American firm nurtures deal flow out of new China boomtown, pre-merger positioning

(EMAILWIRE.COM, September 20, 2007 ) New York – ChongQing is reported to be one of the world's largest cities spending $1 billion a month on new ports, airport terminals, skyscrapers and government offices. The local Chinese Government in boomtown ChongQing is eager to privatize companies and bring in foreign investment. The American investment banking team of First Line Capital is well connected with resident deal makers, and the first and only international investment banking firm with a physical presence in ChongQing. Nurturing deal flow in and out of the region, First Line is pre-positioning profitable private companies to become possible merger candidates with prodigious organizations.“When the local Chinese government is behind the privatization of a company then we know that company is going to be a success. We strategize with resident businessmen and those well-connected with Chinese officials, to qualify profitable local firms in ChongQing that are being privatized. We then move these firms to the public markets grooming and pre-positioning them for possible mergers with huge international conglomerates. We have already brought public two ChongQing-based companies, Pay88, Inc. (OTCBB:PAYI) and Franklin Tower Enterprises, Inc. (OTCBB:FRTW) with three more in the pipeline. We consider this to be qualified deal flow, a unique concept in an area of the world where no private companies have ever gone public before,” 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.com.Contact:Jerry Jennings561-881-7318mediareply@egaplus.com

Jerry Jennings

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