Xact Aid, Inc. Reports September 2006 Earnings

HONG KONG--The Board of Directors of Xact Aid, Inc. (OTCBB:XAID, sic China Premium Lifestyle Enterprise, Inc.) announced third quarter results for the company.

Consolidated sales for the three months ended 30 September 2006 were $14.7 million, compared with $9.1 million for the comparable period in the previous year, an increase of $5.6 million or 62%. Sales for the nine months ended 30 September were $39.6 million, compared with $28.6 million for the prior year period, an increase of $11 million or 38%.

Net earnings, before minority interests, for the September quarter were $344,576, compared with $155,568 for the comparable period in 2005, an increase of 121%. Net earnings, before minority interests for the nine months ended 30 September were $858,657, compared with $233,630 for the prior year period, an increase of 268%, while net earnings, net of minority interests were $420,742, compared with $114,479 for the comparable prior year period.

In announcing these results, Mr Richard Lee, Chairman of Xact Aid commented as follows: “I am very pleased to be able to report such excellent performance for our ‘inaugural’ release of our operating results as a US listed company. Strong performance from our core markets in Hong Kong and Macau will henceforth be increasingly supplemented by revenues from our developing China distribution network which commenced in October with the opening of our first mainland dealership in the burgeoning coastal city of Dalian.” Mr Lee continued: “The nascent boom in growth in high end consumer spending in China, particularly in the automotive sector, has been well documented in the US and international press. While the already strong image of Ferrari in China was enhanced by the Formula 1 victory at the Shanghai Grand Prix in October, we believe that the excellent positioning of the Maserati Quattroporte with the new automatic gear box as an attractive alternative to the Mercedes Benz S Class and BMW 7 Series, will provide a tremendous boost to Maserati sales in China in 2007.”

Mr Lee concluded: “Our strategy in using the base of our super luxury car business in developing a premium brand platform for China has been timed to coincide with the explosion of Chinese consumer spending, particularly in the luxury brand sector. The emergence of a Chinese consumer class is the first ever for this modernizing republic and our group is perfectly positioned to capitalize on this transition and reward our shareholders in the process.”

Forward-Looking Statements:

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, beliefs, plans, expectations, or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.