Symax Lift Holding Co. Ltd. Awarded CAD$1.9 Million Contract

   Symax Lift Holding Co. Ltd. ("Symax" or the "Company") (TSX VENTURE: SYL), an assembler and manufacturer of elevators and escalators, has entered into a contract with Wuxi Hua Fang Property Development Co Ltd. to manufacture and install 66 elevators, valued at CAD$1.9 million (RMB 12.67 million) for a government funded residential development project.

Delivery and installation will commence in November, 2010 and be completed by March, 2011.

Symax will also provide repair and maintenance services for a three-year period following the completion of the installation.

"We are very honored to have been selected as the supplier of choice by the Wuxi Hua Fang Property Development Co Ltd. and look forward to a great working relationship with them in the months to come," said Xiaoyan (Sabrina) Zhang, Symax's Chief Executive Officer. "This brings government funded projects awarded to Symax to a total of CAD$7.0M since June and illustrates the Company's ability to deliver high quality elevators at a competitive price."

About Symax Lift (Holding) Co. Ltd.

Symax is in the business of the development, manufacturing, and sale of elevators, as well as the provision of after-sales services in China and worldwide. Symax's products and services are classified into two separate offerings: first, a main line of standardized products which include passenger elevators, goods/freight elevators, villa elevators, panorama elevators, hospital elevators, residential and commercial escalators and moving walkways; and, secondly, customized elevator products.

Contacts: Symax Lift (Holding) Co. Ltd. Ian Fodie [phone] [e-mail] Symax Lift (Holding) Co. Ltd. Ming (Barry) Sheng [phone] [e-mail]