Shumate Industries to Present at Friedland Investment Events' Technology Luncheons on West Coast.

CONROE, Texas -- Shumate Industries, Inc. (OTCBB:SHMT), a Texas-based, energy field services company announced today that it will be presenting at Friedland Investment Events' West Coast Technology Luncheons. These investor luncheons will be held in San Francisco, Los Angeles and Orange County on February 7th, 8th and 9th, 2006, respectively.

Shumate Industries' presentation by senior management will include a review of current operations and, most importantly, the company's growth plans for the future.

"Shumate is excited about discussing the upcoming launch of its Hemiwedge(R) Valve technology, a product line targeting energy flow applications," said Matt Flemming, Chief Financial Officer. "The Company also looks forward for the opportunity to update representatives of the financial community regarding Shumate's other wholly owned subsidiary, Shumate Machine Works, a contract machining and manufacturing division."

About Shumate Industries, Inc.

Shumate Industries, Inc. is a Texas-based, energy field services company that incorporates new technologies to bring products to market leveraging its existing infrastructure, expertise and customer channels. The Company operates through two wholly owned subsidiaries, 1.) Shumate Machine Works, a contract machining and manufacturing division and 2.) Hemiwedge(R) Valve Corporation, a new division formed to launch a proprietary new technology in a valve product line targeting energy flow control applications.

The diverse line of products Shumate Machine Works manufactures for its customers includes expandable tubular launchers and liner hangers for oil & gas field service applications, blow-out preventers, top drive assemblies, directional drilling products, natural gas measurement equipment, control & check valves and sub-sea control equipment used in energy field service.

The Company's proprietary Hemiwedge(R) Valve product line includes; quarter-turn metal seated valves with bore sizes ranging from two inch in diameter through eight inch with custom sizes up to twenty-four inches, ANSI and API certifications and multiple pressure classes, substantially reduced torque, reducing actuation costs, and top-entry cartridge loaded replacement internal parts that are self-contained substantially reducing field operations time and maintenance costs.

Today, the Company's customers include Baker Hughes, BJ Services Company, Canrig Drilling Technology, a Nabors Industries company, FMC Technologies, Halliburton Energy Services, National Oil Well (NOW), Oceaneering Intervention Engineering, R&M Energy Systems, Shell Development, Smith International, Texas Oil Tools, a NOW company, Tesco Services and Weatherford International.

Shumate Industries employs approximately 45 people between its 25,000 square foot manufacturing plant and 60,000 square foot valve plant, both located in Conroe, Texas, north of Houston. The Company's executive offices are located at 12060 FM 3083, Conroe, Texas 77301. The Company's telephone number is 936-539-9533 and its Internet address is www.shumateinc.com.

About Friedland Investment Events

Friedland Investment Events LLC is the world's largest sponsor of financial and investment events, sponsoring hundreds of events annually, in 18 US cities and 3 European cities. These events include all-day conferences, breakfasts, luncheons and cocktail receptions.

Friedland Investment Events LLC is an affiliate of Friedland Capital Inc. and Friedland Corporate Investor Services LLC (www.friedlandworldwide.com).

Friedland Capital Inc. is a US based merchant bank and advisory firm with offices in New York, Dallas, Denver, Vancouver, Beijing and Guangzhou. Among its activities, Friedland Capital provides corporate finance advisory services to enable publicly-traded and privately-held emerging growth companies, as well as sponsors of investment programs worldwide to achieve their short-term capital goals, and to realize their long-term business objectives.

Friedland Corporate Investor Services LLC provides financial marketing and investor relations programs to publicly-traded companies, investment programs and funds, and financial services companies.

Forward-Looking Statements

This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, customer concentration risk, difficulties in refinancing short term debt, difficulties in consolidating the operations of the Company's operating subsidiaries, difficulties in accelerating internal sales growth, difficulties identifying and acquiring complementary businesses, restrictive covenants in our existing credit facilities, fluctuations in metals prices, general economic conditions in markets in which we do business, extensive environmental and workplace regulation by federal and state agencies and other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.