WUXI, China, Dec. 30 /Xinhua-PRNewswire-FirstCall/ -- Malex, Inc. (OTC
 Bulletin Board: MLEX.OB) today announced that it has changed its name to
 China Wind Systems, Inc. ("China Wind Systems" or the "Company") effective
 December 18, 2007. China Wind Systems, through its wholly owned
 subsidiaries, Huayang Dye Machine and Huayang Electrical Power Equipment,
 manufactures and sells industrial machines for use in the textile and
 energy related industries in the People's Republic of China. In the second
 half of 2007, the Company began to change its business strategy to focus on
 the growing wind energy industry in China. China Wind System's stock
 currently trades on the Over the Counter Bulletin Board under the ticker
 symbol "MLEX.OB," but the Company anticipates a new ticker symbol in the
 near future in connection with the name change, once the Company's
 notification to Nasdaq of the name change has been processed.
 
     "Our name change to China Wind Systems reflects the Company's decision
 to focus on the high growth, high margin wind energy industry in China.
 Based on the current domestic energy requirements and strong government
 support of companies involved in the alternative energy space, the wind
 energy industry in China has grown tremendously in the last few years. We
 are confident in our ability to gain market share in the wind energy
 industry, given our prior experience manufacturing high precision
 fabrication and machining equipment in our electrical power equipment
 business," said Mr. Jianhua Wu, Chairman and CEO of China Wind Systems.
 
     In the first half of 2007, the Company began supplying rolled rings to
 companies in the railway, heavy vehicle manufacturing and wind power
 industries. Upon the completion of a new manufacturing facility, and the
 purchase of equipment with the proceeds of the Barron financing (the
 Company may also use other funds to purchase equipment), the Company plans
 to have the manufacturing capabilities to produce forged rolled rings of up
 to 5 meters in diameter for use in the wind energy industry by October
 2008. China Wind Systems intends to employ advanced manufacturing processes
 to deliver precision forged rolled rings of superior strength for various
 high performance applications. Eventually, China Wind Systems' goal is to
 be able to manufacture high precision forged rolled rings of up to eight
 meters in diameter. The larger forged rolled rings can be used in various
 wind power components such as flange, yaw or slewing bearings and are found
 in many large scale wind turbine units that are presently being installed
 throughout China. The Company also plans to produce other critical wind
 energy components, such as yaw bearings, shafts and rotor blades. The
 Company expects revenues from the wind energy unit to represent
 approximately 8% of total revenues in 2007, and to continue to grow in the
 future.
 
     About China Wind Systems, Inc.
 
     China Wind Systems, through its affiliates, Huayang Dye Machine and
 Huayang Electrical Power Equipment, manufactures and sells industrial
 equipment for use in the textile and energy related industries in China.
 Since August 2007, the Company has shifted its strategy to focus on the
 growing wind energy industry in China, and has begun to supply high
 precision rolled rings to companies in the wind power energy industry.
 
     Safe Harbor Statement
 
     This release contains certain "forward-looking statements" relating to
 the business of the Company and its subsidiary companies. These forward
 looking statements are often identified by the use of forward-looking
 terminology such as "believes, expects" 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 the Securities and Exchange Commission and available on its website
 (www.sec.gov). All forward-looking statements attributable the Company or
 to 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.
 
 

     Contact:
     China Wind Systems, Inc.                  CCG Elite Investor Relations
     Mr. Jianhua Wu, Chief Executive Officer,  Crocker Coulson, President
     Phone: +86-10-8260-0042                   Phone: +1-646-213-1915
                                               Email: crocker.coulson@ccgir.com
 
 

SOURCE China Wind Systems, Inc.