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Russell Industries: RUSSELL INDUSTRIES UPDATE

HOUSTON, TX, Sep 07, 2006 (M2 PRESSWIRE via COMTEX) -- Russell Industries, Inc. (RSLI.PK) has named Black Top Mining ("BTM") as its Manager for Mining Operations. BTM is located in Mesa, AZ and has ownership interests in mines and claims in Arizona and Utah. The management agreement will be a five year term. BTM will be advising Russell Industries on existing and future acquisition opportunities. Russell Industries is interested in acquiring additional Uranium Mines and Claims.

On August 31, 2006, Russell Industries announced its Board of Directors had approved a 5 for 1 forward stock split of the Company's common shares. Each shareholder at the close of business on September 15, 2006 will receive four (4) additional shares for every outstanding share thereof. The effective date will be on or about September 19, 2006.

About Russell Industries, Inc.

Russell Industries, a Nevada Corporation, was incorporated in 1997. From its inception until 2005 the Company engaged in locating and developing base and precious metals and waste stream reclamation. In May 2005 the Company's founders elected new management with a strong background in the securities, financial, energy and healthcare industries. New management quickly restructured the organization and guided Russell Industries through a successful 15(c)2-11 registration for Pink Sheet quotation. The new Russell Industries is a holding company for assets in the energy, mining, healthcare and financial industries.

Safe Harbor

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. The Pink Sheets does not require companies whose securities are quoted upon its systems to meet any listing requirements. With the exception of a few foreign issuers, the companies quoted in the Pink Sheets tend to be closely held, extremely small and/or thinly traded. Most do not meet the minimum listing requirements for trading on a national securities exchange, such as the New York Stock Exchange or the NASDAQ Stock Market. Many of these companies do not file periodic reports or audited financial statements with the SEC, making it very difficult for investors to find reliable, unbiased information about those companies. For all of these reasons, companies quoted in the Pink Sheets can be among the most risky investments. That's why you should take extra care to any company quoted exclusively in the Pink Sheets. Be aware that some broker-dealers are required by SEC Rule 15c2-11 to have some information about the issuer. Ask your broker-dealer whether it has any Rule 15c2-11 information before you invest.

Source: Russell Industries

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