visit http://www.visionchina.cn .

For investor and media inquiries, please contact:

In China:

Mr. Colin Wang

Investor Relations Director

VisionChina Media Inc.

Tel: +86-135-1001-0107

Email: colin.wang@visionchina.cn

Mrs. Helen Plummer

Investor Relations Adviser

VisionChina Media Inc.

Tel: +86-139-1167-2124

Email: helen.plummer@visionchina.cn

In the United States:

Ms. Jessica Barist Cohen

Ogilvy Financial, New York

Tel: +1-646-460-9989

E-mail: jessica.cohen@ogilvy.com

SOURCE VisionChina Media Inc.

The company’s unique business model involves receiving a combination of cash and equity in exchange for helping these companies. Depending on the amounts of each, the firm has traditionally issued a portion of the stock received as a dividend to its own shareholders, while maintaining the balance on its books as an asset or selling it to generate revenues.

EastBridge Signs Fizza in December 2010

EastBridge entered into an agreement in December of 2010 to assist Fizza LLC in raising bridge capital of $300,000 in exchange for a combination of cash and equity. Since then, the agreement has been expanded to help the company identify legal counsel, financial advisors and capital to raise $2 million in financing to expand its business.

Fizza has developed a nutritious sparkling dairy beverage that contains all the qualitative nutrients of milk and the fun of soda. Available in orange, strawberry, apple and cola, the fat and lactose free beverages have no artificial sweeteners but all the qualitative nutrients of milk. The company is hoping to position these in both retail and educational settings.

EastBridge Signs Air Medical in October 2011

EastBridge entered into an agreement in October of 2011 to assist International Air Medical Services Inc. (IAMS) with locating legal counsel, financial advisors and capital to complete a capital raise of up to $3 million. While no financial details were disclosed yet, investors expect to see some details in the company’s upcoming SEC filings.

After receiving $176,000 in financing and completing 206 missions in its first year, the company’s predecessor (Native Air) grew to conduct about 6,000 missions per year six years later and eventually sold for $54 million. Management is now refocusing on the long range transportation segment that accounts for about 23% of emergency air medical demand.

Additional Clients in the U.S. and Abroad

As of September 2011, EastBridge was providing consulting services to eight clients to assist them with the auditing and legal processes to become public companies in the United States and become listed on a U.S. stock exchange, in addition to the aforementioned agreements. And it’s also working with Cambrium Learning (NASDAQ: ABCD) to identify a JV partner in China.

Combined, these factors make EastBridge a stock worth watching for early stage investors. For more information on the company, please see the following resources:

• Company Website
• Recent SEC Filings

Commenting on the contracts, Dr. James Wang , Chairman and CEO of China Direct Industries, Inc., stated “We are pleased to see an increase in orders and quoting activity as we head into calendar 2012.  We believe that our magnesium segment will strengthen further throughout the coming year as economic conditions which weakened short term demand begin to abate.”

About China Direct Industries, Inc.

China Direct Industries, Inc. (NASDAQ: CDII), is a U.S. based company that produces, sources, and distributes industrial commodities in China and the Americas and provides business and financial consulting services.  Headquartered in Deerfield Beach, Florida with corporate offices in Shanghai, China Direct Industries’ unique infrastructure provides a platform to expand business opportunities globally while effectively and efficiently accessing the U.S. capital markets. For more information about China Direct Industries, please visit http://www.cdii.net.

DISCLOSURE NOTICE:

In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, China Direct Industries, Inc., is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations concerning demand for our magnesium products and economic conditions.

We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Report on Form 10-K for the fiscal year ended September 30, 2011 .

China Botanic’s all-natural and plant based remedies attracted significant attention and interest from manufacturers, distributors, and other attendees at the Fair. The Company was focused on increasing knowledge and awareness of its all natural products which are beneficial in treatment and prevention of depression. Over 20 distributors expressed strong interest in the Company’s anti-depressant products and are seeking to engage in further discussion on potential partnerships. Management estimates an approximate revenue contribution of RMB5 million (or approximately $0.8 million) in fiscal year 2012 from the business generated at the fair compared to the contribution of $0.6million from last year’s fair.

“PHARMCHINA is China’s largest pharmaceutical fair which attracts attendees from all over the country, providing an ideal platform to promote our products and brand,” said Mr. Shaoming Li, Chairman and Chief Executive Officer of China Botanic. “Our focus on the anti-depressant segment reflects the growing customer demand for effective anti-depressant remedies. An estimated 30 million people in China suffer from depression, and yet China has only in recent years listed depression as a disease. We are pleased with the increased awareness we created and the response we received at the fair this year. We will continue to participate in similar events to build disease awareness and long-term brand recognition of our products. At the same time, we continue to grow our business organically and enhance our overall operational efficiency.”

ABOUT PHARMCHINA

PHARMCHINA is the largest exhibition in China’s pharmaceutical industry. With a history of over 30 years, the PHARMCHINA fair covers an area of approximately 70,000 square meters and attracts over 2,800 exhibitors and 120,000 visitors. Twice a year, exhibitors and visitors attend PHARMCHINA for new business opportunities in the rapidly developing China’s pharmaceutical market, including chemical-based drugs, TCM, bio-pharmaceuticals, OTC medicine, health care products, cosmetics, and healthcare-related technologies and other services. For more information, please visit http://en.pharmchina.com.cn/.

ABOUT CHINA BOTANIC PHARMACEUTICAL INC.

China Botanic Pharmaceutical Inc. is engaged in the research, development, manufacturing, and distribution of botanical products, bio-pharmaceutical products, and traditional Chinese medicines (“TCM”), in the People’s Republic of China. All of the Company’s products are produced at its three GMP-certified production facilities in Ah City, Dongfanghong and Qingyang. The Company distributes its botanical anti-depression and nerve-regulation products, biopharmaceutical products, and botanical antibiotic and OTC TCMs through its network of over 3,000 distributors and over 70 sales centers across 24 provinces in China. For more information, please visit www.renhuang.com.

Fizza has developed a nutritious sparkling dairy beverage that contains all the qualitative nutrients of milk and the fun of soda. Available in orange, strawberry, apple and cola, the fat and lactose free beverages have no artificial sweeteners but all the qualitative nutrients of milk. If successful, EastBridge’s equity received from this agreement could pay big dividends.

