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China RuiTai Announces Completion of New Plant for Biopolysaccharide



TAI'AN, China, Oct. 16 /Xinhua-PRNewswire-FirstCall/ -- China RuiTai International Holdings Co., Ltd. (OTC Bulletin Board: CRUI) ("China RuiTai" or "the Company"), a leading producer and distributor of cellulose ether products in the People's Republic of China ("PRC"), today announced that it completed the construction of its new plant for manufacturing biopolysaccharide. Production is expected to begin by the end of 2008.

"We are delighted that construction of our new plant has been completed on schedule," said Mr. Dianmin Ma, Chairman and Chief Executive Officer of China RuiTai. "We believe that commencing biopolysaccharide production will complement our core cellulose ether business, diversify our revenue stream, and reaffirm our commitment to improving our product mix and producing strong financial results."

Biopolysaccharide is a water-soluble and viscous polysaccharide that can be made into film and fiber and applied as a functional additive in various products, such as medicine capsules, food and food wrapping films. The Company's new plant will be capable of producing 100 tons of biopolysaccharide per year. Management estimates a selling price for biopolysaccharide of RMB 200,000 (USD $29,300) per ton.

"Currently, we are in negotiations with several business partners in pharmaceutical and food processing industries for sample trials and supply contracts. We look forward to meeting the growing demand for biopolysaccharide from various industries as we hone our research and development capabilities," added Mr. Ma.

About China RuiTai International Holdings Co., Ltd.

China RuiTai International Holdings Co., Ltd. (OTC Bulletin Board: CRUI), through its operating subsidiary, is engaged in the production, sales, and exportation of deeply processed chemicals, with a primary focus on non-ionic cellulose ether products. Cellulose ether is an organic chemical that acts as a thickener and dissolves in water and other organic solvents. The Company is one of the largest non-ionic cellulose ether producers in China delivering products for the pharmaceutical, PVC manufacturing, construction industry, the personal care market and oil field exploration and recovery industries. China RuiTai exports to United States, Europe, India, the Middle East, and South East Asia.

Safe Harbor Statement

For further information, Contact:

Mr. Gang Ma, CFO

China RuiTai International Holdings Co. Ltd.

Tel: +86-53-8385-0703

Email: fcmagang@163.com

Mr. Crocker Coulson

President

CCG Investor Relations

Tel: +1-646-213-1915

Email: crocker.coulson@ccgir.com

Web: http://www.ccgir.com

Source: China RuiTai International Holdings Co. Ltd.
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Keywords: Chemical
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