Downgraded to NEUTRAL Until Operations Regain Traction, Operations Halted by Earthquake KEY LARGO, Fla., Aug. 27 /PRNewswire/ -- AMI Research, a division of Hawk Associates, today announced that it has issued an update on its analyst coverage of Jade Art Group, Inc. (OTC:JADA) (BULLETIN BOARD: JADA) based on the company's Q2 '08 results. AMI Research downgraded its rating to NEUTRAL with a price target of $3.29. The complete report is available at the AMI Research website http://www.amistockreports.com/ . The report says, "The earthquake that shook Inner Mongolia, China in June forced Jade Art Group to suspend operations at its jade mine due to the destruction of the road leading to the mine. As a result, the company reported a disappointing Q2 '08 with revenues contracting 37% to $6.7 million." The report also notes that given the uncertain time frame for recommencing normal operations, management has withdrawn its 2008 guidance and says it expects to generate little or no revenue in Q3 '08. Existing sales contracts will provide a strong catalyst to restart the company's revenue stream and regain momentum once normal operations resume. The report says, "In 2009, we expect a strong 40% growth in volume due to the carry forward of current sales agreements." About AMI Research AMI Research is a leading provider of issuer-paid research coverage and a division of Hawk Associates Inc. AMI Research offers high quality and credible fundamental analysis of promising small companies that do not have traditional Wall Street analyst coverage. Please visit http://www.amistockreports.com/ . AMI Research abides by the Best Practice Guidelines Governing Analyst and Corporate Issuer Relationships, developed by the CFA Institute in conjunction with the National Investor Relations Institute (NIRI). The cost of a one-year continuing research program is $30,000 prepaid for four research reports. AMI does not accept payment of fees in company shares. All AMI Research and Hawk Associates personnel are prohibited from trading in securities of covered companies. Neither the analyst's compensation nor the compensation received by AMI Research is in any way related to the specific ratings or views contained in this research report. For more information, contact Frank Hawkins or Julie Marshall at 305-451-1888 or visit http://www.hawkassociates.com/ . DATASOURCE: AMI Research CONTACT: Frank Hawkins or Julie Marshall for AMI Research, +1-305-451-1888 Web site: http://www.hawkassociates.com/ http://www.amistockreports.com/

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