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China Jiangsu Golden Horse Steel Ball, Inc. (Pink Sheets: CJGH) (January 22, 2008) ("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."
The Company along with its affiliates and controlled entities is one of the top 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.
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Material Technologies, Inc. (OTCBB: MTTG) (January 22, 2008), Los Angeles, CA provided inspection services to CalTrans using their patented Electrochemical Fatigue Sensor (EFS) System. The inspected structure is a fracture critical bridge located in West Sacramento, CA that has been repaired and retrofitted. Inspection results are being used to determine which of the existing cracks are growing, if there are other locations which contain cracks previously undocumented, and whether the repairs and retrofits installed on the bridge are working properly, that is, not exhibiting any crack growth. This information can be used to prioritize repair funds as well as verify the efficacy of those repairs and repair methods.
The inspection was completed on December 12, 2007, with a dozen CalTrans representatives present. Results will be presented to officials to determine further uses of EFS across the state.
Robert M. Bernstein, MATECH's CEO, says, "MATECH continues to provide DOT's (state departments of transportation) with invaluable information never available before. More and more DOT's are becoming familiar with the technology and requesting inspections. They are using the inspection results to make better bridge management decisions."
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Techalt, Inc. (Pink Sheets: TCLT) (January 18, 2008) announced that it is in the final stages of negotiations to acquire one of the largest online suppliers of electric vehicle parts and components. The Company plans to announce the signing of the merger agreement as early as next week.
The Company also announced it is in final negotiations to acquire the licensing rights for a cream best known for treating and preventing open wounds to the skin often incurred through athletic activities. This cream significantly shortens the healing time for abrasions, laceration and blisters, and help to diminish the pain associated with those injuries. This cream is being used by several professional athletes. The Company anticipates a definitive licensing agreement by February.
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Bell Buckle Holdings, Inc. (Pink Sheets: BLLB) (January 22, 2008) announced that the big-box retailers T.J. Maxx and Marshalls have selected fourteen Bell Buckle Holdings products for placement in the gourmet sections of their stores. Owned by The TJX Companies, Inc., T.J. Maxx and Marshalls are the first and second largest off-price retailers of apparel and home fashions in the United States, respectively. The fourteen Captain Rodney's Private Reserve brand items selected include the company's award-winning, all-natural Hot Pepper Jelly and Mango Pepper jelly, five flavors of Caribbean Salsa, their all-natural Key Lime Curd, plus two Captain Rodney's All-Natural Hot Sauces; Corazon del Fuego and Mango Fire. T.J. Maxx and Marshalls will also offer Captain Rodney's Private Reserve Sweet and Spicy All-Natural Pepper Glazes in four varieties; Tequila Lime Glaze, Mango Pepper Glaze, Lime Ginger Glaze and the Original Boucan Glaze. These items started hitting the store shelves in mid-January, just in time for the big football game.
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