MENLO COLLEGE AND MINFON GROUP LAUNCH GLOBAL EXECUTIVE TRAINING PROGRAM

Menlo College, a prestigious four-year private university based in Atherton, California, and Minfon Group, a global venture development company, announced today that they have agreed to launch an annual executive training program for global entrepreneurs and business executives starting from Summer 2006.

"We look forward to working with Menlo College and to leading a new wave of trends in the global education and business world. As Chinese entrepreneurs and business leaders become more and more enthusiastic about the business opportunities this new global economy presents to them, the "Menlo College Chinese Executive Training Program" was launched with the mission of providing a unique forum where business leaders from both the US and Greater China can exchange insights and challenges in today's ever-changing business environment." said Ken Chang, founder & CEO at Minfon Group, Inc.

The Program is to provide Chinese companies with skills and knowledge of the US business environment through in-depth sessions on the US-specific topics taught by prominent Silicon Valley business leaders and experts, accompanied by in-person visits to the local startups and large corporations. Its kickoff conference will include keynote speaker, Mr. Lee Ting, former Corporate Vice President of Hewlett Packard Co. (HP) and current independent Board Member of the Lenovo Group, a China-based company that recently purchased IBM PC Division.

About Menlo College:

Established in 1927, Menlo College is located on the San Francisco Peninsula in the town of Atherton, a well-appointed residential community near the cities of Menlo Park and Palo Alto. The area ranks among the most attractive and dynamic in the world, with numerous cultural resources and a temperate climate. Menlo College concentrates on providing excellent programs in management, mass communications, and liberal arts. Its curriculums reach truly spans the globe - with exemplary faculty and student exchange programs at Harris Manchester College at Oxford University (England), Peking University in China, and Adolfo Ibanez University (Chile). More information about Menlo College can be found on the web site at www.menlo.edu.