Ossen Innovation (OSN) Authorizes 500K Common Buyback

Ossen Innovation Co., Ltd. (Nasdaq: OSN), has approved a share repurchase program effective immediately for up to a total of 500,000 shares of the Company's American Depositary Receipts ("ADSs") through May 2012. Shares may be repurchased in the open market at prevailing market prices and/or in negotiated transactions off the market from time to time as market conditions warrant in accordance with applicable requirements of Rule 10b5-1 and/or Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended.

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