— Annual Industry Event Puts Focus on Current Chinese Deal Market —

IRVINE, Calif. and LAS VEGAS, Nov. 17, 2010 /PRNewswire/ — Hunter Wise Financial Group, LLC Managing Director Dan McClory joined other industry experts on the China Update panel at the recent PIPEs Conference 2010 in Las Vegas. “PIPEs have changed China,” said Mr. McClory, “but China has also changed PIPEs for the better,” he concluded.

Sponsored by Dealflow Media, the PIPEs Conference brought together practitioners in the Private Investment in Public Equity (PIPE) market, which according to PrivateRaise has accounted for more than $13.3 billion in funding through October 2010involving more than 1,110 transactions for publicly-traded companies, up 14.7 percent from 2009.

Mr. McClory addressed the conference on protective covenants that Chinese financings have pioneered and have now become standard provisions for PIPEs. “Earnings Make-Goods, Uplistings to Senior Exchanges, English-speaking CFOs and set-asides for Investor Relations were first brought to the PIPEs market in Chinese financings,” he stated.

Commenting on the sustainability of PIPE financings compared to registered direct and underwritten offerings, McClory pointed out that “PIPEs are never obsolete. They go through seasons and weather fronts but remain the vehicle of choice for Chinese companies listing on U.S. public markets.”

When asked why Chinese companies continue to migrate to U.S. capital markets despite downward pressure on valuations and a seeming abundance of capital in the PRC, McClory stated: “Even though the U.S. is the world’s biggest debtor nation andChina its largest creditor, the foreign direct investment that results from PIPE financings for PRC companies is a significant benefit at China’s provincial and local government levels. Enhanced financial credibility and diversification of illiquid and privately-held assets are also major pluses to the Chinese entrepreneurs that Hunter Wise finances in our ongoing PIPE fundings.”