HOUSTON--(BUSINESS WIRE)--Russell Industries, Inc. (Pink Sheets:RIND - News). Larry Peyton, Principal of Peyton and Associates, reports, “the full scale production pilot reactor has been constructed and currently undergoing water conditioning. Initial inoculation is planned for the first week in March for a one-month test run. The bench scale unit is being reconfigured as a culture enhancement/concentrator system. Several algae strains are being evaluated for production optimization. The Proof of Concept Pilot to Scale project continues on budget and schedule.”

About Russell Industries

Russell Industries is a developing alternative and renewable energy company. The Company is the majority owner of 255 unpatented Uranium mining claims in San Juan County in Southern Utah. The Company is also pursuing development of a commercial scale algae production facility through its wholly owned subsidiary, Algae Farm, LLC. The Company’s consolidated website will now be http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.russind.com&esheet=6200594&lan=en_US&anchor=www.russind.com&index=1&md5=94c4818d4bd0e77fa52331ddcada275e, the contents of which are not incorporated by reference herein.

Safe Harbor

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company and all affiliated parties do not assume any duty to publicly update or revise the material contained herein.

HOUSTON--(BUSINESS WIRE)--Russell Industries, Inc. (Pink Sheets: RIND - News) announced today that its Proof of Concept Pilot to Scale biofuels project is continuing on schedule. Dr. William Wilder (Scientific Consultant) reported that the first quarter goals have been met. Milestones include; Set up and operation of a test unit to determine parameters for bench prototype design; Design and construction of bench prototype; and Commission and operation of bench prototype for evaluation of parameters including energy input, energy cycles and preliminary harvesting methodologies. Larry Peyton (Engineering Consultant) stated “we are very happy with our ability to produce algae in a climate controlled environment and feel comfortable that second quarter goals will be met.”

About Russell Industries

Russell Industries is a developing alternative and renewable energy company. The Company is the majority owner of 255 unpatented Uranium mining claims in San Juan County in Southern Utah. The Company is also pursuing development of a commercial scale algae production facility through its wholly owned subsidiary, Algae Farm, LLC. The Company’s consolidated website will now be http://us.lrd.yahoo.com/_ylt=AlGMB8pAjB28vI.BMGuWDNLjba9_;_ylu=X3oDMTE2MjQyOXBrBHBvcwMxBHNlYwNuZXdzYXJ0Ym9keQRzbGsDd3d3cnVzc2luZGNv/SIG=165d9casl/**http%3A//cts.businesswire.com/ct/CT%3Fid=smartlink%26url=http%253A%252F%252Fwww.russind.com%26esheet=6162814%26lan=en_US%26anchor=www.russind.com%26index=1%26md5=3696345c8d5280f3ef4f1f71c379d566, the contents of which are not incorporated by reference herein.

 Press Release Source: Russell Industries, Inc. On Thursday April 1, 2010, 1:08 pm EDT
HOUSTON--(BUSINESS WIRE)--Russell Industries, Inc. (Pink Sheets: RIND - News). William R. Wilder, Ph.D., President of Axis Environmental Services, Inc., reports that the full scale production pilot reactor has been successfully growing algae since early March. Initial low dosage inoculation has resulted in substantial population density, with current tests focusing on nutrient balance optimization and harvesting/extraction methodologies. The bench scale reactor has been inoculated with a high dose culture and is currently being monitored for growth curve parameters as well as nutrient consumption and CO2 dosage requirements. All operational goals are at or ahead of schedule, and samples for extraction efficiency will be collected in early April. Additional samples for verification of chemical and physical characteristics will also be collected in April and submitted to independent laboratories to validate suitability for various fuel applications.

          Russell Industries, Inc.
Rick Berman, 832-631-6074