CHANGSU, China, Sept. 3 /Xinhua-PRNewswire-FirstCall/ -- Sutor
Technology Group, Ltd. ("Sutor") (OTC Bulletin Board: SUOT), today
announced that it successfully developed antistatic color coating
technology for its new product -- antistatic color coating steel strips --
in August.
    The antistatic coating technology is a composition of regular varnish
and conducting varnish, in a certain ratio, on pre-processed base steel
through innovative baking and coating production techniques. At this point,
Sutor is the sole producer of this product in China. A new variety of color
coated steel is used to build production rooms for precision manufacturing
devices, such as semiconductors, PC shells, operation rooms in hospitals,
laboratories, etc., which require a static-free environment. Before Sutor's
development of the antistatic color coating technology, Chinese consumption
relied solely on imported products.
    The new products have achieved great market feedback. Sutor believes
its sales will increase rapidly along with the market awareness. Ms. Lifang
Chen, the Chairman of Sutor said delightedly, "It is a great achievement
for our company, which increases our product pool selection, enhances our
market position and proves our R&D ability once again. I want to thank our
R&D staff for their hard work, and I believe our company will develop more
value-added products in the future."
    About Sutor Technology Group, Ltd.
    Sutor Technology Group, Ltd. manufactures and sells steel finishing
fabrication products through its wholly owned subsidiary Changshu Huaye
Steel Strip Co., Ltd. and Jiangsu Coldrolled Technology Co., Ltd. Its
products are typically used in the construction industry, widely applied in
manufacturing of electrical household appliance parts and outer casings,
electronics, infrastructure and large industrial equipment. Sutor has
developed an extensive worldwide sales network, which allows it to
effectively market products to customers.
    Forward Looking Statements
    This release contains certain "forward-looking statements" relating to
the business of Sutor and its subsidiary companies, which can be identified
by the use of forward-looking terminology such as "believes, expects" or
similar expressions. Such forward looking statements involve known and
unknown risks and uncertainties, including all business uncertainties
relating to product development, marketing, and concentration in a single
customer, raw material costs, market acceptance, future capital
requirements, and competition in general and other factors that may cause
actual results to be materially different from those described herein as
anticipated, believed, estimated or expected. Certain of these risks and
uncertainties are or will be described in greater detail in our filings
with the SEC. Sutor is under no obligation to (and expressly disclaims any
such obligation to) update or alter its forward- looking statements whether
as a result of new information, future events or otherwise.

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