Ewing Management Group Invests $100M in China

Ewing Management Group Invests $100M in China

June 15, 2007

    DALLAS, June 15 /Xinhua-PRNewswire/ -- 

    Ewing Management Group (EMG) announced today it
completed $100M of investments in two Chinese companies in
the first half of 2007.  One company, based in Hangzhou,
China, is a leading horticulture company in China, applying
advanced technologies to the development of a wide range of
high-quality plants and flowers.  The second company, based
in Changzhou, China, is a leading manufacturer of styrene
monomer, a chemical used in a broad range of polymer
derivatives, ranging from low cost commodity polymers to
engineering plastics and synthetic rubber.

    The horticulture company holds a large and growing
position in the dynamic horticulture market in China, which
consists of woody plants and flowers used in commercial and
residential landscaping applications.  This company is the
largest producer of several varieties of woody plants and
flowers in China, and it has been growing at a 46% compound
annual growth rate over the past four years.  The company
utilizes an innovative system of plant breeding and fast
propagation technologies, including hybrid, mutation,
inducing and cloning methods.  It operates several advanced
R&D centers and production centers throughout China.

    The chemical company, currently producing 200,000
metric tons of styrene monomer, is the first producer in
China funded by private capital and is strategically
located in Jiangsu Province, a region where approximately
60% of all domestic consumption of styrene monomer occurs
due to the booming industrial manufacturing base.  The
styrene monomer market in China is growing rapidly and is
being satisfied primarily through imports.  The company
enjoys a competitive cost advantage over importing
countries primarily by virtue of lower product logistics
costs and the far lower cost of process equipment in China
relative to elsewhere in the world. This has the effect of
improving the economic attractiveness on all new-build
projects.  There are a number of possible expansion
projects being studied that can add value to the site
within a reasonably short time frame.

    Douglas G. Nyhoff, President & CEO of EMG, said: 
"We are very excited about our first two investments
in China.  Both companies possess tremendous strengths and
significant growth potential.  This is an exciting
opportunity to combine these companies' strengths with
EMG's long track record of financial and operational
success, and for us to provide the capital to ignite
growth.  We will assist the Chinese management teams in
financing and executing a strategy of rapid, sustainable
growth."

    Nyhoff added:  "The primary focus for EMG going
forward is Asia given the dynamic growth Asian economies
are experiencing.  We opened an office in Shanghai recently
and are excited to be investing $100M in these two very
attractive opportunities.  EMG brings financial resources,
but more importantly, it brings the management and
operational expertise needed to assist the companies as
they face the challenges of continued rapid growth.  The
investment by EMG, and its management know-how, will
support Chinese management teams as they create jobs for
China and secure a leading position in their segments of
the dynamic Chinese economy.  We look forward to a long and
fruitful partnership with the management teams of all our
investments.  To support further investments in the region,
we will be raising a dedicated Asia fund later this
year."

    About Ewing Management Group

    Based in Dallas, Texas, with an office in Shanghai,
China, Ewing Management Group is focused on acquiring and
managing companies in manufacturing or asset-intensive
industries.


    For more information, please contact:

    Bo Liu
    Ewing Management Group
    Tel: [phone]
    Web: http://www.emglp.com