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SHMT News Shumate Hires Kenton Chickering III as President of Hemiwedge(R) Valve Division

CONROE, Texas--(BUSINESS WIRE)--Shumate Industries (OTC Bulletin Board: SHMT) announced today the appointment of Kenton Chickering III, former President of Daniel Valve Company, as the President of Hemiwedge® Valve division.

Mr. Chickering has more than 40 years experience in the oil and gas industry. His career path has encompassed many industry leaders such as Humble Oil, which was acquired by Exxon, General Valve Co. and most recently with Daniel Valve Company, a division of Daniel Industries, Inc., which later was acquired by Emerson Electric Co. Mr. Chickering’s industry service includes Chairman of the Valve Manufacturer’s Association (VMA) and Chairman of the Petroleum Division Executive Committee of ASME. He has spent the majority of his career developing products and strategically directing the sales and marketing efforts of valves and related flow control products, thus matching him ideally for the deployment and national expansion of the Hemiwedge® product line. Mr. Chickering’s extensive experience working with an array of valve and flow control type process equipment should add immediate value to the team involved in the future line expansion and accelerated launch of the Hemiwedge® technology.

Ken Chickering commented, “Upon joining Shumate Industries’ Board of Directors in early September, I immediately recognized the potential of the Company and the opportunity of the new Hemiwedge® Valve technology. I have spent most of my career in the valve industry witnessing the evolution of many companies that have transformed themselves into industry leaders. I believe Shumate, coupled with the Hemiwedge® Valve technology, is well positioned to follow a similar transition. The opportunity for Hemiwedge® is great and could have a game changing impact in the market. My relationships and experience may help make Hemiwedge® Valve and Shumate an even greater success.”

Larry Shumate, CEO of Shumate Industries stated, “We hope to leverage Mr. Chickering’s vast experience to accelerate the current market deployment of the Hemiwedge® Valve while he oversees the targeting of other unique high margin opportunities for the Hemiwedge® technology in additional related market segments. Since joining our Board of Directors in September, Ken has been involved in many aspects of our technology and its deployment. The timing could not be better to appoint Ken as President of HVC moving into the next phase of the Company.”

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 (HVC), a manufacturer and marketer of the proprietary new Hemiwedge® valve technology. HVC’s first proprietary product, the Hemiwedge® Cartridge valve is a surface-level valve targeting energy flow control applications, while the Hemiwedge® Sub Sea High Pressure valve is in discussions for licensing. The Hemiwedge® DIV or down hole isolation valve is under a development agreement announced in July 2006.

Shumate Industries employs approximately 65 people at two plants in Conroe, Texas, north of Houston which total 85,000 square feet. For additional information on the Company and its products please visit www.shumateinc.com.

Forward-Looking Statements

This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, customer concentration risk, difficulties in refinancing its debt, difficulties in consolidating the operations of the Company's operating subsidiaries, difficulties in accelerating internal sales growth, volatility of the energy business and its effects on the Company's business, difficulties in new technology acceptance within the energy industry, restrictive covenants in our existing credit facilities, fluctuations in metals prices, general economic conditions in markets in which we do business, extensive environmental and workplace regulation by federal and state agencies and other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission. Shumate Industries disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future events, or otherwise.