New York Global Group Managing Director Benjamin Wey Named Deputy Director of China Mergers & Acquisitions Association

BEIJING--()--June 15, 2006--Mr. Benjamin Wey, Managing Director of New York Global Group ("NYGG") was named Deputy Director of China Mergers & Acquisitions Association, an affiliated association of China Federation of Industry and Commerce. Formed in 2004, The China Mergers & Acquisitions Association (CMAA) is a leading authority on China's M&A activities and policy guidance. The Association was established in response to the demand of China's developing M&A sector and to promote globalization of Chinese enterprises.

The Association recognizes outstanding achievement that New York Global Group and Managing Director Benjamin Wey have contributed to the growth of private sector companies in China.

The China Mergers & Acquisitions Association is comprised of leading Chinese professional service institutions, including M&A advisory. These companies provide a broad range of services such as enterprise restructuring, private placement, IPO, M&A transactions and industrial consolidation from both mainland China and Hong Kong. Member companies cover almost all specialties including strategic consulting, operational consulting, assets appraisal, financing and legal services.

Benjamin Wey commented, "It is a great honor to be named Deputy Director of China Merger & Acquisitions Association, an organization that works with member companies to make significant contributions to the standardization and development of China's rapidly growing M&A market. New York Global Group China looks forward to being a part of this great organization that will help shape China's business economic development for years to come."

Mr. Benjamin Wey is the Managing Director of Asia business development for New York Global Group. Mr. Wey is known for his extensive knowledge and experience as a China expert. He is regularly invited as a guest speaker at various China and international capital markets related conferences. As early as in 1994, he advised Eaton Corporation, a Fortune 500 company (NYSE: ETN), with the client's first successful joint venture with a Chinese state owned company which has become the No. 1 market leader in China's hydraulic motor industry. Mr. Wey is one of the founding executives of two investment banking firms and has acted as an advisor to over 90 public and private institutions worldwide including the Bank of China and the People's Bank of China addressing their market entry and capital markets related needs. A Chinese American, he fluently speaks and writes Mandarin Chinese. Mr. Wey has an undergraduate degree in Management and an MBA in Finance. He is also a visiting Professor in the areas of global finance at two Chinese Universities. In June 2006, he was named Deputy Director of China Mergers & Acquisitions Association.

About New York Global Group

New York Global Group ("NYGG") is a New York based holding company that through its subsidiary firms in New York and in Beijing has almost a decade of experience in Asia, particularly in China. NYGG has four areas of expertise: Global Investment Banking, Research, Due Diligence and Strategic Consulting. NYGG has one of the largest China due diligence staff among all US firms doing business in China. A strategic partner of China's central bank, NYGG is a leader and an expert on China related matters. Visit New York Global Group: www.nyggroup.com

Contacts

New York Global Group
Beth Bruen, 212-566-0499

Contacts

New York Global Group
Beth Bruen, 212-566-0499