China Green Material Technologies, Inc. Announces Change of Auditor to Goldman Parks Kurland Mohidin, LLP, an Independent Member of the BDO SEIDMAN ALLIANCE

HARBIN, China, May 14 /PRNewswire-Asia-FirstCall/ -- China Green Material Technologies, Inc. (OTC Bulletin Board: CAGM; "CAGM" or "the Company"), a Chinese leader in developing and manufacturing starch-based biodegradable containers, tableware and packaging materials, today announced that the Company has appointed Goldman Parks Kurland Mohidin, LLP ("GPKM LLP"), an independent member of the BDO SEIDMAN ALLIANCE, as its independent registered public accounting firm, replacing MS Group CPA LLC. GPKM LLP will provide services beginning with the first fiscal quarter of 2010. The Company's decision to change auditors was not due to any disagreement between the Company and its former auditors on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.

The BDO Seidman Alliance is a nationwide association of independently owned local and regional accounting and consulting firms sharing a dedication to exemplary client service.

"In connection with our growth strategy and expansion plans going forward, we determined that it was important to change public auditing firms," commented Mr. Su Zhonghao, CEO of CAGM. "We believe GPKM LLP, which is an independent member of the BDO Seidman Alliance, is the best fit for the Company as it enters a new phase of growth and development."

About China Green Material Technologies, Inc.

Website: http://www.sinogreenmaterial.com

China Green Material Technologies, Inc. (OTCBB: CAGM) is a China-based manufacturer of starch-based biodegradable containers, tableware and packaging products. Headquartered in Harbin city of China, the Company currently has 153 employees. The Company has developed proprietary biodegradable food packaging materials technologies.

Safe Harbor Statement

This press release contains certain statements that may include 'forward- looking statements' as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes, expects, anticipate, optimistic, intend, will" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

    For more information, please contact:

    In China:
     Feng Peng
     HC International, Inc.
     Tel:   +86-138-1227-1616
     Email: [email protected]

    In the U.S.:
     Christine Greany
     HC International, Inc.
     Tel:   +858-523-1732
     Email: [email protected]

SOURCE China Green Material Technologies, Inc.