IGS Capital Group Ltd. (IGSC)

[lugan]

.02/share

The Company generated revenues of $3.35 million in the 2010 third quarter, representing $452,691 or 19% increase compared to $2.81 million in the 2009 third quarter. Revenue from our China operations increased $421,359 or 19% from $2.19 million in the 2009 third quarter to $2.61 million in the 2010 third quarter. Revenue from our Australia operations has increased by $121,332 or 19% from $622,921 in the 2009 third quarter to $744,253 in the 2010 third quarter. The increase in revenue from China operations is partially because of the investment in the waste paper and cardboards recycling business from June 2010. Although exports of materials from Australia are still suffering from the global financial crisis, our Australia operation business is gradually recovering.