HLS Systems International Announces Signing

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This release contains forward-looking statements within the meaningof the Private Securities Litigation Reform Act of 1995. Allstatements, other than statements of historical fact includedherein are "forward-looking statements," including statementsregarding: the significance of the Zhengzhou - Xi'an rail contractwin to the Company's future earnings; the ability of the Company toachieve its commercial objectives; the business strategy, plans andobjectives of the Company and its subsidiaries; and any otherstatements of non-historical information. These forward-lookingstatements are often identified by the use of forward-lookingterminology such as "believes," "expects" or similar expressions,involve known and unknown risks and uncertainties. Suchforward-looking statements, based upon the current beliefs andexpectations of HLS' management, are subject to risks anduncertainties, which could cause actual results to differ from theforward looking statements. Although the Company believes that theexpectations reflected in these forward-looking statements arereasonable, they do involve assumptions, risks and uncertainties,and these expectations may prove to be incorrect. Investors shouldnot place undue reliance on these forward-looking statements, whichspeak only as of the date of this press release. The Company'sactual results could differ materially from those anticipated inthese forward-looking statements as a result of a variety offactors, including those discussed in the Company's reports thatare filed with the Securities and Exchange Commission and availableon its website . All forward-looking statements attributable to the Company orpersons acting on its behalf are expressly qualified in theirentirety by these factors. Other than as required under thesecurities laws, the Company does not assume a duty to update theseforward-looking statements.