CSMG Technologies Announces Gas Well Production Enhancement Project.

CORPUS CHRISTI, Texas -- CSMG Technologies, Inc. (OTCBB: CTUM), focused on commercializing human live tissue bonding devices, and renewable energy and energy enhancement technologies, has agreed to work with Gas Production, a subsidiary of Naftogas of Ukraine.

The project is for enhancing production of up to 1,000 of Gas Production's low producing gas wells. The companies will begin working together shortly to complete business details and well selection for installing equipment on 10 test well sites.

Donald S. Robbins, president and CEO of CSMG, said, "We will initially use U.S. technology developed by Jordan Technologies, Inc., but plan to move manufacturing to Ukraine under a license agreement. This is a major project targeting gas wells currently producing between 100 - 400 million btu (British Thermal Units) per day. The strategic, primary advantage of the technology is that it is anticipated to increase production up to 100% of the wells current production."

About CSMG Technologies, Inc.

CSMG Technologies is a technology management company that finances, owns, develops, licenses and markets innovative advanced technologies and business opportunities created in the Ukraine through a network of scientific institutes and private organizations. CSMG has three subsidiaries, Live Tissue Connect, Inc., CSMG Gastech, LLC and Anaerobic Farm Waste, Inc. For further information on CSMG Technologies and it's various subsidiaries, please visit our website at www.ctum.com.

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