EastBridge Signs Agreement with Fizza

EastBridge executed an agreement in late 2010 to help Fizza raise up to $3,000,000 in funding to produce its products and bring them to market in a timely fashion, according to an 8-K filing with the SEC. Under the terms of the agreement, EastBridge will receive a combination of cash and equity that was not disclosed in the agreement.

This arrangement enables EastBridge to realize some income upfront in addition to realizing back end equity that can appreciate over the long-term. In the past, the company has issued some of this equity to its own shareholders in the form of a dividend. The rest is either reported on the balance sheet as an asset or sold to generate additional revenues.

Providing Healthy Alternatives to Soft Drinks

Obesity is one of the largest threats to child health, according to many doctors. While there are many causes of childhood obesity, excessive consumption of sugar-sweetened drinks has been linked to the disease by several studies. As a result, many school cafeterias have banned soft drinks from their menus and instead offer only healthier alternatives.

Fizza has been approved by the USDA for sale in school cafeterias and is often times the only carbonated beverage available. With a potential $300 million market in schools, this represents a significant addition to its $1.1 billion potential in retail stores. And in total, these figures represent just 0.9% of the $153 billion liquid refreshment market.

Another Great Reason to Invest in EastBridge

EastBridge offers investors a unique opportunity to invest in a diversified portfolio of emerging public companies. With clients ranging from Chinese education companies to U.S. companies seeking joint ventures, the company is building significant equity with a track record of generating shareholder value through equity dividends.

For more information on EastBridge, please see the following resources:

• Company Website
• Latest SEC Filings
• Fizza Presentation

Ms. Yu, currently Tudou’s Vice President of Finance, has been working at Tudou since July 2010. Previously, she served in KPMG’s audit practice in both China and the United States for over 11 years. During that time, Ms. Yu advised multinational and Chinese clients, including private companies and those listed on U.S. exchanges. Ms. Yu is a Certified Public Accountant certified by the Accountancy Board of Ohio and received her Master’s Degree in Accounting from the University of Toledo.

“Mr. Lai played an important role as our CFO. On behalf of management, I would like to thank Mr. Lai for his dedication during his tenure as CFO, and wish him all the best in his future endeavors,” stated Gary Wang, Founder, Chairman and Chief Executive Officer of Tudou. “Moving ahead, we believe Ms. Yu will excel in her expanded responsibilities in leading Tudou’s finance activities. We believe her proven financial expertise, deep dedication and knowledge of our Company will continue to add significant value in helping execute Tudou’s future growth plans.”

About Tudou.com:

Tudou.com is a leading online video company in China, where users can upload, view and share videos. The Company’s comprehensive video content library includes user generated videos, premium licensed content and made-for-Internet, in-house produced original series. The Company is also a key supporter of aspiring artists through various initiatives including Warehouse No. 6, its independent talent incubator; “Orange Box,” its in-house production program; and its annual Tudou Video Festival. Tudou’s vision is to build an online community of video enthusiasts where people can find what they want to watch, share what they create and connect with like-minded people.

Safe Harbor: Forward Looking Statements

This press release contains forward-looking statements made under the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be identified by terms such as “may,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “aims”, “estimates,” “confident,” “likely to” and similar statements.  Among other things, the Company’s strategic and operational plans contain forward-looking statements.  Forward-looking statements involve inherent risks and uncertainties.  A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s business strategies, initiatives and plans; the Company’s future business development, results of operations and financial condition; changes in the Company’s revenues and certain cost or expense items; the Company’s expectations with respect to increased revenue growth and its ability to sustain profitability; the Company’s services under development or planning; the Company’s ability to attract users and advertisers and enhance its brand recognition; and the ability of the online video and advertising  industry in China to grow at rates projected by market data, or at all.  Any of the foregoing risks may materially adversely affect the Company’s business and the market price of its ADSs.  In addition, the rapidly changing nature of the online video and advertising industry in China subjects any projections or estimates relating to the growth prospects or future condition of the Company’s market to significant uncertainties.  If any one or more of the assumptions underlying the market data turns out to be incorrect, actual results may differ from the projections based on these assumptions. You should not place undue reliance on these forward-looking statements.  Further information regarding these and other risks is included in the Company’s registration statement on Form F-1 filed with the Securities and Exchange Commission.  All information provided in this press release is current as of the date of the press release, and the Company undertakes no duty to update such information, except as required under applicable law.

Harbin Tian Xin Biological Engineering Ltd. is being organized to perform the storage of umbilical cord stem cells. It is also to perform the clinical applications of bone marrow stem cells, intercord mesenchymal stem cells and other human stem cells.

“As we have been involved in this area of research for the past several years, we are optimistic as to the potential of the stem cell storage and application sector. We are pleased to attract outside investors to this new venture to strengthen our capability in terms of technology and capital,” commented Mr. Yan-Qing Liu , Chairman and CEO of China Sky One Medical. “We expect that Harbin Tian Xin Biological Engineering Ltd. will be formally put into operation in the first quarter of 2012 and new products and services might be introduced into the market as early as year-end 2012.” Mr. Liu added.

On December, 12, 2011, TDR entered into an Agreement with three parties, the No. Four Hospital Associated with Harbin Medical Science University, Harbin Zheng Yuan Construction Group and Mr. Xiao-wei Zhang , pursuant to which they will jointly set up the new company for a total capital commitment of RMB 230.0 million (approximately around $36.3 million ). TDR shall invest RMB 90.0 (approximately around $14.2 million ) for an ownership stake of 39%. The four parties agreed in the Agreement that 65% of the committed capital is payable within 15 days upon execution of the Agreement, and the remaining 35% is payable within six months after initial payment is made. In addition, TDR shall have the right to appoint Harbin Tian Xin ‘s Chairman and General Manager.

About China Sky One Medical, Inc.

China Sky One Medical, Inc., a Nevada corporation, is a holding company. The Company engages in the manufacturing, marketing and distribution of pharmaceutical, medicinal and diagnostic products. Through its wholly-owned subsidiaries, Harbin Tian Di Ren Medical Science and Technology Company, Harbin First Bio-Engineering Company Limited, Heilongjiang Tianlong Pharmaceutical, Inc. and Peng Lai Jin Chuang Pharmaceutical Company, the Company manufactures and distributes over-the-counter pharmaceutical products, which make up its major revenue source. For more information, visit http://www.cski.com.cn.

