Released on = April 4, 2007, 7:33 am

Press Release Author = Walt Lecter/Carlton Hedges & Associates

Industry = Financial

Press Release Summary = Carlton Hedges & Associates are reported to be in talks with
Hong Kong exchage listed Catic Shenzen Holdings to act on their behalf.

Press Release Body = Carlton Hedges & Associates are reported to be in talks with
Hong Kong exchage listed Catic Shenzen Holdings to act on their behalf to negotiate
the settlement with the US tax authorities over the $16.9 million allegedly owed in
outstanding corporation tax to the IRS.

Carlton Hedges spokesperson, Walt Lecter said \"We anticipate a end to this long
running dispute by the end of 2004.\" He further added that \"We are extremely pleased
by this appointment and it further confirms Carlton Hedges position as one of the
worlds leading team of tax consultants.

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

Contact Details = Carlton Hedges & Associates
44 Wall Street,
21st Floor,
New York,
NY 10005,
Tel: +1 718 72 2850
Fax: +1 718 72 2444
Email: info@carltonhedgesandassociates.com
Website: www.carltonhedgesandassociates.com