Jupiter Enterprises, Inc. Enters to Purchase Assets of Chinese Construction Company and Retains BDO International to Perform Audit.

Business Editors

BEIJING, China--(BUSINESS WIRE)--April 10, 2002

Jupiter Enterprises, Inc. (OTCBB: JPEN), today announces that the Company will acquire the entire construction business of The MingHe Group ("MingHe Group"), a Chinese corporation which operates a construction business in Mainland China.

The Company has retained the firm of BDO International to perform the audit of MingHe Group and the acquisition of the construction business will close following the completion of the audit by BDO.

The Company will acquire the entire construction business of MingHe-Group, as presently constituted, in exchange for 30,000,000 shares of common stock of the Company, to be issued to Yin Mingshan, the sole shareholder of MingHe and an officer and director of the Company.

This acquisition will give the Company a significantly larger interest in the Chinese construction business. In addition to numerous other construction interests, MingHe Group owns 50% of MingHe-Han. MingHe-Han has received two contracts totaling US $112 million for 75 log homes for the Olympia Villa's project in the district of Shunyi, Beijing City. Beijing New Era Weiye Real Estate Development Company and Herbei Industrial Company have contracted to purchase 50 and 25 log homes respectively. All parties have received all necessary government approvals and licenses.

MingHe Group is a 70% partner with Beijing Shunyi Dalong Chengxiang Construction Development Corporation ("BSDC"), the real estate construction arm of the district government of Shunyi, Beijing City. MingHe Group will act as general contractor and developer of the project. BSDC will contribute the land and infrastructure, including roads, electric & water. Groundbreaking on Olympia Villas is estimated to begin this spring.

The agreement between the Company and MingHe Group follows the termination of the Company's February 2002 agreement to purchase assets of MingHe-Han S&T Co., Ltd. ("MingHe-Han"). All shares of the Company's common stock that were issued pursuant to the agreement with MingHe-Han (an aggregate of 30 million post-split shares) have been cancelled and returned to treasury of the Company. The November 2001 resignations of the former officers and directors of the Company, and the appointment of the current officers and directors of the Company, shall not be affected by the new agreement.

This press release contains "forward-looking statements" within the meaning of Section 27A of the 1933 Securities Act and Section 21E of the 1934 Securities Exchange Act. Actual results could differ materially, as the result of such factors as: (1) competition in the markets for the Company's products and services; (2) the ability of the Company to execute its plans; (3) construction delays and (4) other factors detailed in the Company's public filings with the SEC. By making these forward-looking statements, the Company can give no assurances that transactions described in this press release will be successfully completed, and undertakes no obligation to update these statements for revisions or changes after the date of this press release.