“This engine delivery to Shanghai Airlines marks a new milestone for the Shanghai Engine Center,” said Tom Hutton, Pratt & Whitney Global Service Partners vice president. “The Shanghai Engine Center has achieved proven record of service excellence while rapidly expanding its customer base to the third-party airlines and overseas airlines in the Asia Pacific region.”

“We are pleased to offer the Shanghai Engine Center’s capabilities to Shanghai Airlines,” said Li Yangmin, China Eastern Airlines’ Party Committee Secretary and Shanghai Engine Center Board Chairman. “The engine was delivered within 65 days and further solidifies our commitment to providing our customers world-class services with high quality and efficiency at competitive costs.”

The Pratt & Whitney Global Service Partners Shanghai Engine Center is a state-of-the art facility with extensive part repair capacity that helps reduce engine overhaul costs and turnaround times. Pratt & Whitney, together with joint venture partner China Eastern Airlines, opened the high-technology and environmentally efficient facility in 2009. It is Pratt & Whitney’s first engine center in China and is part of the company’s Global Service Partners network providing engine maintenance, repair and overhaul (MRO) services to customers worldwide. The approximately 23,000 square-meter (250,000 square-feet) facility meets the Platinum standards of the United States Green Building Council’s Leadership in Energy and Environmental Design (LEED®) rating system.

“We appreciate the opportunity Shanghai Airlines has given us to provide them with MRO services,” said Aki Nakano, president, Pratt & Whitney China Commercial Engines & Global Services. “Shanghai Engine Center has provided services to the third party customers both in China and in the Asia Pacific region. We’re confident the Shanghai Engine Center’s strategic positioning will continue to increase our presence in China’s MRO market, as well as in the region. We’re also ready to expand our service capabilities to include both CFM56® and IAE V2500® engines in 2013.”

Established in 1985, Shanghai Airlines is the first commercial airline in China. It has a fleet of 62 aircraft, serving more than 140 domestic and international destinations. Shanghai Airlines entered the merger with China Eastern Airlines in 2009 and the consolidation has strengthened Shanghai’s position as an international aviation hub. “We’re glad to benefit from the professional services that are provided by Pratt & Whitney Shanghai Engine Center,” said Cheng Guowei, Shanghai Airlines Deputy general manager. “Their efficiency helped us reduce the lead time and enable us to minimize the service cost.”

Pratt & Whitney Global Service Partners is a total service provider for engines made by Pratt & Whitney, International Aero Engines, General Electric, Rolls-Royce and CFMI. Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines, space propulsion systems and industrial gas turbines. United Technologies, based in Hartford, Conn., is a diversified company providing high technology products and services to the global aerospace and commercial building industries.

Mr. Michael Xin Hui, founder and Chief Executive Officer of ShangPharma, and Mr. William Dai, Chief Financial Officer, will present at the conference.

Presentation materials will be available under the Webcasts & Presentations section of the Company’s investor relations website at http://ir.shangpharma.com.

ABOUT SHANGPHARMA CORPORATION

ShangPharma Corporation (NYSE: SHP) is a leading China-based contract research organization providing high quality and cost-effective services for the pharmaceutical and biotechnology industry. It offers a broad range of high-quality, integrated services across the drug discovery and development process to help international and Chinese pharmaceutical and biotechnology companies discover and develop novel drug candidates efficiently. ShangPharma’s services consist of discovery chemistry, discovery biology and preclinical development, pharmaceutical development and biologics services. For more information, please visit www.shangpharma.com.

The China Mobile Communications Research Institute says that these trials are significant to China Mobile. The China Mobile Communications Research Institute has been at the technological forefront of research for various new technologies and applications and has spent the last few years preparing technologies for the commercial use of the 3G network.

Spirent’s Landslide Performance Analysis System provides market leading test capabilities for all aspects of today’s 3G Packet Switched Core Networks. Dozens of leading vendors and mobile operators around the world rely on Landslide to evaluate the performance and quality of critical wireless network elements, including wireless application servers, wireless routers, billing systems, Authentication, Authorization and Accounting (AAA) systems, and security gateways. In a small footprint, the Landslide test platform is capable of emulating real world traffic models from millions of mobile data subscribers all accessing the network simultaneously.

“Spirent is very pleased to cooperate with China Mobile on their 3G testing requirements. Landslide supplies China Mobile with world leading and innovative wireless test methodology to ensure that 3G networks will scale as millions of subscribers sign up,” said Joe Zeto, director, product marketing at Spirent Communications. “In addition, it will help guarantee that subscribers have the best and most reliable service possible.”

About China Mobile

China Mobile Communications Corporation (China Mobile for short) was officially established on April 20th, 2000. China Mobile Communications Corporation has a registered capital of RMB 51.8 billion yuan, assets of over RMB 400 billion yuan. It has wholly-owned subsidiaries in 31 provinces (autonomous regions and municipalities directly under the central government) in China and fully holds the equity of China Mobile (HK) Group Limited. China Mobile (HK) Limited, of which China Mobile (HK) Group Limited is the major shareholder, and went public in HK and New York Stock Exchanges. Currently, China Mobile (HK) Limited owns the largest market capitalization among the overseas listed Chinese companies.

China Mobile is the only operator fully dedicated to mobile business in China. It has been playing a leading role in the development of the mobile communications industry in China and holds an important position in the international arena as well. After over ten years of efforts, China Mobile has established a comprehensive network with large coverage, high quality, rich variety of businesses and first-class customer services. It ranks the first in the world in terms of the network scale and the customer base. At the end of 2004, most of the counties (cites) had been covered by the network with seamless coverage on the backbone lines and indoor coverage in key urban areas. The total number of customers exceeded 200 million. China Mobile has opened GSM international roaming services with over 235 mobile operators in 184 countries and regions in the world, and GPRS international roaming services with 51 operators in 73 countries and regions. Its international SMS service can reach users of 214 operators in 106 countries and regions, and the MMS service of China Mobile can reach 14 operators in 4 countries and regions.

