Released on = August 7, 2006, 4:59 pm

Press Release Author = Offshore Business Magazine

Industry = Financial

Press Release Summary = Offshore Business Magazine (www.magverlag.com) is one of the
largest and fastest growing free digital magazines for the offshore world. Reaching
an audience of more than 10 000 readers worldwide, the magazine has now launched its
eighth (8) free issue and is aiming to establish itself as a well-known, free and
must-read experience.

Press Release Body =

Manila, Philippines, August 06, 2006 With issue 8, Offshore Business Magazine
continues to provide essential reading for business-people, investors, expatriates
and professional service providers all over the world, thanks to its premium
editorial content written by experts with detailed knowledge of the offshore
financial industry.

Here are some of the highlights in Offshore Business Magazine No. 8:

How to Set Up Your Own Hedge Fund: Traders and money managers often dream about one
day running their own hedge fund, managing large sums of money, and competing head
to head with the world's top traders. For many, though, this dream remains
unfulfilled, because they do not know where to begin and do not want to squander
their resources "reinventing the wheel."

The word "offshore" has a certain mystique to many. Offshore hedge funds are
investment vehicles organized in offshore financial centers ("OFC"). OFCs are
countries that cater to the establishment and administration of mutual and hedge
funds ("funds"). Offshore funds offer securities primarily to non-U.S. investors and
to tax-exempt investors (e.g. retirement plans, pension plans, universities,
hospitals, etc.).

Asset protection with solid foundations: Trusts can be used to protect your assets
and protect your loved ones. Trusts are a popular asset protection tool but they do
have limitations, meaning they are not the best asset protection solution for all
investors. Using a foundation as part of your wealth management strategy can provide
additional protection and peace of mind not available with trusts.

Anonymous US Companies Undermine OECD Transparency Drive: US states are undermining
a controversial initiative by the Organisation for Cooperation and Development
(OECD) to track global financial data. By continuing to incorporate
anonymously-owned companies for foreigners, the states are ignoring new
international \"transparency\" standards even while their government demands that
other countries adopt them.

Financial Centre - A Year in Review: Over the period since the Qatar Financial
Centre officially opened for business, on 1 May 2005, a full programme of business
development, marketing, recruitment of key staff and licensing of firms has been
carried out. In the space of a year the Qatar Financial Centre Authority (QFCA) has
moved from an ambitious concept into a fully operational and goal oriented
organization. It is setting itself stretching targets and standards which are the
equal to those of any world class financial centre, and has already gained a record
of (and a reputation for) achievement well ahead of expectations.

Offshore Business Magazine was media sponsor of Cayman Islands Bankers' Association
Conference 2006 (www.caymanbankersconference.ky). The conference attracted over 120
senior-level executives from leading banks, financial services firms and industry
leaders both from the Cayman Islands and internationally. This year's theme, The
changing face of banking, captures the dynamic development of the international
banking sector over the past decade. Consolidation of many of the world's largest
banks, further synergies between banking and other key sectors such as mutual funds
and insurance, among others and technological and regulatory developments have all
resulted in changes in the international banking environment. In addition to its
position in the international banking arena, the Cayman Islands position as the
worlds' top hedge funds domicile and as the second largest captive insurance centre
in the world made it the ideal jurisdiction to reflect on the changing face of
banking.

###



Note to editors:

About Offshore Business Magazine: Offshore Business Magazine is a leading FREE
digital publication that provides an end-to-end perspective on the offshore
financial industry with unique in-depth content and market coverage.

The magazine covers a wide range of topics within offshore business sectors like:
Law, Tax, Incorporation, Trust, Banking, Insurance, Funds, Wealth Management and
Licensing across many offshore jurisdictions.

Every issue brings essential reading to business-people, investors, expatriates and
professional service providers all over the world, largely thanks to its premium
editorial content written by experts with detailed knowledge of the offshore
industry. Every story in the magazine provides some element of utility, some lesson,
example, insight, or bit of information you can gain from.
(www.magverlag.com)

Publisher: Offshore Business Magazine is published by Strong Media Corp.
(www.strongmediacorp.com), a Manila-based media company, owned by John Enar Karlsson
and Cecilia Hernandez. The very first issue of Offshore Business Magazine was
published in May 2005 and is now published bi-monthly, in English and distributed
online (www.magverlag.com) free of charge to more than 10 00 readers .
(www.strongmediacorp.com)

Download:
Photo Library: http://www.magverlag.com/offshore/photos.php
Logo: http://www.magverlag.com/offshore/logos.php

Contact: If at any times you shall have any concerns or inquiries, please feel free
to contact us at.
STRONG MEDIA CORP.
c/o Offshore Business Magazine
Governor's Place T4,u4B Shaw Boulevard
Mandaluyong City, 1552 Manila

Web Site = http://www.magverlag.com

Contact Details = Contact: If at any times you shall have any concerns or inquiries,
please feel free to contact us at.

STRONG MEDIA CORP.
c/o Offshore Business Magazine
Governor's Place T4,u4B Shaw Boulevard
Mandaluyong City, 1552 Manila


john_swedish@yahoo.com
www.magverlag.com