Auerbach Grayson Expands Market Coverage of Greater China

Auerbach Grayson Expands Market Coverage of Greater China

June 26, 2007

    NEW YORK, June 26 /Xinhua-PRNewswire/ -- Auerbach
Grayson & Company, Inc., a New York-based brokerage
firm that specializes in international trading for U.S.
institutional investors, announced today that it has
expanded its coverage of Asian public companies through an
existing relationship with Taiwan-based broker KGI Group. 

    Through its exclusive partnership with KGI Group,
Auerbach Grayson will offer its U.S. institutional clients
increased coverage of companies in Hong Kong, Taiwan and
Mainland China.  The partnership also allows KGI to build
its international business by servicing Auerbach Grayson's
clients, more than 400 of the largest U.S. institutional
investors. Auerbach Grayson provides U.S. institutions
access to 16 Asian markets through exclusive partnerships
with local brokers similar to the one that it has with KGI.
Those markets include Japan, Korea, Bangladesh, Malaysia,
Singapore, Philippines, Vietnam and Mongolia.

    Founded in Taiwan in 1988, KGI Group has been widely
recognized as the leading full-service broker in the
Asia-Pacific region, providing corporate finance and
securities investment services for the Asia Pacific region
to more than 600,000 clients with US$3 billion in assets
under management. KGI has offices in Taiwan, Hong Kong,
Thailand, Shanghai and Shenzhen. KGI Group has more than
2,000 employees, including investment bankers, analysts and
traders. In 2006, Asiamoney magazine selected KGI Group as
the best local broker with best overall sales, best sales
trading and best execution. The firm has also received
similar awards from other leading industry publications,
including Euromoney, Global Finance and FinanceAsia.

    "Our relationship with Auerbach Grayson will
enable KGI Group to continue growing its global business by
building relationships with some of the largest financial
institutions in the world and offering them greater color
and better execution in the markets we know best,"
said Kevin Pi, Head of Greater China Sales & Sales
Trading at KGI Group.

    "With U.S. institutional investing in Asia's
capital markets at an all-time high, Auerbach Grayson is
very pleased to build upon our relationship with KGI that
offers our clients access to one of the top-ranked brokers
in this fast-growing region," said David Grayson,
Managing Director and co-founder of Auerbach Grayson.
"KGI's in-depth knowledge of how their markets work
will be a tremendous asset to our clients."

    About Auerbach Grayson

    Founded in 1993 in New York City, Auerbach Grayson (
http://www.agco.com ) offers a full range of global
in-depth research, trade execution and settlement services
in equities, derivatives and fixed-income instruments to
U.S. institutional clients through its network of local
broking partners in 103 countries. The firm also provides
and implements hedging and arbitrage strategies. Auerbach
Grayson is a member of the National Association of
Securities Dealers (NASD) and the Securities investor
Protection Corporation (SIPC).


    For more information, please contact: 

    David S. Grayson 
    Auerbach Grayson & Co.
    Tel:   [phone]
    Email: [e-mail]
    
    Marc Weinstein 
    Spring, O'Brien & Co.
    Tel:   [phone] x216
    Email: [e-mail]