By going public in the overseas stock exchange, China Mobile has successfully attracted investment from the international capital market with its sound performance and great development potential. China Mobile has been listed on the Fortune World Top 500 for 4 consecutive years and ranked 242nd in the latest Fortune World Top 500. In 2004 China Mobile was listed 5th in the Chinese Enterprise Top 500 by the China Enterprise Confederation. The publicly listed company has also been selected for 3 consecutive years as the Forbes World Top 400 Best Big Companies and is the only Chinese enterprise on the list.

About Spirent Communications

Spirent Communications (www.spirentcom.com) is a global provider of integrated performance analysis and service assurance systems that enable the development and deployment of next-generation networking technology such as Internet Telephony, broadband services, 3G wireless, global navigation satellite systems, and network security equipment. Spirent’s solutions are used by more than 1,500 customers in 30 countries, including the world’s largest equipment manufacturers, service providers, enterprises and governments. Based in Rockville, Maryland, Spirent Communications reported 2005 revenue of $403.3 million and has 1,700 employees worldwide. The company is the largest business group of Spirent plc, traded on the London and New York Stock Exchanges (LSE:SPT)(NYSE:SPM)(CUSIP number:84856M209). www.spirent.com. Spirent Communications’ sales to the United States government are made through Spirent Federal Systems. www.spirentfederal.com.

Spirent, Spirent Communications and the Spirent logo are trademarks or registered trademarks of Spirent plc. All other trademarks or registered trademarks mentioned herein are held by their respective companies. All rights reserved.

This press release may contain forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. By their nature, forward-looking statements are inherently predictive, speculative and involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to factors that could cause our actual results to differ materially from those expressed or implied by these statements. These risks include the risks described from time to time in Spirent plc’s Securities and Exchange Commission periodic reports and filings. We undertake no obligation to update any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise.

Crocus’ MLU, based on a revolutionary magnetics architecture, is a scalable evolution of its Thermally Assisted Switching™ (TAS) technology. MLU technology enables practical implementation of advanced logic and memory capabilities, a first for the industry.

“This agreement solidifies our manufacturing plan for building MLU products at advanced technology nodes,” said Dr. Bertrand F. Cambou , executive chairman of Crocus Technology. “By combining SMIC’s proven and cost effective CMOS manufacturing capacity with CNE’s advanced magnetic capability, we can meet our manufacturing requirements and better serve our customers.”

“MLU technology brings significant benefits in functionality and cost,” said Dr. Tzu-Yin Chiu , CEO and executive director of SMIC. “We are excited to work with Crocus on advanced magnetic semiconductors and bring differentiated next-generation products to the marketplace.”

In addition, Crocus’ MLU technology could be licensed to SMIC for use in embedded chip applications. The companies also plan to collaborate on joint marketing in the area of smart cards using TAS MLU and MRAM (magnetoresistive random access memory) technology.

About Crocus Technology

Crocus is a leading developer of magnetic semiconductor technology for dense, non-volatile, high-speed, scalable chip solutions used in general and special purpose applications. The company’s Magnetic Logic Unit™ (MLU) architecture, featuring a revolutionary self-reference technique, is a scalable evolution of Crocus’ patented Thermally Assisted Switching™ (TAS) technology. MLU enables practical implementation of advanced magnetic logic and memory capabilities. Crocus’ first generation magnetic technology was originally conceived at the Grenoble, France -based Spintec, a world leading magnetic research laboratory affiliated with two leading French labs, CEA and CNRS. It was further developed for production at SVTC in California and is in its final phase of implementation at TowerJazz Semiconductor. In October 2011 , Crocus announced a joint development agreement with IBM to further advance the technology, focusing on advanced development of the MLU architecture. Crocus’ technology is covered by a comprehensive patent portfolio. In May 2011 , Crocus and RUSNANO formed a joint venture, Crocus Nano Electronics (CNE), to build and operate an advanced manufacturing facility for magnetic semiconductors. Find Crocus at: www.crocus-technology.com.

About SMIC

Semiconductor Manufacturing International Corporation (“SMIC”; NYSE: SMI; SEHK: 981) is one of the leading semiconductor foundries in the world and the largest and most advanced foundry in Mainland China, providing integrated circuit (IC) foundry and technology services at 0.35-micron to 40-nanometer. Headquartered in Shanghai, China , SMIC has a 300mm wafer fabrication facility (fab) and three 200mm wafer fabs in its Shanghai mega-fab, two 300mm wafer fabs in its Beijing mega-fab, a 200mm wafer fab in Tianjin , and a 200mm fab under construction in Shenzhen . SMIC also has customer service and marketing offices in the U.S., Europe , Japan , and Taiwan , and a representative office in Hong Kong . In addition, SMIC manages and operates a 300mm wafer fab in Wuhan owned by Wuhan Xinxin Semiconductor Manufacturing Corporation.

For more information, please visit http://www.smics.com

Safe Harbor Statements

(Under the Private Securities Litigation Reform Act of 1995)
This press release contains, in addition to historical information, “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements, including statements under “Fourth Quarter 2011 Guidance” are based on SMIC’s current assumptions, expectations and projections about future events. SMIC uses words like “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project” and similar expressions to identify forward-looking statements, although not all forward-looking statements contain these words. These forward-looking statements are necessarily estimates reflecting the best judgment of SMIC’s senior management and involve significant risks, both known and unknown, uncertainties and other factors that may cause SMIC’s actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements including, among others, risks associated with cyclicality and market conditions in the semiconductor industry, the downturn in the global economy and the impact on China ‘s economy, intense competition, timely wafer acceptance by SMIC’s customers, timely introduction of new technologies, SMIC’s ability to capture growth opportunities in China , supply and demand for semiconductor foundry services, industry overcapacity, shortages in equipment, components and raw materials, orders or judgments from pending litigation, availability of manufacturing capacity and financial stability in end markets.

Investors should consider the information contained in SMIC’s filings with the U.S. Securities and Exchange Commission (SEC), including its annual report on 20-F filed with the SEC on June 28, 2011 , especially in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections, and such other documents that SMIC may file with the SEC or The Hong Kong Stock Exchange Limited (“SEHK”) from time to time, including on Form 6-K. Other unknown or unpredictable factors also could have material adverse effects on SMIC’s future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release. Except as required by law, SMIC undertakes no obligation and does not intend to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Cambrium Looks to Partner in China

With its expertise in China’s growing marketplace, EastBridge is uniquely positioned to offer U.S. companies exposure to emerging economies. In May of 2011, Cambrium Learning entered into a consulting agreement with the EastBridge to seek out opportunities in China for joint ventures, partnerships and merger & acquisition (M&A) work.

