China Jiangsu Golden Horse Steel Ball Participates in Chinese Government's Five-Year Technology Development Program of

XUYI, JIANGSU, CHINA, Jan 22 (MARKET WIRE) --
China Jiangsu Golden Horse Steel Ball, Inc. (PINKSHEETS: CJGH) ("Golden Horse"
or "the Company") a leading Chinese manufacturer and supplier of ball bearings,
wishes to announce that its controlled affiliate, Jiangsu Golden Horse Steel
Ball Co., Ltd. ("Jiangsu Golden Horse") will take an active role in the Chinese
Government's 11th five-year technology development plan of the steel ball
industry, which is formulated based on the requirements of China's Bearing
Industry 11th five-year development program, has been approved by China Bearing
Industry Association Technology Committee.

Jiangsu Golden Horse, a domestic People's Republic of China company, will
undertake several new technology developments in the steel ball industry for
2008
and 2009. Three programs are slated for 2008 and will include the research of
G3 grade high-precision steel balls, the research of new resin grinding wheel
milling techniques, and the development of automotive bearing steel wire. In
2009,
three programs will research the life span test machine of steel balls,
development of steel ball line processing technology, and the development of
cold
heading active control technology of steel balls.

"We take great pride to take an active role in the government's 11th
Five-Year
Technology Development Program of Steel Ball Industry in China and continue our
leading position in the steel ball industry," stated Qiang Ma, President of
China Jiangsu Golden Horse Steel Ball, Inc. "Our company employs more than 50
engineers and we look forward to the research and development programs to
improve the equipment, the product quality and technologies of steel ball
production."

About Us:

The Company along with its affiliates and controlled entities is one of
thetop five manufacturers of steel ball bearings in China. The Company produces
over
three billion ball bearings annually of various specifications along with its
development of over 15 new products, such as stainless steel balls,
aluminium balls, and ceramics balls. In addition, the Company continues to
export
its products to over twenty countries worldwide including the USA, Japan,
Brazil,
India, and Germany.

Forward-looking Statements:

The information contained herein includes forward-looking statements.
Thesestatements relate to future events or to our future anticipated financial
performance, and involve known and unknown risks, uncertainties and other
factors that may cause our actual results, levels of activity,
performance,or achievements to be materially different from any future results,
levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. You should not place undue reliance on
forward-looking statements since they involve known and unknown risks,
uncertainties and other factors which are, in some cases, beyond our control
and which could, and likely will, materially affect actual results, levels of
activity, performance or achievements. Any forward-looking statement reflects
our current
views with respect to future events and is subject to these and other risks,
uncertainties and assumptions relating to our operations, results of
operations, growth strategy and liquidity. We do not intend to publicly
update or revise these forward-looking statements for any reason, or to update
the
reasons actual results could differ materially from those anticipated in these
forward-looking statements, even if new information becomes available in the
future. The safe harbor for forward-looking statements contained in the
Securities Litigation Reform Act of 1995 protects companies from liability for
their forward-looking statements if they comply with the requirements of the
Act.

Contact:

Investor Relations Contact:
Tel: 1-866-365-4724
Website: http://www.goldenhorsesteel.com

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