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From Yahoo News 5/24/07
10:48AM
Press Release Source: Russell Industries, Inc.


Russell Industries Closes 504
Thursday May 24, 10:48 am ET


HOUSTON--(BUSINESS WIRE)--Russell Industries, Inc. (PINK SHEETS:RSDS - News) announces that its sale of securities pursuant to Regulation D, Rule 504, of the United States Securities and Exchange Commission will be concluded on June 1, 2007.

"The response from accredited investors was overwhelming and the equity capital raised has enabled Russell Industries to operate, acquire uranium mine claims and build a foundation for future mining, acquisitions and validation of proven and probable reserves of the assets," said Rick Berman, President and CEO.

About Russell Industries, Inc.

Russell Industries, a Nevada Corporation, was incorporated in 1997. Russell Industries is a holding company that will acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 254 Uranium Mining Claims as of May 23, 2007.

Safe Harbor

Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.

Contact:
Russell Industries, Inc.
Rick Berman, 713-446-7231 (Investor Relations)
Fax: [phone]
[e-mail]

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Source: Russell Industries, Inc.