China Linen Textile Industry, Ltd. Announces New Independent Director

HARBIN, China, Sept. 7 /PRNewswire-Asia-FirstCall/ -- China Linen Textile Industry, Ltd. (OTC Bulletin Board: CTXIF) ("China Linen" or the "Company"), a China-based company engaged in the production and sale of linen yarn and various types of linen fabric, today announced that Mr. Stephen Monticelli has joined China Linen's Board of Directors, effective August 30, 2010.

The Company currently has one independent director and a total of four board members.

"We are pleased to welcome Mr. Monticelli to China Linen's Board of Directors," stated Mr. Gao Ren, chairman and CEO of China Linen. "Mr. Monticelli's extensive expertise in the capital markets and experience in international business will assist the Company from both an operating and financial perspective. The management team looks forward to benefiting from his perspective and we believe he will make a significant contribution to our boards' collective ability to help us capitalize on the growth opportunities which exist in our market place."

Stephen Monticelli founded Mosaic in 1996 and launched its first two funds in 1998. Mosaic has shifted its emphasis to investing in China-based US listed companies.  Mr. Monticelli has an investment career spanning 23 years and encompassing both private equity (buyouts and venture capital) and public equity.   He previously served as principal at The Fremont Group (the primary investment vehicle for the Bechtel family) and also a Managing Director with Baccharis Capital, a venture-capital firm funded by another "Forbes 400" family.   Prior to his investment career, Mr. Monticelli was a management consultant with Marakon Associates and a CPA with Deloitte and Touche.  He has served on the board of directors of ten private and public companies and holds an MBA from the University of California at Berkeley.

About China Linen Textile Industry, Ltd.

China Linen Textile Industry, Ltd. (http://www.chinalinen.cc/) is principally engaged in the production and sale of linen yarn and various types of linen fabric. The Company is also involved in consultation and R&D related to linen technology and linen products. The Company carries on all of its business activities through its subsidiary, Heilongjiang Lanxi Sunrise Linen Textile Industry Co., Ltd. ("Lanxi Sunrise"), established in June 2002 and located in Lanxi County, the "Homeland of Flax in China," near Harbin City in China. Lanxi Sunrise has one yarn-spinning factory and two fabric weaving factories in its 28,000 square meters of building area with a staff of 1,500 and 310 sets of world- class, advanced producing machinery. Annual production capacity totals approximately 1,600 tons with 50 different types of yarn and 8 million meters of fabric with 110 types. Approximately 55 percent of its products are exported to more than 10 countries.

Forward-looking statements:

The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.

SOURCE China Linen Textile Industry, Ltd.