Under the 12-month agreement, EastBridge will receive a cash fee of 10% of the total revenue derived from each business venture resulting from an introduction by the company, paid quarterly over a maximum of three years and with a $50,000 non-refundable advance paid at closing, according to an 8-K filing with the SEC.

Mr. Keith Wong, CEO of EastBridge, commented, “Cambium is a great company with a rich suite of products for online applications. Many of their K-12 products can be adapted to students in China, which has a total elementary, junior and high school student population of more than 200 million. We are very excited to be retained as a consultant to help them seek out opportunities in China for joint ventures, partnerships and merger & acquisition (M&A) work. We have substantial experience in China to help our clients achieve their expansionary goals.”

JV Business Model Could Pay Off Long-term

EastBridge’s primary business of helping emerging companies obtain a listing on U.S. stock exchanges involves lengthy timeframes and approvals. In contrast, the joint venture model is a relatively straightforward private business transaction. And since the payout is tied to revenues, it provides shareholders with a virtual equity stake in the company.

Currently, the majority of the company’s 14 clients are utilizing other services, but the joint venture model could be expanded moving forward. After all, the slowdown in the U.S. and E.U.  is forcing many companies to look to emerging markets in Asia for growth potential. These agreements would provide faster revenues with economics similar to its standard services.

For more information about EastBridge, please see the following resources:

• Company Website
• Latest SEC Filings

The Gigaton Prize is awarded annually to a company that has demonstrably reduced emissions by the largest absolute amount on an annual basis. This year, the Gigaton Prize was awarded at a ceremony in Durban, South Africa , as world leaders, policy makers, celebrities and Fortune 500 executives convene for the 17th session of the Conference of the Parties (COP17) to the United Nations Framework Convention on Climate Change.

“Suntech is honored to receive the prestigious Gigaton Prize, especially as world leaders are congregating for COP17 to discuss global initiatives around sustainability. The award reaffirms our commitment to the environment, and serves as an inspiration to other companies around the world to join us in our effort to build a sustainable future,” Suntech’s founder and CEO, Dr. Zhengrong Shi said.

The Gigaton Prize, jointly awarded by the Carbon War Room, The Gigaton Throwdown and the World Climate Summit, is the top honor among all the Gigaton Awards, which recognizes companies for outstanding leadership in carbon mitigation in the consumer goods, industrials, telecommunications and utilities industries as defined by measurable steps toward reductions.

“Suntech has done more than any other company in the renewables space and are therefore helping to reduce the impact of carbon emissions on the environment,” said Jigar Shah , CEO, Carbon War Room. “This award recognizes Suntech’s pioneering spirit and commitment to a new energy future.”

The Gigaton Prize was awarded in part due to Suntech’s pioneering work in the solar industry over the last 10 years. Suntech’s customers and partners have installed more than five gigawatts of Suntech solar panels around the world, and in October 2011 , it became the first solar panel maker in the world to achieve the coveted milestone. In addition to the on-grid work by Suntech’s customers, Suntech’s solar panels have provided an estimated 1 million people around the world, primarily in off-grid regions, with reliable access to basic electricity. Suntech aims to provide 20 million people with access to basic electricity by 2020.

To learn more about Suntech’s sustainability efforts, please download the Sustainability Report 2010 here.

About Suntech

Suntech Power Holdings Co., Ltd. (NYSE: STP - News) produces industry-leading solar products for residential, commercial, industrial, and utility applications. With regional headquarters in China , Switzerland , and the United States , and gigawatt-scale manufacturing worldwide, Suntech has delivered more than 20,000,000 photovoltaic panels to over a thousand customers in more than 80 countries. Suntech’s pioneering R&D creates customer-centric innovations that are driving solar to grid parity against fossil fuels. Suntech’s mission is to provide everyone with reliable access to nature’s cleanest and most abundant energy source.

For more information about Suntech’s people and products visit: http://www.suntech-power.com

About the Carbon War Room

The Carbon War Room harnesses the power of entrepreneurs to unlock gigaton-scale, market-driven solutions to climate change. Over 50% of the climate change challenge can be addressed today — and profitably –under existing policy and technology conditions. We seek to facilitate a better flow of capital to entrepreneurial solutions that make economic sense right now.

For more information, visit: www.carbonwarroom.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements, and includes statements relating to providing 20 million people with access to basic electricity by 2020. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in Suntech’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Suntech does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

In May of 2011, Sunwin International, Domino Foods and Wild Flavors jointly announced an agreement to partner in an unprecedented fashion to focus their company’s efforts to introduce a wide range of all natural, low calorie and no calorie sweetening solutions that contain Sunwin Stevia™.  This new supply agreement will enable Sunwin to provide a wide range of its FDA GRAS affirmed stevia extracts to Domino for use in products such as “Domino Lite”, an exciting new lower calorie blend of sugar and stevia now available in the United States .  In addition, it will enable Domino Foods to offer Sunwin’s stevia extracts and sweetening solutions made with Sunwin Stevia™ to its extensive network of food and beverage industry clients in North America and Europe .

Commenting on the supply agreement, Ms. Dongdong Lin , CEO of Sunwin International, stated “We are excited to further our relationship with Domino Foods through this new agreement.  As we have worked very hard to develop stevia extracts that are consistent in taste and quality for the food and beverage industry, having a company like Domino recognize that effort by choosing Sunwin as a supplier is a significant milestone for Sunwin.  Domino Foods is one of the largest and most well respected companies in this industry and we intend to supply the highest quality stevia extracts as their trusted supplier in order to build a long lasting partnership in order to capitalize on the growing use of Stevia as a sweetener across the globe.”

Brian O’Malley, President & CEO of Domino Foods commented “We are quite confident that Sunwin International can provide us with the highest quality stevia extracts and we look forward to bringing this all natural sweetener alternative to our customers.”

The agreement was reached with the assistance of China Direct Investments, Inc., a subsidiary of China Direct Industries, Inc. (NASDAQ: CDII – News), which provides corporate and management advisory services to Sunwin International and acted as an intermediary between the two parties on Sunwin’s behalf.

About Domino Foods, Inc.

