Pali Further Deepens Its Bench in Research

Pali Further Deepens Its Bench in Research

July 03, 2007

Addition of Two Senior Research Analysts in New York
Further Positions Pali Institutional Securities Business

    NEW YORK and LONDON, July 3 /Xinhua-PRNewswire/ -- Pali
Capital, Inc., the US broker-dealer subsidiary of Pali
Holdings, Inc. today announced the further expansion of its
research team in the United States through the hiring of two
senior analysts, covering the homebuilding and building
products sector and Chinese gaming, internet and media
equities, respectively.  This expansion to coverage of
homebuilding provides Pali with the capacity for insight
into a critical indicator for the overall economy in the
US.  

    Expertise in China complements existing resources in
Pali's London office.  Coverage of these sectors in China
is part of the broader effort by Pali to deepen its Asia
and Pacific Rim business, which includes our anticipated
approval by the Singapore Monetary Authority for Pali
operations in Singapore for Q4 2007.

    The two new analysts in the US include Stephen East and
Tian X. Hou.  Stephen East ([e-mail]) joins
Pali as a Managing Director, Consumer Durables, covering
the Homebuilding and Building Products equities.  Mr. East
has followed these sectors for fourteen years, most
recently at Susquehana Financial Group and previously at
Fiduciary Asset Management and A.G. Edwards.  His industry
experience includes more than six years at Monsanto, a
diversified specialty chemicals company.

    Tian X. Hou ([e-mail]) has also joined Pali
as a Managing Director, China Technology covering equities. 
Ms. Hou has been following these sectors for three years at
C.E. Unterberg, Towbin and previously worked as a
strategist at Sanford C. Bernstein.  Her industry
experience includes owning and operating a business in
China, advisory work for the Chinese central government,
consulting for US companies entering China and as a
Business Strategy Consultant at IBM.  

    Brad C. Reifler, Chairman and Chief Executive Officer
of Pali, commented: "Over the past 12 years we have
carefully invested into areas that we believe are value-add
to our institutional customer base, whether in terms of
structured products, fixed income and, of course, research.
 These most recent additions to the research team
demonstrate continued execution of our business plan. 
Stephen and Tian bring both industry and Wall Street
experience to the table, providing credibility and serious
insight for our customers."

    Mr. Reifler further stated:  "Research is an
important aspect to any institutional equities business. 
Without strength in this area, a firm is limited in terms
of its overall contributions to the institutional client. 
We have invested strategically in this area for
years."

    About Pali 

    Pali, a global institutional securities firm and
investment bank, has served an institutional money manager
customer base from New York and London over the past 12
years.  Pali has 5 US-based analysts and 12 based in London
performing fundamental research on Europe and Asia equities
and an event-driven research team.  

    Headquartered in New York, with offices in Boston,
Minneapolis and London, Pali provides clients with
institutional brokerage, securities research, capital
markets services and corporate finance advisory services. 

           
    For more information, please contact:

    Hilary Bergman,
    Chief Administrative Officer,
    Pali Capital, Inc.
    T: [phone]
    E: [e-mail]

    Derrelle Janey,
    Executive Vice President
    Pali Capital, Inc.
    T: [phone]
    E: [e-mail]
    
    Patrick Egan,
    Chief Operating Officer,
    Pali International, Inc.
    T: 44 20 7190 0805
    E: Patrick. [e-mail]
    
    Special Note On Forward-Looking Statements

    This release contains "forward-looking"
statements.  Forward-looking statements include statements
about our future and statements that are not historical
facts.  The forward-looking statements in this release
pertain to the future development and expansion of our
business.  Forward-looking statements represent only our
belief regarding future events, many of which by their
nature are inherently uncertain.  The use of these
forward-looking statements does not infer that the results
will be achieved.  It is possible that the actual results
may differ materially from the anticipated results
indicated in these forward-looking statements.  

    The information contained herein, including any
expression of opinion, has been prepared for informational
purposes only and is not an offer to buy or sell any
security or instrument.