American Rare Earths and Materials Corp. (fka AREM)

[jcljack25]

Element 21 Sports a Buy With a $3.10 -- 12 Month Target Issued by Acorn Research LLC
Friday January 9, 2009, 8:05 am EST
Yahoo! Buzz Print TORONTO--(MARKET WIRE)--Jan 9, 2009 -- Element 21 Golf Company (OTC BB:ETGF.OB - News) (Frankfurt:BJQ.F - News), the leading manufacturer of advanced Scandium Alloy golf and fishing equipment, announced today that Acorn Research has issued a research report with a target 12 months stock price of $3.10. The report is available on line at http://www.acornmanagementpartners.com/research/Element%2021%20Sports%20(ETGF).pdf

Element 21 Sports Company is a vertically integrated Scandium metal company that produces golf and fishing equipment made with proprietary technology and patented Element 21 metal. The objective of Element 21 Sports is to position the organization as a key innovator in the retail golf and fishing equipment market. Element 21 Sports Company plans to expand its product lines to include hockey, baseball, cycling, tennis, and other sports, where strength and lightness is required to improve performance and playability.

Element 21 Sports Company's premier products are golf clubs and fishing poles made out of a Scandium and biofiber materials, which are light, durable, and long-lasting. Element 21's golf clubs have been used by renowned golf pros, such as the winner of the FedEx Cup in 2008, who continue to use Element 21's Scandium technology during professional competition. Their patented technology encompasses scandium as the fundamental material used to provide superior golf and fishing equipment. The hollow design of the golf clubs gives the player more accuracy on off-center hits. Their clubs have a wide sole, which gives the player a launch trajectory angle for all types of lies. Each club is hand assembled and frequency matched for consistent feel and performance.

Element 21 Sports Company was established as a manufacturer and designer of advanced Scandium metal golf and fishing equipment. Scandium metal is a synthetic aluminum alloy material which is light and durable.

Element 21 Sports Company has developed award winning fishing products. Element 21's Carrot Stix represents the latest in cutting edge technology, using a newly developed proprietary method of integrating nano level cellulose bio-fibers into the rod. With sponsors like Boyd Duckett and many others on all the fishing tours, Element 21 fishing line is one of the fastest growing in the country, if not the world. The fishing products recently were recognized as the "BEST OF SHOW" at the 2007 and 2008 ICAST show, the world's largest sports fishing show.

Element 21 Golf Company's revenue has been growing at an annualized growth rate of 343.3% and 705.5% for fiscal year 2006 and 2007, respectively. The three year average growth rate for the recent past is 203.9%.

Forward-Looking Statements.