Released on: July 30, 2008, 7:00 pm

Press Release Author: Mr. Jeff Zhuang

Industry: Financial

Press Release Summary: July 31, 2008- Hong Kong - CES Futures® (http://www.CESFutures.com), a leading trader of global commodities, was awarded the Centre for Research and Innovation (HKCRI) \"Best Futures Dealer of the Year\" for 2007 at an awards dinner held last night. CES Futures received the award for its $429 million buyout of Tribute Financial completed on Feb. 16, which created a Hong Kong-based, privately held global leader in commodities trading with annual revenues in excess of $450 million.

Press Release Body: FOR IMMEDIATE RELEASE
July 31, 2008- Hong Kong - CES Futures® (http://www.CESFutures.com), a leading trader of global commodities, was awarded the Centre for Research and Innovation (HKCRI) \"Best Futures Dealer of the Year\" for 2007 at an awards dinner held last night. CES Futures received the award for its $429 million buyout of Tribute Financial completed on Feb. 16, which created a Hong Kong-based, privately held global leader in commodities trading with annual revenues in excess of $450 million.

\"We are honoured to receive this award that recognizes the important historic and now expanded presence of CES Futures in the Hong Kong trading community,\" said Max Shi, CES Futures\'s chief financial officer. \"This award recognizes that we completed our merger with Tribute Financial during one of the worst market conditions to raise debt in two decades, as well as CES Futures\'s ability to attract top-flight investors and partners to close one of Hong Kongs biggest trading financing deals in over a decade. Post-merger, CES Futures has positioned itself to provide superior service and communications solutions to our growing customer base and take on the competition in all markets.\"

The transaction was funded by a combination of debt and equity. The debt funding, consisting of $260 million senior secured credit facilities, was arranged by Morgan Stanley on behalf of CES Futures. The remaining $194.5 million cash equity contribution was facilitated by XiTan Partners, one of the largest Asian investment firms, with participation by Morgan Stanley Private Equity.

Founded in 1990 by Max Shimon, the new CES Futures now has a worldwide employee base of approximately 1,100 employees in over 30 countries through a network of over 50 direct offices and over 1,100 affiliates and partners.

The HKCRI Awards are synonymous with business excellence in the Hong Kong region. HKCRI is the rallying point to bring business, education and research together to create the winning economic conditions that allow Hong Kongs\'s trading companies to thrive locally and compete globally.

About CES Futures:

Located in Hong Kong, CES\'s principal business is to act as a broker in the futures, options and foreign exchange markets on behalf of private clients, corporate businesses, institutions and investment banks both within China\'s financial and offshore markets.





Web Site: http://www.cesfutures.com

Contact Details: Contact: Jeff Zhuang
Email: JZhuang@cesfutures.com
Company: CES Futures Brokerage Co. Ltd.
Address:
6 Austin Road Tsimshatsui
Tsim Sha Tsui, Kowloon
Hong Kong
Phone: + 852-3051-8237
Fax: + 852-3014-5850
Website: http://www.cesfutures.com