Progress Watch Corporation (PROW): European Investor Secures the Production of the Revolutionary See-Through Triple Axes Rotary Tourbillon (START) Watch Movement

Progress Watch Corp (Pink Sheets:PROW) filed a year ago the patent
application for another revolutionary watch movement - the "Triple
Axes Tourbillon Movement". Now Progress Watch announces that a
European investor has financed the final development and production of
this unique timepiece.

The Tourbillon will be a landmark in the range of complicating
mechanical masterpieces. It's built as very flat mechanical movement.
In the centre is the heart of the timepiece, a freely rotating triple
axis Tourbillon. Once per minute a complete rotation indicating the
seconds. Once in an hour a vertical rotation, indicating directly the
60 minutes and every 12 hours a horizontal rotation showing directly
the time.

Progress Watch Corp. started now the final construction and the
realization of the first series. As such masterpieces are rare,
different watch brands have already indicated their interest. The
timepiece shall be priced also at an interesting level for the final
consumer. Progress Watch Corp. is aiming at a very high
individualization level for the movement, allowing the brands to
present this product as very classical watch as well as a modern
design piece.

Progress Watch Corporation (PROW) is a company dedicated to
independently provide high end, innovative, reliable, stable, flexible
and unique mechanical watch movements to the watch industry.

This release contains certain forward-looking statements which
involve known and unknown risks, uncertainties and other factors not
under the Company's control which may cause actual results,
performance, achievements of the Company to be materially different
from the results, performance of expectations implied by these
forward-looking statements. These factors include, but are not limited
to, the limited liquidity and the limited operating history of the
Company.