BriTay International Signs Letter of Engagement With DragonVenture Inc., a Silicon Valley Venture Capital Consulting Firm

Beijing, China, April 12, 2002 -HR Consulting and solutions provider, BriTay International Inc. announced today that it has signed a Letter of Engagement with DragonVenture Inc., a premier Cross-Pacific venture capital, consulting and merger and acquisition (M&A) company. Under this agreement, DragonVenture, based in Palo Alto, California with an office in Beijing will be engaged by BriTay to solicit proposals from both individual and institutional investors, as well as business entities interested in acquiring an equity position in the company and its China-based business operations.

"We are very pleased to enter into this agreement naming DragonVenture as our venture capital consultant." Said Don Carter, President and CEO of BriTay International Inc. "We believe DragonVenture has a great track record of partnering interested investors with emerging business opportunities in China and the company clearly understands the challenges of this complex yet very coveted market."

"DragonVenture is excited at the opportunity to advise and assist BriTay International." Said Tony C. Luh, Managing Director of DragonVenture, Inc. "BriTay is in the right market at the right time. BriTay will be even more successful in China with additional funding from synergistic investors."

DragonVenture's presence in China has been significant. In February of this year, the Dongguan Municipal Government of China appointed the firm as its "Consulting Agency of Record" in order to promote the city and its business opportunities to foreign investors. In December of 2001, DragonVenture signed a deal to co-manage an M&A fund with Guangzhou's Canton Venture Capital firm which is intended to line up interested foreign investment for blue chip China companies from the region. This deal followed news of a US$60M fund to be jointly raised with China's largest venture capital firm, Shenzhen Venture Capital that DragonVenture announced in October of 2001.

"We believe we have a series of very compelling HR business solutions to offer our clients operating in China and by partnering with a venture capital firm such as DragonVenture, we feel confident we will raise the required capital to bring our solutions successfully to market" stated Don.

About DragonVenture, Inc.
DragonVenture, Inc. is a premier cross-Pacific venture capital, consulting and soft incubation company specializing in bridging the U.S. and Greater China marketplaces. DragonVenture manages funds that invest in emerging companies in the areas of telecommunications, Internet infrastructure, IC & Semiconductor, and Linux. The company provides cross-Pacific consulting services and facilitates cross-Pacific strategic alliances and/or partnerships, and mergers and acquisitions through DragonVenture's M&A Fund. DragonVenture, Inc. is headquartered in Silicon Valley and also has a branch office in Beijing, China. DragonVenture is working closely with numerous U. S. firms on their China strategy while assisting a handful of Greater China companies to expand business horizons into North America.

For more information visit www.dragonventure.com or www.dragonventure.com.cn

BriTay International Inc. is a consulting and management services company, headquartered in Rosemont, Illinois with its Asia office located in Beijing, China. The company specializes in the design and delivery of human resources management and organizational development interventions, staffing and employee integration services, as well as web-enabled HR strategies and solutions for companies wanting to open or expand their business operations in Mainland China. For additional information on BriTay, or the services mentioned herein, visit their Web site at http://www.BriTay.com or call (8610) 6505-9180 in China or (847) 993-3015 in the United States.

Contact Person: Jennifer Lee
Director of Business Development
Email Address: jenniferlee@BriTay.com
(8610) 6505-9180 in China
(847) 993-3015 in USA

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