Exciting place for deal flow: Americans open office in booming remote China

(EMAILWIRE.COM, September 05, 2007 ) New York – Operating from recently opened offices in the elegant Hotel Kingworld, First Line Capital is the first international investment banking firm to have a presence in Chongqing. In a region where no companies have ever gone public before, First Line is working closely with businessmen in Chongqing China to qualify worthy local companies. Strategizing with locals to bring capital to the Chongqing marketplace, First Line has already taken public two city-based firms, Pay88, Inc. (OTCBB:PAYI) and Franklin Tower Enterprises, Inc. (OTCBB:FRTW) with three more in the pipeline.“Considered a remote region of China up to now, ChongQing is booming and is expected to become an inland Shanghai. My American investment banking team found the businesses brimming with profitability. Many of the waterways, railways and roadways all meet there, with the economy growing another 14% in the first two quarters. It has become an exciting place for deal flow since we are the dealmakers with the capital and the stateside contacts,” 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. Currently, First Line Capital has satellite offices in Chongqing, China's largest city. First Line has already listed two Chongqing companies and is experiencing a continued growing demand for investment banking services from that region. www.firstlinecapital.comMedia Contact: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

mediareply@egaplus.com