To: caly who wrote (109 ) 2/20/2009 8:39:13 AM From: Chris Forte Respond to of 178 Element 21 Golf Company (OTCBB: ETGF | Quote | Chart | News | PowerRating) Shares stayed steady at $0.43tradingmarkets.com Element 21 Sports Company's premier products are golf clubs and fishing poles made out of a Scandium and biofiber materials, which are light, durable, and long-lasting. Element 21's golf clubs have been used by renowned golf pros, such as the winner of the FedEx Cup in 2008, who continue to use Element 21's Scandium technology during professional competition. Their patented technology encompasses scandium as the fundamental material used to provide superior golf and fishing equipment. ETGF News Yesterday, Element 21 Golf announced record results for its second quarter (Q2) October 1 - December 31, 2008. The Company generated Q2 revenue of $430,651, an increase of 168% compared to revenue of $255,801 in the same period in fiscal 2007. The combined fiscal 2008 Q1 and Q2 revenues showed a 255% increase as compared to the equivalent period in 2007. At the same time the Loss from Operations for Q2 decreased by 356% from $1,874,813 in 2007 to $526,792 in 2008. For the combined Q1 and Q2 Loss from Operations decreased by 227% from $2,742,486 in 2007 to $1,206,956 in 2008. The Form 10-Q was filed with the SEC on February 13, 2009 and contains the details of the Q2 results. "We are continuing to grow sales at a significant rate, while cutting costs and expenses. We are fully aware of the tough economic climate in which we need to sustain our growth. Our immediate focus is to reach the breakeven point and become cash flow positive. Only solid fundamentals will ensure our success and longevity in the marketplace," said Nataliya Hearn, President and CEO of Element 21.