Shiming U.S. Inc. announced it has entered into a $400 million joint venture agreement with the Chinese Government in Baoji City to build a new technology complex. Shiming believes that this official partnership with the Chinese Government. The new technology complex, to be created on 200,000 sq meters already owned by the company in Baoji, China, will have floor space dedicated to 3G hardware and accessories, solar fuel cells, silicon chips, and heavy equipment targeting the rapid growth business sectors of oil field exploration and oil field services. Groundbreaking for the new technology complex is scheduled for late 2008. Shiming has already started producing 3G phones and accessories at their existing state of the art manufacturing plant, and has current production capacity to produce 100 million 3G phones a year. The new joint venture agreement with the Chinese Government, which includes a construction contract with the Baoji National Hi-Tech Development Company to build a new 3G phone factory, will greatly expand Shiming's manufacturing capacity and allow the company to target other areas of great demand in China.

Shiming U.S. Inc. announced that the company's Board of Directors has recently decided to pursue 3G mobile phone technology along with pursuing the development of products aimed at China's rapidly growing energy sector. Shiming will immediately shift the focus of company resources based on a recent decision made by the Chinese government to terminate a 17% refund in VAT given to the manufacturers of LCD screens and televisions. Shiming is depleting current inventories of LCD computer screens and televisions, and has implemented a new company strategy to focus on more rapidly growing sectors of the Chinese economy. Simultaneously, Shiming announced that it has acquired 200,000 square meters of land in Boaji, China, and will use this additional land in order to focus on developing greater manufacturing capabilities so the company can enter China's rapidly expanding energy services markets. Manufacturing development being planned on this new land will focus on solar energy cells, silicon chips and Shiming will explore developing products for China's oil field and oil exploration business sector.

Shiming U.S. Inc. announced that the company's Board of Directors has decided to pursue 3G mobile phone technology along with pursuing the development of products aimed at China's rapidly growing energy sector. Shiming is depleting current inventories of LCD computer screens and televisions, and has implemented a new company strategy to focus on more rapidly growing sectors of the Chinese economy. Simultaneously, Shiming has acquired 200,000 square meters of land in Boaji, China, and will use this additional land in order to focus on developing greater manufacturing capabilities so the company can enter China's rapidly expanding energy services markets. Manufacturing development being planned on this new land will focus on solar energy cells, silicon chips and Shiming will explore developing products for China's oil field and oil exploration business sector. With their exit from the LCD screen business, Shiming's current technology manufacturing plant will immediately be converted to focus on the development of 3G mobile phones.