JER Announces Closing of Third Tranche of Private Placement

VANCOUVER, BC, Aug 27 (MARKET WIRE) --
JER Envirotech International Corp. (TSX-V: JER) (FRANKFURT: KFTB) ("JER"
or the "Company") is pleased to announce that further to its news
releases dated April 15, 2008, May 30, 2008 and June 27, 2008, it has
received final TSX Venture Exchange acceptance with respect to the
closing of the third tranche of its non-brokered private placement.

The Company sold 1,910,409 units at a price of $0.33 per unit for gross
proceeds of $630,435. Each unit consists of one common share and one half
share purchase warrant of the Company. Each whole warrant entitles the
holder to purchase one additional common share of the Company at a price
of $0.50 for a period of one year from closing date. These units are
subject to a hold period expiring December 27, 2008. This closing is the
third tranche of the Company's previously announced private placement of
up to 8,000,000 units.

The Company shall pay $27,963 in cash as a finder's fee on a portion of
this third tranche of private placement.

The total financing, including the closing of the first tranche of
1,931,559 units for gross proceeds of $637,415, the closing of the second
tranche of 2,664,545 units for gross proceeds of $879,300 and the closing
of the third tranche of 1,910,409 units for gross proceeds of $630,435,
resulted in the Company issuing a total of 6,506,513 units for total gross
proceeds of $2,147,150.

About JER Envirotech International Corporation

JER is a global manufacturer of thermoplastic biocomposite compounds and
sheeting. The Company's patented technology utilizes waste or by-product
materials, such as wood fibre or rice hulls, to produce
environmentally-friendly alternative products for applications in the
construction, transport, automotive and toy industries. The Company
currently has a range of biocomposite formulations which it developed in
collaboration with the National Research Council - Industrial Materials
Institute of Canada.

JER currently has manufacturing operations in Canada, Malaysia and the
Philippines. The Company is publicly-traded on the TSX Venture Exchange
(TSX-V) under the symbol "JER" and on the Frankfurt Stock Exchange under
the symbol "KFTB."

JER ENVIROTECH INTERNATIONAL CORPORATION

"Ji Yoon"

Mr. Ji Yoon
Chief Financial Officer
International: +1(604) 940-9262
jyoon@jerenvirotech.com

The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release. This news release contains certain
forward-looking statements that reflect the current views and/or
expectations of JER Envirotech International Corp. with respect to its
performance, business and future events. Investors are cautioned that all
forward-looking statements involve risks and uncertainties including,
without limitation, those relating to changes in the market, potential
downturns in economic conditions, foreign exchange fluctuations, demand
for thermoplastic biocomposites, competition and our ability to implement
our business plans and strategies in a timely manner or at all. These
risks, as well as others, could cause actual results and events to vary
significantly. JER Envirotech International Corp. does not undertake any
obligations to release publicly any revisions for updating any voluntary
forward-looking statements.

(2008-08 #19)

Distributed by Filing Services Canada and retransmitted by Marketwire

For more information, visit www.jerenvirotech.com or contact:

Mr. Ji Yoon
Chief Financial Officer
International: +1(604) 940-9262
Email Contact

Investor Relations:

Mr. Mark Komonoski
VP Corporate Communications
Toll-Free: 1-877-255-8483
International: +1(403) 470-8384
Email Contact
Email: Email Contact
Website: www.jerenvirotech.com

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