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Message #18
From: NewsBot
Date: November 10, 2006 10:50:00 AM

SHMT News Shumate Industries Announces Third Quarter 2006 Financial Results Conference Call

CONROE, Texas--(BUSINESS WIRE)--Shumate Industries, Inc. (OTCBB:SHMT), a Texas-based energy field services company, today announced that Larry Shumate, Chairman and CEO, and Matthew Flemming, CFO, will host a conference call to discuss the Company's financial results for the third quarter 2006, which ended September 30, 2006.

The conference call will take place at 4:15 p.m. Eastern, on Thursday, November 16, 2006. Anyone interested in participating should call (877) 704-5385 if calling within the United States or (913) 312-1303 if calling internationally and enter pass code 2744187, approximately 5 to 10 minutes prior to 4:15 p.m. call. There will be a playback available until November 23, 2006. To listen to the playback, please call (888) 203-1112 if calling within the United States or (719) 457-0820 if calling internationally. Please use pass code 2744187 for the replay.

The call is also being webcast and may be accessed at Shumate’s website at www.shumateinc.com. The webcast replay will be available through March 15, 2007.

About Shumate Industries, Inc.

Shumate Industries, Inc. is a Texas-based, energy field services company that incorporates new technologies to bring products to market leveraging its existing infrastructure, expertise and customer channels. The Company operates through two wholly owned subsidiaries, 1.) Shumate Machine Works, a contract machining and manufacturing division which makes energy exploration and production products for its customers, and 2.) Hemiwedge Valve Corporation, a manufacturer and marketer of the proprietary new Hemiwedge® valve technology. The Hemiwedge® surface-level valve targets energy flow control applications, while the Hemiwedge® sub sea high pressure valve is in discussions for licensing. The Hemiwedge® down hole isolation valve is under a development agreement announced in July 2006. For additional information on the Company and its products please visit www.shumateinc.com.

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