UNDERVALUED PENNY STOCKS

[ORCA]

CJGH.06.ALERT;INCREDIBLY UNDERVALUED.SHOULD BE TRADING AT .20 MINIMUM AT AROUND BOOK VALUE, OR THE LOW 5 P/E AND HIGH OF .80 ON 20 P/E.
EVEN $1.00 IS JUSTIFYABLE IMO.READ THE WHOLE THING.THIS IS AN EXREMELY UNDERVALUE STOCK.SOME OF THE BEST FUNDAMENTALS I HAVE EVER SEEN.TRADES AT 1 AND HALF TIME EARNINGS.CHECK WEBSITE TOO.
http://www.goldenhorsesteel.com/steelball/index.asp

http://www.goldenhorsesteel.com/steelball/CJGH_fianacials.pdf
DD 1)Revenues of $12.9 Million.
2)FY2007, the Company recorded net income of $1.1 million OR .04 PER SHARE EARNINGS.UNREAL.
3)O/S 27,5 MILLION.
4)GROWTH 20% FOR 2008.
5)Total Shareholder Equity $6.9 million.
6)BOOK VALUE =.25 PER SHARE.
7)Golden Horse along with its affiliates and controlled entities is one of
the top five manufacturers of steel ball bearings in China. The Company
produces over three billion ball bearings annually of various
specifications along with its development of over 15 new products, such as
stainless steel balls, aluminum balls, and ceramics balls. In addition, the
Company continues to export its products to over twenty countries worldwide
including the USA, Japan, Brazil, India, and Germany.</B>
8)CASH 321K$.

(Market Wire) China Jiangsu Golden Horse Steel Announces Common Share Reduction


XUYI, JIANGSU, CHINA -- (MARKET WIRE) -- 02/12/08 -- China Jiangsu Golden Horse
Inc. (PINKSHEETS: CJGH) (FRANKFURT: 4J3) ("Golden Horse" or "the Company"),
a leading Chinese manufacturer and supplier of ball bearings, announced
today a capital restructure of its common stock. As of 11 February 2008,
twenty (20) million common shares have been retired to treasury, leaving
the total shares outstanding at 27,510,217.
(Market Wire) China Jiangsu Golden Horse Steel Ball Reports Annual Revenue of $


XUYI, JIANGSU, CHINA -- (MARKET WIRE) -- 02/04/08 -- China Jiangsu Golden Horse
Inc. (PINKSHEETS: CJGH) ("Golden Horse" or "the Company") a leading Chinese
manufacturer and supplier of ball bearings has announced unaudited
operating results for the year ended December 31, 2007 ("FY2007").



"We had a very solid year, and we were happy to see the continued growth in
our business," commented Mr. Qiang Ma, President of China Jiangsu Golden
Horse Steel Ball, Inc. "We expect to continue the year-on-year net revenue
growth at a rate of approximately 20% for 2008."



For the year ended December 31, 2007, the Company recorded revenue of $12.9
million, an increase of $1.4 million or 12.0% from the $11.5 million
recorded in fiscal 2006 ("FY2006"). The increase in revenue is
attributable to growing global demand for steel bearings as the Company had
positive growth in sales from its existing customer base and was able to
obtain new contracts.





The cost of production materials, labor and other indirect manufacturing
costs increased by $1.6 million or 16.3% to $11.2 million for FY2007 when
compared to last year. The increase is mainly due to higher direct
material costs as the price for raw material steel products continue to
increase as a result of higher global demand. In addition, the Company has
made capital investments to improve its offering of bearing products and
modernization of equipment and machinery, including the opening on the new
plant in Xuyi, which will result in efficient production processes.



Gross margin for the year was $1.7 million, a decrease of 10.3% from the
$1.9 million recorded in 2006. The decrease in gross margin was a result
of the aforementioned higher raw materials and the costs associated with
upgrading manufacturing equipment and machinery.



Selling expenses were $84,000, a decrease of $58,000 or 41.0%, general and
administrative expenses were $537,000, an increase of 64.2% from $327,000,
and interest expense were $236,000, higher by $74,000 or 45.6%. The
increase in general and administrative -- and financial -- expenses is
primarily a result of the increased business activity and the opening of
the new plant during the course of the year.



FY2007, the Company recorded net income of $1.1 million, an increase of
$0.3 million or 36.5% from the $0.80 million recorded in FY2006.



As at December 31, 2007, the Company had a working capital surplus of $1.4
million and a working capital ratio of 1.11. The Company has made
substantial investments in equipment and machinery in 2007 that will
support the growth of the business activity from a production capacity and
efficiency prospective. During FY2007, the Company's operating activities
generated $2.0 million in cash. Investment activities during 2007 consumed
$2.3 million for the purchase of capital equipment and machinery.



During FY2007, Total Assets increased by 32.4% from $15.3 million to $20.3
million and Total Shareholder Equity increased by 19.2% from $5.8 million
to $6.9 million.



About Us:



Golden Horse 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, aluminum 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.



Forward-looking Statements:



The information contained herein includes forward-looking statements. These
statements relate to future events or to our future financial performance,
and involve known and unknown risks, uncertainties and other factors that
may cause our actual results, levels of activity, performance, or
achievements to be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. You should not place undue reliance on
forward-looking statements since they involve known and unknown risks,
uncertainties and other factors which are, in some cases, beyond our
control and which could, and likely will, materially affect actual results,
levels of activity, performance or achievements. Any forward-looking
statement reflects our current views with respect to future events and is
subject to these and other risks, uncertainties and assumptions relating to
our operations, results of operations, growth strategy and liquidity. We
assume no obligation to publicly update or revise these forward-looking
statements for any reason, or to update the reasons actual results could
differ materially from those anticipated in these forward-looking
statements, even if new information becomes available in the future. The
safe harbor for forward-looking statements contained in the Securities
Litigation Reform Act of 1995 protects companies from liability for their
forward-looking statements if they comply with the requirements of the Act.



For more information, please contact:

Investor Relations Contact:

Tel: [phone]

Website: http://www.goldenhorsesteel.com




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