Jade Art Group Announces Two Sales Agreements Totaling US$9.7 Million.

Business Wire | February 25, 2008 | Copyright

NEW YORK & JIANGXI, China -- Jade Art Group Inc. (OTCBB: JADG) announced today that Jiangxi SheTai Jade Industrial Co., Ltd. ("JST"), its wholly-owned subsidiary and owner of 90% of the distribution rights for the SheTai Jade mine, one of the largest jade mines in China by reserves, signed two sales agreements for the distribution of raw jade totaling approximately US$9.7 million. These agreements were signed with YangZhou GuoCui Jade ("YZGC") and ShenZhen HongDa Craftwork Ltd. ("SZHD").

The agreement with YZGC commits it to purchase a total of 1,000 tons of raw ...

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