YaleFunds Submits Bit to Acquire A Major Stake in The 5-star Rated Shenyang Apollo Plaza

A potential project that will bring healthy Return of Investment (ROI) for our investment and our co-investors, energize the neighborhood, strengthen the central business district (CBD), and produce long-term benefits for the entire City of Shenyang.

BEIJING, CHINA (PRWEB) July 28, 2005 -- YaleFunds Management and Research Co. today announced a bid, on behalf of its private overseas investors, to acquire a major stake in the 5-star rated Shenyang Apollo Plaza in an all-cash transaction valued at approximately 300 million RMB.

The acquisition will provide a unique opportunity for the overseas hotel owner and management company to effectively enter Chinese high-end hotel market.

"We have several hotel chains call us to explore the best ways to enter the surging Chinese hotel market," said Yale Wang ReiSoleil, chief executive officer of YaleFunds. "Our job is to identify and enter into negotiations with potential high quality hotels in major Chinese metropolitans on behalf of our clients. Our primary targets are those existing hotels that are potential turn-around candidates or near-finished hotels that need immediate cash infusions."

About YaleFunds Management and Research Co.

YaleFunds is an investment banking firm recognized for its corporate and financial communications expertise, and counseling capabilities.

YaleFunds provides strategic and financial services to clients through every phase of the economic cycle. It offers services in all the critical areas - from corporate finance, transactions, valuations, dispute consulting and forensics, personal restructuring, and reorganization - with a focus on helping our clients increase value. YaleFunds provides public and private clients in North America, Europe and Asia with services that include financial consulting, capital raising support, M&A negotiations, and joint venture advisory.

For more information, visit www.yalefunds.com.

About Apollo Plaza

Shenyang Apollo Plaza, located in the heart of CBD of Shenyang, a major city in China’s Northeast region, is a 5-star rated new project under construction. It consists of two high-rise towers with multiple uses of hotel, high-end service apartments, business apartments and a 32-story residential tower. The total building construction area is 163,402 square meters, or 1,758,902 square feet.

Forward Looking Statements

This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. Forward-looking statements in this press release include, without limitation, forecasts of market growth, future revenue, benefits of the proposed merger, expectations that the merger will be accretive to YaleFunds' results, future expectations concerning available cash and cash equivalents, YaleFunds’ expectations with respect to future stock repurchases following the merger, including the timing and amount of such repurchases, and other matters that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: difficulties encountered in integrating merged businesses; uncertainties as to the timing of the merger; approval of the transaction by the stockholders of the companies; the satisfaction of closing conditions to the transaction, including the receipt of regulatory approvals; whether certain market segments grow as anticipated; the competitive environment in the software industry and competitive responses to the proposed merger; and whether the companies can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release.

YaleFunds undertakes no obligation and do not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

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