June 17, 2008

AMI Research Initiates Coverage of Jade Art Group

KEY LARGO, Fla., June 17 /PRNewswire-FirstCall/ -- AMI Research, a division of Hawk Associates, announced today that it has initiated research coverage of Jade Art Group, Inc. (BULLETIN BOARD: JADA) with an accumulate recommendation and a $7.49 price target. This 30-page report by AMI analyst, Saurav Chakraborty, can be accessed from the AMI Research website, http://www.amistockreports.com/

Jade Art Group is a Chinese company engaged in the wholesaling and distribution of raw jade, currently used in high-end jewelry and sculptures with potential future applications in markets ranging from construction material to furniture. In January 2008, the company secured the distribution rights to the SheTai jade mine in Inner Mongolia for a tenure of 50 years. According to a recent survey by the Inner Mongolia Geological Institution, the mine has proven and probable reserves of 6.1 million tons, which at recent prices would value the mine's reserves at approximately $16 billion USD.

Jade Art Group reported first quarter revenue of $10.7 million. Shipments of raw jade during the quarter reached approximately 3,385 metric tons, with an average sales price equivalent to approximately $3,150 per metric ton. Net income from continuing operations for the first quarter was $6.0 million, or $0.03 per diluted share. To date in 2008, Jade Art Group has entered into six sales contracts for SheTai jade, representing a total value of approximately $42 million.

We expect the company to realize approximately $60.5 million in revenue in 2008 with $34.4 million in net income and $0.43 in diluted EPS. Given the barriers to entry in the jade mining business, the increasing price of jade due to depletion at other mines and strong consumer demand due to the special affinity the Chinese have for jade, we believe the company's long-term prospects are very positive.

Pictures, videos, a virtual tour and a transcription of a recent China Central Television report on Jade Art Group's mine in Inner Mongolia are also available at http://www.amistockreports.com/

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. These detailed reports provide serious investors with an in-depth understanding of a company and its technology, industry, strategic position, business model, financial history and future prospects.

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 enrollment in our one-year continuing research program is $30,000 prepaid for four research reports. We do not accept payment of our fees in company shares, and all AMI Research and Hawk Associates personnel are prohibited from owning or trading in securities of covered companies. The views expressed in this report accurately reflect the analyst's personal views about the subject securities or issuer. 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, visit http://www.amistockreports.com/    About Hawk Associates  

Since 1995, Hawk Associates has been helping microcap and small companies build valuation, support and credibility on Wall Street through customized, sustainable investor relations strategies. Hawk specializes in developing communications strategies that stand out in a universe of more than 5,000 small and microcap companies on Wall Street. Hawk has nearly 60 years of collective IR experience and serves clients in the United States, the U.K., China and Vietnam.

For more information, contact Frank Hawkins or Julie Marshall at 305-451-1888 or visit http://www.hawkassociates.com/

   AMI Research   Phone: (305) 451-1888   E-mail: [email protected]   http://www.amistockreports.com/  

AMI Research

CONTACT: Frank Hawkins or Julie Marshall, of Hawk Associates, +1-305-451-1888; or AMI Research, +1-305-451-1888, [email protected]

Web site: http://www.hawkassociates.com/http://www.amistockreports.com/