Headquartered in Iselin, NJ , Domino Foods, Inc. is the largest marketer of refined sugar in the U.S. The company is responsible for the sales, marketing and logistics (including the order to cash cycle) for the output of the American Sugar Refining, Inc., C&H Sugar Company, Inc.,  and Okeelanta Corporation (a subsidiary of Florida Crystals Corporation). The company sells through five distribution channels (Industrial, Grocery, Foodservice, Specialty and Export). Products are sold with the following trademarks –Domino®, C&H® and Florida Crystals®.

About Sunwin International Neutraceuticals, Inc.

Sunwin International Neutraceuticals, Inc. engages in the areas of essential traditional Chinese medicine and zero calorie natural sweeteners (Sunwin Stevia™ Extracts). As an industry leader in agricultural processing, Sunwin has built an integrated global firm with the sourcing and production capabilities to meet the needs of consumers throughout the world. For more info about Sunwin, please visit http://www.sunwininternational.com.

Contact:

Lillian Wong
U.S. Representative
954-363-7333
ir@sunwininternational.com

Sunwin International Neutraceuticals, Inc., is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations regarding our relationship with Domino Foods and sales under the supply agreement.

We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the fiscal year ended April 30, 2011 .

The aircraft bound for Shanghai with 245 people on board took off last week apparently after being told to stay on the runway and then to abort take off at Osaka airport, the BBC reported.

According to Kyodo news agency, air traffic controllers instructed the aircraft’s pilots to halt on the runway instead the Airbus A330 took to the skies and further ignored instructions to abort.

Despite the misunderstanding the plane took off without incident and later landed safely in Shanghai.

Japan’s Transport Minister said that even though the aircraft had sufficient room from any other nearby aircraft, the pilot may have broken the country’s aviation rules and regulations.

An employee at China Civil Aviation Administration apparently told China Daily “We’ve written to our Japanese counterparts asking for materials to help us look into the case.”

On the airlines certified Sina Weibo page the Airline said it will “operate according to laws and regulations, and further regulate our flight crews English communications”, to guarantee flight safety.

Under the International Civil Aviation Organisation pilots and air traffic controllers have to meet a certain standard and understanding of the English language.

EastBridge Investment Group (OTC.BB: EBIG.OB) (OTCQB: EBIG.OB) announced today that its new client, Hangzhou LongWen Media has begun its audit work in connection with the U.S. listing process.

Norm Klein, CFO/COO of EastBridge, commented, “We are pleased to see another client with their audit work started. In addition to Dwarf Technology and Arem Pacific, this will be another new client in our pipeline for listing in 2012.”

Keith Wong, CEO of EastBridge, added, “While we are waiting for Tsingda and Wonder to begin trading, we have not let up on the work for the clients in the pipeline. We believe that LongWen will be a significant client as it currently has two well established subsidiaries generating a total of a couple million dollars of net income per year. The subsidiaries are in the copper faucets and valves and copper rods business. The holding company, LongWen Media, is in the high growth multi-media business.”

EastBridge Investment Group focuses on high-growth companies in Asia, offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in the education, internet, energy, mining and service sectors. To learn more about EastBridge Investment Group go to our web site: www.EbigCorp.com. To receive EBIG’s email alert, send a blank email to info@EbigCorp.com. Join us on Facebook at the following link: www.facebook.com/ebigcorp.

Forward-Looking Statements: Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as “may,” “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “forecasts,” “potential,” or “continue,” or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

China’s Enormous Education Market

China has approximately 400 million students in its educational system and a 99% attendance rate to primary school. With more than 70,000 private schools opening since the 1980s and significantly higher spending on education as a percentage of income than the United States, the country has become a great opportunity for for-profit educational institutions.

The growth in the market can be clearly seen in the results of some larger companies in the space. For instance, the industry’s largest publicly traded company, New Oriental Education, saw revenues that grew from $132 million to more than $557 million between 2007 and 2011, while its net income more than tripled from 20 cents to 65 cents per share.

Cottage industries surrounding this vast educational industry are also rapidly growing. For example, after school programs are far more popular in China than the U.S., while vocational schools have been soaring in popularity as a quick way to gain an education and find a job without spending years in a traditional university.

Wonder and Tsingda Offer Great Exposure

EastBridge Investment Group owns approximately 3.4 million shares of Wonder Education and more than 2 million shares of Tsingda Education, according to regulatory filings made with the SEC. These two companies represent strong and rapidly growing companies within the booming for-profit education market in China, making them very valuable for EBIG shareholders.

Tsingda Education is a leading provider of online educational services in China, offering classes through pre-recorded lessons and in real-time via its virtual internet classroom. As of December of last year, the company operated 2,346 learning centers across the country, including 21 company-owned and 2,325 franchised locations.

Wonder Education has been named one of China’s ten major brands in computer education for several years by the Ministry of Information Industry, the Ministry of Labor and Social Security and Computer World. The company’s seven vocational schools have relationships with more than 20 provinces and municipalities and serve more than 12,000 students.

A Great Investment Opportunity

EastBridge Investment Group unlocks value for shareholders in several ways. First, the company offers equity dividends to its shareholders. Second, the remaining equity is held on its books as a valuable liquid asset. And finally, any stock that is sold is booked as revenues and net income that help drive growth moving forward.

Meanwhile, earnings multiples for China’s education sector continue to look strong with several recent buyouts. The average P/E in the education industry stands at about 22x, which is the highest in the country and compares favorable to the 16.3x average. And with an average market capitalization of $621.8 million, it’s also one of the most valuable industries.

The company’s stakes in Tsingda Education and Wonder Education could unlock significant value in its shares. Despite some market issues during the past few months,, the company is moving forward towards listing Tsingda and Wonder on a U.S. exchange, while both companies look for opportunities  to grow its business. With these near-term catalysts in mind, investors may want to take a closer look at EastBridge.

To learn more about EastBridge, see the following links:

• Company Website
• Recent SEC Filings

This current expansion is a part of the new regional sky net crime prevention video surveillance monitoring system (“Sky Net”). The local Sky Net system is an expanded Safe City program to allow each city’s Safe City systems in the South Eastern region of Guizhou Province to be networked together as well as to integrate new and existing cameras in key commercial facilities such as banks, gas stations, schools, hotels, office buildings and residential complexes throughout the region. In this regional Sky

Net system, Cantronic’s video networking platform and management software is the key to network such a great number of cameras over such a large area together.

