Shumate Industries Announces Plans to Pursue Strategic Options, Including the Potential...

Shumate Industries Announces Plans to Pursue Strategic Options, Including the
Potential Sale of Shumate Machine Works

CONROE, Texas, June 6 /PRNewswire-FirstCall/ -- Shumate Industries
(OTC Bulletin Board: SHMT) announced today that the Company's Board of
Directors has directed management to pursue certain strategic options,
including the potential divestiture of its Shumate Machine Works (SMW)
subsidiary.
As a 30,000 square foot oilfield machining and manufacturing company
located in Conroe Texas, SMW had revenues of approximately $8 million last
year with about 38 employees.
Forward-Looking Statements
This document contains discussion of items that may constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Although the Company believes the expectations
reflected in such forward-looking statements are based on reasonable
assumptions, it can give no assurances that its expectations will be achieved.
Factors that could cause actual results to differ from expectations include,
but are not limited to, customer concentration risk, difficulties in
refinancing its debt, difficulties in consolidating the operations of the
Company's operating subsidiaries, difficulties in accelerating internal sales
growth, volatility of the energy business and its effects on the Company's
business, difficulties in new technology acceptance within the energy
industry, restrictive covenants in our existing credit facilities,
fluctuations in metals prices, general economic conditions in markets in which
we do business, extensive environmental and workplace regulation by federal
and state agencies and other general risks related to its common stock, and
other uncertainties and business issues that are detailed in its filings with
the Securities and Exchange Commission. All information provided in this
release and in the attachments is as of June 06, 2008 and the Company
undertakes no duty to update this information.
SOURCE Shumate Industries, Inc.

Matthew Flemming of Shumate Industries, Inc., +1-936-539-9533; or investor
relations, Craig T. Stewart, +1-585-218-7371, cstewart@ncainc.com, or Don
Michlin, +1-936-271-2423, dmichlin@ncainc.com, both of North Coast Advisors,
Inc., for Shumate Industries, Inc.