Sorell Signs $10.9 Million Contract for GPS Product With One of China's Largest Consumer Electronics Companies.

SEOUL, South Korea -- Sorell Inc., (OTCBB:SLLI), a world leader in the mobile multi media device market, announced today that it has signed a $10.9 million contract with Changhong, one of China's largest consumer electronics companies. The contract calls for the delivery of 50,000 NF-1 GPS units to be delivered from April to December 2006 and sold under the Changhong brand.

Mr. Bon Kwan Koo, CEO of Sorell stated: "We are seeing excellent worldwide response to our NF1 product, as evidenced by this order and our recently announced $18 million contract with Anubis Electronic in Germany." The NF-1 is a remarkable product in the "next generation" mobile multi media device market. This digital convergence product is equipped with 1 Gigabyte flash memory and 2.2 inch screen. It is one of the world's first models that can play movie files, MP3 music files and allow the user to navigate using a fully functional GPS. The NF1 is highly portable and rugged, making it very functional for use in cars, boats or for any other outdoor activity. The NF1 has a state-of-the-art 260,000 color TFT display that plays movie files and gives the GPS screen a resolution unparalleled in the market.

Changhong was founded in 1958 and today is a global network with more than 30,000 employees worldwide. Changhong is recognized as one of the strongest consumer electronics manufacturers in China, with a number one market share for the past 15 years. Changhong, with more than 90 million customers worldwide, 200 sales centers, 20,000 domestic sales and service points, is committed to technology innovation and industry upgrading. More information on Changhong and its products is available at the company's website: http://en.changhong.com.

Sorell is in the business of manufacturing, research and development and sales of consumer electronics. Sorell's product line includes MP3 players, MP3 CD Players, Portable Media Players (PMP), mobile cameras and other devices (http://sorell.co.kr/eng/products/main.php). Sorell was established in October 1998 as a divestiture from Samsung Electronics and has grown substantially since its inception.

Certain information and statements included in this release constitute "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements. A full discussion of these risks factors can be found in the company's 10K and 10Q filings with the SEC.