SYL

Symax Lift (Holding) Co. Ltd. ("Symax") (TSX VENTURE: SYL), an assembler and manufacturer of elevators and escalators, has entered into a contract with Qinghai Jin De Yuan Property Development Co, Ltd to manufacture 56 elevators, valued at CAD$1.83 million (RMB 11.96 million) for a commercial development project in Qinghai Province, China.

Delivery will commence in March, 2011 and be completed by April, 2011.

"We are honored to be the supplier of choice for Qinghai Jin De Yuan Property Development Co, Ltd. on this project and look forward to developing a longer term working relationship with them in the months to come," said Xiaoyan (Sabrina) Zhang, Symax's Chief Executive Officer.

About Symax Lift (Holding) Co. Ltd.

Symax is in the business of the development, manufacturing, and sale of elevators, as well as the provision of after-sales services in China and worldwide. Symax's products and services are classified into two separate offerings: first, a main line of standardized products which include passenger elevators, goods/freight elevators, villa elevators, panorama elevators, hospital elevators, residential and commercial escalators and moving walkways; and, secondly, customized elevator products.

Contacts: Symax Lift (Holding) Co. Ltd. Ming (Barry) Sheng +1-604-601-8224 barry.sheng@symax.ca