The Charles Machine Works, Inc. (CMW), widely recognized as an industry leader in the U.S. and manufacture of underground construction equipment, has signed a joint venture agreement with Tu Xing Sun No-Dig Tech (Beijing) Co., Ltd. (TXS) of Beijing, China. TXS is considered to be a leader in the manufacture and distribution of horizontal directional drilling (HDD) systems in China and the surrounding regions.

"This investment is a significant step in our global strategic initiative," says Tiffany Sewell-Howard, CEO of CMW. "This venture allows us to strengthen our position in China and other emerging markets."

TXS has been successfully manufacturing HDD units at its Beijing facility for over 10 years, and their management team brings considerable experience in the market, industry expertise and an excellent reputation in the China and regional markets. This joint venture will leverage the experience of the current TXS management team, their R&D efforts, sales, marketing and manufacturing.

About The Charles Machine Works, Inc.
The Charles Machine Works, Inc. (CMW), through its Ditch Witch® and Subsite® brands, is an industry leader in the manufacture and production of premium underground construction equipment and electronic guidance equipment. Learn more about CMW brands by visiting www.ditchwitch.com and www.subsite.com.

About Tu Xing Sun No-Dig Tech (Beijing) Co., Ltd. (TXS)
Tu Xing Sun Trenchless Tech (Beijing) CO., Ltd. is located in Tongzhou, near Beijing. They are a specialized enterprise whose major businesses are R & D and manufacturing of trenchless equipment. For more information about TXS visit www.bjtxs.cn/ComIntro/en/com_intro1.asp.

Fri May 16 08:48:00 CDT 2008