Jupiter Enterprises Secures USD$72.5 Million to Purchase Car Company

LONDON--June 13, 2005--Jupiter Enterprises, Inc. (OTCBB:JPTR), an acquirer and developer of industrial and manufacturing projects, today announced that it has secured USD$72.5 million through Ningbo Shenjiang Industry, to purchase a European car company. Ningbo Shenjiang Industry has obtained a Certificate from the China Construction Bank Co. stating that it has "AAA class" credit. The Certificate also states that Ningbo Shenjiang Industry has 600 million RMB (approximately USD$72.5 million) available for acquisitions.

Ningbo Shenjiang Industry is part of the Chinese government-owned motor vehicle industry and is pursuing the purchase and development of European auto assets and technology. Jupiter Enterprises has recently been appointed the exclusive representative to negotiate for the China National Automotive Industry Consultant and Developing Corporation in Europe for mergers and acquisitions.

Jupiter Enterprises, Inc.:

Jupiter Enterprises is in the business of acquiring and developing industrial and manufacturing projects globally. The Company opportunistically seeks undervalued industrial enterprises where it can contribute valuable management expertise and/or capital to extract locked-in value and increase shareholder equity for the acquired company as well as for Jupiter Enterprises.