FARMINGDALE, N.Y., Nov. 29 /PRNewswire-FirstCall/ -- Cemtrex Inc. (OTC:CTEX), which is a technology company that provides a comprehensive range of products and services that allow its customers to create and monetize carbon assets and monitor emissions from the stacks in a wide variety of industries such as power, steel, fertilizer, chemicals and refining, released the following business update to shareholders: Dear Fellow Shareholders, In this letter to you, I want to give you a detailed update on the current status of the greenhouse gases emissions market. According to the World Meteorological Organization (WMO) atmospheric concentration of carbon dioxide (CO2) was measured at 379.1 parts per million (ppm), up 0.53% from 377.1 ppm in 2004. Concentrations of nitrous oxide (N2O) reached 319.2 parts per billion (ppb) in 2005, an annual increase of 0.2%. The trend of growing emissions from industry, transport and power generation is set to continue despite international agreements on regulating them, the UN agency warned. There is no sign that N2O and CO2 emissions are starting to level off. The accumulation of such greenhouse gases, generated by burning fossil fuels, traps solar energy, thus causing global temperatures to rise. This is expected to lead to the melting of polar ice caps and glaciers, rising sea levels and more extreme weather events such as storms and floods. Changing patterns of rainfall, for example, can heighten competition for resources, setting in motion potentially destabilizing tensions and migrations around the globe. The 1997 Kyoto Protocol sets limits for emissions of six greenhouse gases for the richer countries of the world which have ratified it. The period for which targets exist runs until 2012. The US and Australia have rejected the compulsory cap. China has ratified the Protocol, but as a developing nation, it is not required to reduce its emissions - despite its booming economy. According to the World Bank sales of greenhouse gas credits will rise to more than $3 billion this year from $2.7 billion in 2005 as developing countries sell more credits to industrialized nations. The companies in developed nations can buy credits from projects that reduce emissions in developing economies, where cleaning up production processes is cheaper. The sale of credits helps richer nations meet targets outlined by the Kyoto accord. Trading in credits and emission allowances will double to $22 billion worldwide in 2006 from $11 billion in 2005, according to the World Bank. I want to thank you for your time and assure you of our commitment to creating a company of substance and value. Regards, Aron Govil CEO & President Cemtrex Inc. URL: http://www.cemtrex.com/ (516) 816-1400 Safe Harbor Statement This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/. DATASOURCE: Cemtrex Inc. CONTACT: Aron Govil, CEO & President, Cemtrex Inc., +1-516-816-1400 Web site: http://www.cemtrex.com/

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