Released on = May 2, 2007, 12:00 am

Press Release Author = Fernandez Capital LLC

Industry = Financial

Press Release Summary = Fernandez Capital LLC has announced that Giancarlo Fernandez
will be promoted to Principal, effective immediately.

Press Release Body = FOR IMMEDIATE RELEASE

Fernandez Capital Appoints Giancarlo Fernandez to Principal

NEW YORK, NY - MAY 2, 2007

Fernandez Capital LLC has announced that Giancarlo Fernandez will be promoted to
Principal, effective immediately.

Mr. Fernandez has several years of financial and operational experience, including
experience in leading firms in New York City such as Morgan Stanley, Goldman Sachs
Group, Bloomberg LP, and Natexis Bleichroeder Inc. As Principal, Mr. Fernandez will
report directly to Carlos T. Fernandez, president and chief executive officer of
Fernandez Capital LLC.

\"Giancarlo Fernandez will be in charge of our media and entertainment investments at
Fernandez Capital,\" said Carlos T. Fernandez, president and chief executive officer
of Fernandez Capital. \"Mr Fernandez has expertise in the field of finance and media
and will be a tremendous asset to our firm.\"

Mr. Fernandez was born in Peru and holds a Bachelor\'s degree in Finance from St.
John\'s University in Queens, New York.

About Fernandez Capital:

Fernandez Capital LLC is a private investment firm that invests in extraordinary
entrepreneurs and promising companies that are currently in the early stages of
business. The firm\'s industry focus is on traditional media, new media, and Internet
business services. It is a limited liability corporation formed in the state of
Delaware of the United States with principal offices located in New York City.

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

Contact Details = Contact: Public Relations
Phone: 212-252-3566
Company Name: Fernandez Capital LLC
Email Address: info@fernandezcapital.com
Web site address: http://www.fernandezcapital.com