AMI Research Updates Coverage of Jade Art Group, Inc.

Downgraded to NEUTRAL Until Operations Regain Traction, Operations Halted by
Earthquake

KEY LARGO, Fla., Aug. 27 /PRNewswire/ -- AMI Research, a division of Hawk
Associates, today announced that it has issued an update on its analyst
coverage of Jade Art Group, Inc. (OTC Bulletin Board: JADA) based on the
company's Q2 '08 results. AMI Research downgraded its rating to NEUTRAL with a
price target of $3.29. The complete report is available at the AMI Research
website http://www.amistockreports.com .
The report says, "The earthquake that shook Inner Mongolia, China in June
forced Jade Art Group to suspend operations at its jade mine due to the
destruction of the road leading to the mine. As a result, the company reported
a disappointing Q2 '08 with revenues contracting 37% to $6.7 million."
The report also notes that given the uncertain time frame for recommencing
normal operations, management has withdrawn its 2008 guidance and says it
expects to generate little or no revenue in Q3 '08. Existing sales contracts
will provide a strong catalyst to restart the company's revenue stream and
regain momentum once normal operations resume. The report says, "In 2009, we
expect a strong 40% growth in volume due to the carry forward of current sales
agreements."
About AMI Research
AMI Research is a leading provider of issuer-paid research coverage and a
division of Hawk Associates Inc. AMI Research offers high quality and credible
fundamental analysis of promising small companies that do not have traditional
Wall Street analyst coverage. Please visit http://www.amistockreports.com .
AMI Research abides by the Best Practice Guidelines Governing Analyst and
Corporate Issuer Relationships, developed by the CFA Institute in conjunction
with the National Investor Relations Institute (NIRI). The cost of a one-year
continuing research program is $30,000 prepaid for four research reports. AMI
does not accept payment of fees in company shares. All AMI Research and Hawk
Associates personnel are prohibited from trading in securities of covered
companies. Neither the analyst's compensation nor the compensation received by
AMI Research is in any way related to the specific ratings or views contained
in this research report.
For more information, contact Frank Hawkins or Julie Marshall at
305-451-1888 or visit http://www.hawkassociates.com .
SOURCE AMI Research

Frank Hawkins or Julie Marshall for AMI Research, +1-305-451-1888