DALIAN, CHINA--(Marketwire - February 17, 2010) - Huayuankou Economic Zone and ARC China held a signing ceremony on February 9th to form the Liaoning Huayuankou Investment Fund (the "Fund"), which will be established through a joint investment totaling RMB 1 billion (approximately US $146 million). This is the first private equity fund in Dalian in partnership with the local government, and the primary focus will be on investment in the industrial economy. Mr. Dai Yulin, Dalian's Vice Mayor, Mr. Dong Chengfa, the Director of the Management Committee of Huayuankou Economic Zone, and Adam Roseman, Founder and Chief Executive Officer of ARC China, attended the signing ceremony. Dalian has a registered population of over 6 million and is one of two biannual locations of Summer Davos.

The establishment of the Fund is not only a significant step in building a regional financial center in Dalian but also makes progress on a specific initiative in the development of Huayuankou's new industrial base and provides a means of supporting the goals of development of both industrial and financial infrastructure.

"New materials, new energy, consumer-oriented sectors, media, healthcare, natural resources, industrial technology, and aerospace will be the focus of this Fund for the 10 year duration," said Mr.Wang Hai, Director of the Economic Development Bureau in Huayuankou Economic Zone. "This Fund can provide capital to forthcoming projects and the development of local enterprises. As the enterprises grow, the Fund will make profits for the investors through a listing on the Growth Enterprise Market or other exchange," he added. Having the support of the local government should increase the impact of the Fund and result in more high-tech enterprises relocating to the Huayuankou Economic Zone.

ARC China will partner with the Westly Group, one of America's leading clean technology venture capital firms, to promote the growth of China's burgeoning green technology market. The Westly Group is led by former California State Controller (Chief Financial Officer) and eBay executive Steve Westly, and 30-year investment banking and venture capital veteran Mike Dorsey.

ARC China is a wholly-owned foreign enterprise focusing on investment in China's domestic consumption-oriented high-growth enterprises in the developing Tier II and III cities. According to the agreement, ARC China will provide services for the development of Huayuankou area including the overseas marketing of local companies, consulting local companies on accessing foreign capital markets, and providing local companies with opportunities for international mergers and acquisitions and technology transfer. ARC China will expand access for companies in the Huayuankou Economic Zone to foreign capital and facilitate an increase in local employment.

Mr. Dai Yulin said that the cooperation with ARC China is very promising and there is much potential for success. He stated that he would like to welcome the establishment of the Fund in Huayuankou on behalf of the municipal government. "Dalian is the financial center of northeast China and 2010 is the year for private equity," he added.

Contact Information: Contact: Viola Liu