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Press Releases

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

About BriTay International Inc.
BriTay International Inc. is a consulting and management services company, with offices in Chicago, Illinois (USA), as well as in Beijing (China), and with parent company offices in Shanghai, Guangzhou and Hong Kong, China. The company specializes in the design and delivery of human resources management and organizational development solutions, staffing and employee integration services, as well as internet-enabled HR strategies and solutions for companies wanting to open or expand their business operations in Mainland China. BriTay International Inc. is a subsidiary of Management Recruiters International Worldwide China - a member of the MRI global network.

About MRI Worldwide Inc.
MRI Worldwide (www.mriww.com) provides search and recruitment services to clients in every major industry, serving multi-national companies on a global basis. With over 220 offices in Europe and Asia alone, the MRI network now exceeds 1,100 offices worldwide, making it the largest search company in the world. Based in Cleveland, MRI has system-wide billings of US$600 million and places 45,000 people in jobs annually. MRI is a subsidiary of staffing and outsourcing leader CDI Corp (NYSE: CDI; www.cdicorp.com ), a US$1.1 billion company providing customized technical, information technology, professional and administrative staffing and outsourcing solutions to its Fortune 1000 customers. In 2001, nearly 100,000 people worked on company assignments.

For additional information on BriTay International, or the services mentioned herein, visit the company's Web site at http://www.britay.com or call (8610) 6505-9180 in China or (630) 990-8233 in the USA.

Contact Person: Jennifer Lee
Director of Business Development
Email Address: jenniferlee@britay.com
(8610) 6505-9180 in China
(630) 990-8233 in USA


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