“This project award reflects our experience in providing sophisticated city-wide networked video surveillance systems for China’s expanding Safe City and now Sky Net programs. We were initially approached by the local police bureaus to take on this expansion in the beginning of the year which they want to pay us in 3-5 years after completion. We declined to take on the mandate due to payment term issues and finally were able to convince them to work through China Unicom as the primary contractor and financing partner for this project. This allows us to be paid very quickly by China Unicom and have the resources to take on many more such projects together with a key telecom operator in the region. With this new project arrangement model as well as Kaili city being the capital and largest city of the South Eastern region of Guizhou province, we believe we will have the ability to carry on further expansions of this Sky Net program to other 14 cities and counties in the region without the constraints of working capital. There are more than 70 cities in China using Cantronic software solutions with expansion opportunities such as this amounted to $13 billion over the next 9 years,” said James Zahn, President and CEO of Cantronic Systems Inc.

About Cantronic Systems Inc.

Cantronic Systems Inc., based in Coquitlam, British Columbia, Canada, manufactures, distributes, and provides training and services in the fields of IP-based networked video security surveillance technologies, specializing in networked video management software and video analytics, IP cameras, speed dome cameras, high definition video surveillance cameras and night vision surveillance systems for demanding security and surveillance applications.

Cantronic, through its China subsidiaries Cantronic Security Systems (China) Co. Ltd (“CSSC”), Beijing Advanced Videoinfo Technology Co. Ltd. (“AVINFO”), and Actiontop Electronics (Shenzhen) Co. Ltd. (“Actiontop”) provides high-speed and digital networked video surveillance solutions to government and corporate customers in China.

Cantronic is a Tier 1 issuer on the TSX-V exchange, trading under the symbol CTS. For further information about Cantronic, please visit our website atwww.cantronicsecurity.com.

Forward-looking statements

This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Cantronic Systems Inc. and the markets in which it operates. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance and achievements of Cantronic to be materially different from any future results, performance or achievements expressed or implied by said forward-looking statements.

Forward-looking statements include, but are not limited to: the completion of the Proposed Transaction, anticipated share capital following completion of the Proposed Transaction, expectations, opinions, forecasts, projections and other similar statements concerning anticipated future events, conditions or results that are not historical facts. In certain cases, forward-looking statements can be identified by the use of words such as “plans,” “expects” or “does not expect,” “is expected,” “budget,” “scheduled,” “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved.”

Readers are cautioned not to place undue reliance on such forward-looking statements. Forward- looking information is provided as of the date of this news release, and Cantronic Systems Inc. assumes

no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Business Highlights

• Net sales were $28.1 million for the third quarter of 2011, an increase of 1% over the third quarter of 2010; net sales for the nine months ended September 30, 2011 were $84.8 million, an increase of 10% over the first nine months of 2010
• Lithium battery net sales were $6.1 million for the third quarter of 2011, an increase of 33% over the third quarter of 2010; lithium-ion battery net sales for the nine months ended September 30, 2011 were $15.9 million, an increase of 43% over the first nine months of 2010
• Marcum Bernstein & Pinchuk (MarcumBP) engaged as Highpower’s new independent registered public accounting firm

Management Commentary

“We were pleased with the performance of our lithium-ion business during the quarter as this segment continued to show strong sales and volume traction, resulting in lithium battery revenues being up 43% year-to-date,” said Mr. George Pan, Chairman and Chief Executive Officer of Highpower International. “Highpower’s lithium battery business line, which produces cleaner, greener, rechargeable batteries, is a key area of focus for our management team. We believe opportunities in the lithium battery space will serve as a major growth catalyst for our business in 2012 and beyond. As a trend, more and more customers are demanding higher capacity and cleaner battery options and we are clearly making strong inroads in capturing market share.”

“Although our lithium battery segment has strengthened, we have faced a tough global macro operating environment this year, which has certainly impacted our Ni-MH segment growth and profitability. Despite the lower sales volume and increasing raw material and labor costs, we remain committed to our mission of creating a world-class, international clean battery company. To that end, we are expanding our global sales team to pursue growth opportunities in both our Ni-MH and lithium segments. These investments today in our business, staffing, and infrastructure, will position us for growth, profitability, and increased shareholder returns in 2012,” concluded Mr. Pan.

Mr. Henry Sun, Chief Financial Officer of Highpower International, added, “Through the first nine months, we have faced headwinds from uncertain global demand, raw material price swings and pricing pressure. We continue to work with our major customers on price increases to reflect our existing cost structure, as well as our supply chain to secure longer-term contracts and we expect much of this margin pressure to be alleviated in the next few quarters. In addition, we have focused on reorganizing our management structure and have dedicated more attention on employee training to enhance efficiency.”

Third Quarter 2011 Financial Results

Net sales for the third quarter ended September 30, 2011 totaled $28.1 million, a year-over-year increase of 1% compared with $27.8 million for the third quarter ended September 30, 2010. The slight increase in sales for the third quarter was primarily due to an increase in both unit volume and average selling price of our lithium battery units, but was offset by a decrease in the number of Ni-MH battery units sold. In addition, our new materials business had revenues of $3.8 million for the third quarter of 2011, an increase of $1.1 million over the prior year period.

Third quarter 2011 gross profit decreased to $3.9 million, as compared with $5.9 million for the third quarter of 2010. Gross profit margin was 13.8% for the third quarter 2011, as compared with 21.1% for the third quarter of 2010. The year-over-year decrease in gross profit margin for the third quarter of 2011 was primarily due to a rise in raw materials prices, primarily for nickel and rare earth materials and the resulting increase in cost of sales for our Ni-MH and to a lesser extent our lithium batteries. In addition, the increase in revenues in our materials business, which has lower gross profit margins than our other business segments, contributed to the lower overall gross profit margin for the quarter.

Selling and distribution costs, including non-cash stock-based compensation, were $1.5 million for the third quarter of 2011, as compared with $1.1 million for the comparable period in 2010.

General and administrative expenses, including non-cash stock-based compensation, were $2.2 million, or 8.0% of net sales, for the third quarter of 2011, as compared to $2.2 million, or 7.8% of net sales, for the third quarter of 2010.

