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To: Jim Bishop who wrote (107481)	7/9/2002 10:43:29 AM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

JPEN Jupiter Enterprises/MingHe-Han to Acquire Anjiahua Steel Structure Co. Ltd. In Hebei Province Company Receives Top Marks after Annual ISO 9002 Inspection BEIJING, July 9 /PRNewswire-FirstCall/ -- Jupiter Enterprises, Inc. (OTC Bulletin Board: JPEN - News) MingHe-Han S&T Co., Ltd. announced today that it has a signed contract to acquire 100% of Anjiahua Steel Structure Co. Ltd., ("ASSCL") located 42 kilometers outside of Beijing. The acquisition will more than double MingHe's projected annual production capacity. The increased capacity allows MingHe to bid on Beijing International Airport Expansion projects as well as complete current construction projects like the recently announced 44,000 square meter Beijing Southeast Cargo Hub. Anjiahua Steel Structure Co. Ltd. currently employs a staff of 328 workers, including 26 engineers. As part of the acquisition, MingHe will be obtaining an all-inclusive manufacturing facility complete with two production lines, consisting of Linken plasma welding machines, cutting and polishing apparatus, automatic paint spraying units, electric perforators, among other equipment. Michael A.J. Harrop, chairman of Jupiter Enterprises comments, "We have surpassed our manufacturing and steel fabrication capabilities even with our Shunyi steel fabrication facility going online next year. This is due to the overwhelming growth MingHe has experienced due in part to the Company's ability to produce high quality structures on-time and within budget. The acquisition (of Anjiahua Steel Structure Co. Ltd) gives us an immediate infusion needed to continue our expansion." In additional Company news, Jupiter Enterprises is pleased to announce that MingHe has passed stringent inspection criteria by the Beijing 9000 Certification Center during its annual inspection and continues to keep its ISO9002 certification. MingHe was one of the first specialized industries to receive this certification in China. The certification gives MingHe a competitive advantage in the global marketplace. The ISO 9000 Standards are produced by an international consensus with the aim of creating global standards of product and service quality. About Jupiter Enterprises, Inc. Jupiter Enterprises, Inc. is acquiring the construction business, including MingHe-Han, of the MingHe Group, a Chinese corporation which operates a construction business in Mainland China. MingHe-Han, is a MingHe Group joint venture involved in steel fabrication and real estate development. MingHe has been engaged in the design, manufacture and erection of light steel structure building systems since its inception in 1992. MingHe was the first to import American advanced steel products and production equipment, along with technology and design software, to Mainland China, and was the first company to import and build with lightweight steel building fabrication systems in the Chinese construction industry. MingHe has designed, fabricated, and built over 150 nationwide projects totaling over 1,000,000 square meters of commercial, office and warehouse buildings, including the 60,000 square-meter Daewoo plant in Shandong Province and the landmark 90,000 square-meter Fujian Automobile Plant in Fujian Province. It is one of the few construction firms in China that is ISO 9002 certified for the production, installation and servicing of steel grid and arch structures. This press release contains "forward-looking statements" within the meaning of Section 27A of the 1933 Securities Act and Section 21E of the 1934 Securities Exchange Act. Actual results could differ materially, as the result of such factors as: (1) competition in the markets for the Company's products and services; (2) the ability of the Company to execute its plans; and (3) other factors detailed in the Company's public filings with the SEC. By making these forward-looking statements, the Company can give no assurances that transactions described in this press release will be successfully completed, and undertakes no obligation to update these statements for revisions or changes after the date of this press release. SOURCE: Jupiter Enterprises, Inc.