Dalian RINO Provides Business Update

Company Announces $20 Million in Sales Contracts and Makes Further Progress on its Anti-oxidation Technology

DALIAN, China, Feb. 15 /Xinhua-PRNewswire-FirstCall/ -- Jade Mountain Corporation (OTC Bulletin Board: JDMC), through its operating subsidiaries, including Dalian RINO Environmental Engineering Science and Technology Co., Ltd., a PRC company ("RINO"), today is providing shareholders and investors with a business update.

Since reporting its third quarter earnings on November 20, 2007, the Company has signed several new contracts for both its existing and new product lines. Regulatory drivers continue to drive customer adoption, many which are State Owned Enterprises. The State Environmental Protection Administration (SEPA) made several announcements toward the end of 2007, including a significant increase in fines for enterprises that pollute drinking water sources, with fines amounting to as much as 20 to 30 percent of the estimated direct economic costs associated with such damage. Additionally, the charge on sulfur dioxide emissions was also doubled. These moves are part of a countrywide effort to ensure those creating the pollution pay the costs, while cutting major pollutants by 10 percent during the Central Governments’ five year plan ending 2010.

Specifically, RINO has recently signed and begun production on several contracts, including approximately $7.0 million for its lamella inclined comprehensive wastewater treatment systems, and approximately $13.0 million for its desulphurization equipment. Substantive negotiations are underway for additional purchase contracts and the Company anticipates reporting further growth in each product line for the balance of 2008.

Additionally, the company completed the first installation of its high temperature anti-oxidation systems at Jinan Iron & Steel in July 2007 booking approximately $1.7 million on two separate projects which were a component of the financial results for the nine month period ending September 30, 2007. These installations are currently undergoing minor adjustments for both the application device and coating in junction with technicians from the China Academy of Sciences. From a functionality standpoint, the anti-oxidation coating appears to have better efficacy than the 60 percent reduction in oxidation which was previously calculated. Currently, the company is in negotiations for over 30 hot rolled steel production lines and the customer acquisition cost for the application equipment has been increased to approximately $1.2 million per unit compared to $0.5 million initially. The cost of the coating to the customer is approximately $1 per metric ton of production and thus an average production line will consume several million dollars worth of coating annually, with an estimated gross margin contribution to Dalian RINO in excess of 40 percent.

“Leveraging a strong brand name, our research and development capabilities and partnerships with leading universities, we are in the process of launching two new products focused on providing air filtration and energy conversion systems for Iron and Steel manufacturers. We anticipate providing additional details in the near term,” stated Mr. Dejun Zou (David), Chief Executive Officer of Dalian RINO Environmental Engineering Science and Technology Co., Ltd.

The $21.3 million in net proceeds from the capital raise completed in October 2007, has provided both working capital and funding to expand the Company’s production facility and capabilities to accommodate this growth. To date, RINO has made deposits to secure new production equipment and for construction of an extension to the factory building, which is slated to begin in early second quarter 2008 and will result in significant increases the Company’s overall production capacity.

Mr. Zou further elaborated, “We are very pleased with the progress we have made during the past year, including further execution on our core products sales strategy, while successfully completing installations for existing and new customers, while furthering new product development efforts.” “New government regulations, in addition to more stringent enforcement of those already enacted has continued to drive customer adoptions. Specifically, SEPA plans to mandate $190 billion in environmental remediation during its five-year plan that encompasses 2006 - 2010 and industry sources indicate that approximately $1.7 billion has been allocated to desulphurization control in the steel sector alone. Being a leader in the environmental services industry, with a specific focus on iron and steel manufacturers, puts us in a unique situation to capitalize on what we believe will be a long term secular growth trend.”

About Dalian RINO Environmental Engineering Science and Technology Co., Ltd.

RINO is a leading provider of environmental protection equipment for the iron and steel industry in China. Specifically, RINO designs, manufactures, installs and services proprietary and patented wastewater treatment, flue gas desulphurization equipment, and high temperature anti-oxidation systems, which are all designed to reduce either industrial pollution and/or energy utilization. RINO's manufacturing facility maintains the ISO 9001 Quality Management System and ISO 14001 Environment Management System certifications, in addition to receiving numerous government and industry awards.

Cautionary Statement Regarding Forward Looking Information

This press release may contain forward-looking information about the Company, Innomind and RINO. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and statements which may include discussions of strategy, and statements about industry trends future performance, operations and products of each of the entities referred to above. Actual performance results may vary significantly from expectations and projections as a result of various factors, including without limitation and the risks set forth "Risk Factors" contained in the Company’s Current Report on Form 8-K filed on October 12, 2007.

For more information, please contact:

For the Company:

Bruce Richardson

Tel: +86-411-8766-1233



Matt Hayden

Tel: +1-561-245-5155


Source: Dalian RINO Environmental Engineering Science and Technology Co., Ltd.
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