Finding trustworthy firms in China; nurturing deal flow as privatization booms

(EMAILWIRE.COM, August 31, 2007 ) New York – Privatization is booming as the Chinese government sells off to locals its closely-held companies in profitable industrial centers. US-based First Line Capital has set up offices in the elegant Hotel Kingworld in ChongQing to strategize with resident businessmen as they qualify trustworthy local firms to take public. Where no private companies have ever gone public before, First Line Capital is the first and only international investment banking firm to have a physical presence in Chongqing. “We are opening doors in ChongQing that have never been opened to Westerners before. Our investment banking team has found businesses in Chongqing that are brimming with profitability. We are nurturing the deal flow and getting introductions to the real moneymakers there. Since many of the waterways, railways and roadways all meet in ChongQing, the economy has grown 14% in the first two quarters. Chongqing is expected to become an inland Shanghai, an exciting place for dealmakers with capital like us,” notes Simon Erblich, Managing Partner of First Line Capital.About First Line CapitalFirst Line Capital, LLC is a boutique international investment banking firm founded in 1991 to focus on deal architecture of debt and equity financings, mergers and acquisition, implementing public strategies, investor relations and various other investment banking activities. First Line Capital participated in the launch of several high-profile companies: Priceline.com and E Trade Financial. In recent years, First Line Capital has specialized in capitalizing foreign companies and has successfully listed more than ten corporations on the NASDAQ/OTCBB. First Line Capital is based in New York City with satellite offices in ChongQing China, Modiin Israel, and Bet Shemesh Israel. www.firstlinecapital.comContact:Jerry Jennings561-881-7318mediareply@egaplus.com### This press release was issued through GroupWeb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.

Jerry Jennings

verbdoc@bellsouth.net