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ETLT Announces E-sea International Is Building Industrial Zone

^{Published on 2008-12-03 06:50:58 - Market Wire}
 

HOUSTON--([ BUSINESS WIRE ])--Eternal Technologies Group, Inc. (OTCBB:ETLT) today announced that E-sea International is building Industrial Zone. Medical Equipment Manufacturing License which is owned by E-sea International is due on December 31, 2008. The company has submitted extension application to China FDA and also received unapproved notice from FDA of Guangdong province on November 23^rd, 2008 because production location didn't meet the GMP requirement. In order to solve the problem, the company decided to purchase land to build "E-sea International Medical Equipment Industrial Zone" in Zhuzhou, Hunan province. They planned to purchase land at one time and develop it gradually. The initial plan is to satisfy self demand. The project fund comes from E-sea International and ETLT. Meanwhile, Bank of Zhuzhou also made proposal to finance this project. E-sea International is going to start project in the near future and its medical equipment producing and Research & Development department will move to ZhuZhou City of Hunan province.

About Eternal Technologies

Eternal is a major agricultural genetics and biopharmaceutical R&D firm operating in China with the support of the Chinese Government. Eternal's animal breeding division has a strong asset base, cash position and net income. Eternal has become one of China's leading institutions for biopharmaceutical and biotech research, pure breed cultivation and breed stock production. The Company has secured a key market niche by commercializing gene engineering technologies and providing superior breeding stock, allowing China's citizens the ability to improve their living standards. With the world's largest population, a double-digit national growth rate and entry into the WTO, Eternal Technologies has a playing field set for tremendous opportunity. As a prominent player in the agricultural genetics industry, cash in the bank and an untapped market, Eternal has the potential to become a major player in China's national growth.

For more information please visit website: [ http://www.eternaltechs.com ].