Loss from operations for the third quarter of 2011 was $839,000, as compared with income from operations of $1.7 million for the third quarter of 2010. Included in these results were non-cash stock-based compensation expenses of $335,000 and $17,000, respectively.

Net loss for the third quarter of 2011 was $665,000, or ($0.05) per diluted share, based on 13.6 million weighted average shares outstanding. This compares with third quarter 2010 GAAP net income of $1.4 million, or $0.11 per diluted share, based on 13.7 million weighted average shares outstanding.

Net loss for the nine months ended September 30, 2011 was $415,000 or ($0.03) per diluted share, based on 13.6 million weighted average shares outstanding. Included in this loss was $612,000 of non-cash stock-based compensation.

Balance Sheet

At September 30, 2011, Highpower International had cash, cash equivalents and restricted cash totaling $23.8 million, total assets of $90.9 million, and stockholders’ equity of $29.2 million. Bank credit facilities totaled $89.9 million at September 30, 2011, of which $38.6 million was utilized and $51.3 million was available as unused credit.

Outlook

Based on our current expectations for global demand for the rechargeable battery market in 2011, the outlook for our key raw material input prices and our planned increased investment in sales and marketing and research and development, we are updating our financial guidance for 2011. We expect net sales to be between $110 million and $120 million. We expect net income to be approximately break-even on a GAAP basis, which includes non-cash stock-based compensation expenses.

Conference Call and Webcast

The Company will host a conference call today at 7:00 a.m. Pacific time/10:00 a.m. Eastern time to discuss these results and answer questions.

Individuals interested in participating in the conference call may do so by dialing 888-549-7750 from the U.S. or 480-629-9722 from outside the U.S. and referencing the reservation code 4485472. Those interested in listening to the conference call live via the Internet may do so by visiting the Investor Relations section of the Company’s Web site at www.highpowertech.com or www.InvestorCalendar.com.

About Highpower International, Inc.

Highpower International, Inc. develops, manufactures and markets powerful, efficient, and environmental rechargeable nickel-metal hydride (Ni-MH) and lithium batteries and related products for use in a variety of devices and equipment including wireless communications, electronics, lighting, backup power, electric tools, and transportation, etc. Highpower International’s products are distributed worldwide to markets in the Americas, Europe, China, and Southeast Asia. For more information, visit http://www.highpowertech.com.

To be added to the Company’s email distribution for future news releases, please send your request to HPJ@finprofiles.com. Company news can also be found at http://www.highpowertech.com/InvestorNews.aspx?type=FinancialRelease.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995 that are not historical facts. These statements can be identified by the use of forward-looking terminology such as “believe,” “expect,” “may,” “will,” “should,” “project,” “plan,” “seek,” “intend,” or “anticipate” or the negative thereof or comparable terminology, and include discussions of strategy, and statements about industry trends and the Company’s future performance, operations and products. Such statements involve known and unknown risks, uncertainties and other factors that could cause the Company’s actual results to differ materially from the results expressed or implied by such statements. For a discussion of these and other risks and uncertainties see “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s public filings with the SEC. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this press release.

AREM Pacific Business Overview

AREM Pacific Corporation began as an Australian winery and small marine leisure boat manufacturer in China, but has since become the first U.S. company setting up exclusive air-water-land resort and convention centers in China. Bringing together houseboats, aerochutes, seaplanes, and water recreation facilities, the company plans on offering a wide range of activities in many locations around six premium lakes and two ocean front locations. AREM Pacific offers a diversified investment opportunity in hotels, food & beverage, and other hospitality elements.

Recent financial results include:

• Revenue 2008 :  $103,754  ,  Net Income: ($7,825) (audited)
• Revenue 2009 :  $121548,  Net Income: $4,111 (audited)
• Revenue 2010 : $100,821, Net Income: $4,437 (audited)

AREM Pacific Market Overview

China is the world’s third most visited country in the world. The number of overseas tourists was 55.98 million in 2010. As for the domestic demand, there are over 100 million Chinese whose incomes are commensurate with the incomes of the developed countries; yet, they have not had an opportunity to access these high end integrated resort facilities, because these facilities do not exist thus far in China. As a result, AREM believe there is a strong pent up demand.

AREM Pacific’s highlights within this market include:

• Signed several master water front leaseholds at below market rates
• When finished, these will be show case air-water-land resort & convention centers in China
• Subleasing the land to the hospitality operators, who will build and operate their own sites
• Low capital requirement and high ROI in a short time

AREM Pacific’s Recent Achievements

• Signed a 40-year master leasehold on a lake front shore line with a total land area of 285 acres in Hunan, China. The lease cost is at a substantial discount to the market price, and the land will be developed into an air-water-land resort & convention center. A prominent hotel has already signed a sublease to use a parcel of the land to build and run a hotel on site for retail customers. AREM will put in a convention and resort center for conventioneers, together with private villas on the site.
• Master leaseholds on five lakes and two ocean front land properties in China are being negotiated. AREM will also sublease these spaces out to the hospitality operators.
• Exclusive distribution agreements in China for the aerochutes, sky cars, private hydro planes, houseboats and yachts from Australia have been signed. These vendors are ready to provide equipment at substantially reduced costs to AREM.

AREM Pacific Competitive Overview

AREM Pacific is the first and only company that introduces an integrated air-water-land leisure and provides high end hospitality services to China. These services include holiday resorts, conference / exhibition centers, marine facilities offering houseboats, seaplanes, hot air balloons, skycars, aerochutes and private planes.

Similar listed companies include:

• Jinling Hotel Corporation Ltd. Nanjing provides guest rooms, restaurants and bars, meeting and events services, health and recreation services.
• New Taohuayuan Culture Tourism Co., Ltd. owns and operates the Taohuayuan Inn hotel and resort, Xi’an offers hotel rooms only.
• Shanghai Jin Jiang International Hotels Development Co. Ltd. is principally engaged in management and operation of hotels and restaurants.

About EastBridge Investment Group

EastBridge Investment Group focuses on high-growth companies in Asia, offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in the education, internet, energy, mining and service sectors. To learn more about EastBridge Investment Group go to our web site: www.EbigCorp.com. To receive EBIG’s email alert, send a blank email to info@EbigCorp.com. Join us on Facebook at the following link: http://www.facebook.com/ebigcorp.