China Trade Conference Opens Doors in U.S.

SALT LAKE CITY, UT, Jul 25 (MARKET WIRE) --
In the Governor's Board Room in the Utah State Capital yesterday
afternoon, Lt. Governor Greg Bell witnessed as Pacific Group signed
memorandums of understanding with three different Chinese firms. The
agreements were the result of The U.S. & China Trade, Culture, and
Education Conference which was held July 14th - 17th in combination with
the U.S. Governors National Conference. The Governors National Conference
was held in Utah for the first time since 1947, and organizers took
advantage of the coinciding events to create a Sino-U.S. Governors Forum
with their Chinese counterparts.

Approximately 80 Chinese government officials attended the conference
along with a contingent of 90 Chinese business people and 32 U.S.
Governors from across America. Pacific Group was one of several major
sponsors for the event which was held at the Little America Hotel in
downtown Salt Lake City, the Utah Governor's Mansion, the Utah State
Capital, and the Grand America Hotel.

Douglas Anderson, Pacific Group's Chairman and CEO, expressed
satisfaction with the conference outcome noting, "Even though we have
been on multiple business development trips to China in the past eighteen
months, it was nice to have this group visit the U.S. so they could
better understand the opportunities here where they might be investing in
private companies and real estate. These investments can lead to economic
growth, good financial returns, cultural exchanges, and a significant
number of jobs in America, so this is important for both countries."

In a busy day of wrapping up the discussions and negotiations from the
weekend, Mr. Anderson signed a development and joint investment
cooperation agreement with Mr. Xinming Liu, Chairman of the Board of the
Yen-Chain Creative Investment Corporation based in Inner Mongolia. They
committed to work together on a Pacific Group project in New Hampshire.
Pacific Group is a Salt Lake City based holding company with completed
projects in 26 U.S. states and two Canadian provinces.

Pacific Group also signed a joint investment and development agreement
with Mr. Kang Guiliang who is Chairman of the Board of three firms doing
business in Henan Province of Hebi City, Zhong Yuan Tou Zi, Zhong Yi Zhi
Ye, and Zhong Yi Dong Man. The firms are involved in real estate,
construction, and media technology respectively. Pacific Group and Mr.
Kang's firms plan to work together on one of Pacific Group's resort real
estate developments and on the advancement of graphic video animation
technology in cooperation with Zhong Yi Zhi Ye, LLC.

In addition to these traditional business opportunities, Pacific Group
also signed a cooperation framework agreement with Mr. Zhang Guang Xue,
General Manager of a prominent Beijing textile firm for joint investment
in Pacific Group's Ragged Mountain Resort, a ski and golf project in
Danbury, New Hampshire. Ragged Mountain is a U.S. EB-5 visa program
"Regional Center." EB-5 projects are based on a visa program which
requires the certified creation of at least 10 U.S. based jobs for every
$500,000 invested. In exchange for the investment, foreign nationals who
qualify have the opportunity to acquire a residency permit called a
"green card" so they can live, work, study, and travel in the United
States. Chinese nationals account for approximately 70% of all EB-5 visas
granted.

The economy in general, and job creation in particular, were main topics
for the Governors' conference. Pacific Group capital markets
representative Doug Lo spoke with Washington Gov. Christine Gregoire,
outgoing chair of the National Governors Association, who noted that her
state was using the EB-5 program to compete with Canada for investment
funding. Mr. Anderson mentioned that he had heard similar sentiment, "All
of the governors I spoke with from across the U.S. expressed a strong
interest in exploring further ways they could use the EB-5 program to
bring investment and jobs to their respective states. We have a lot of
follow-up work to do."

David Strong, Pacific Group's Chief Operating Officer, explained his view
of the Sino-U.S. trade conference, "It is hard to express how valuable
this cultural exchange was and will be. We have signed agreements with
firms from three different parts of China, and these agreements could
lead to significant economic development in addition to literally
thousands of jobs. The Chinese economy has been expanding rapidly, in
part because of their access to capital. Over the past few years capital
has been far less available in the U.S., so companies haven't been able
to operate as effectively or to generate much growth. This trade
conference provided us with the opportunity to meet with people who have
funds to invest and who have an interest in economic development as well
as cultural and technology exchanges. It created business opportunities
that would not have existed otherwise, and that will be good for all the
parties involved."

ABOUT PACIFIC GROUP
Over the past 25 years, Salt Lake City based Pacific
Group and its affiliates have been responsible for billions of dollars in
commercial real estate acquisition, development, and construction with
over 1,000 successfully completed projects. These projects include some
of the top resort properties in North America plus student housing,
commercial office buildings, retail stores and centers, industrial
business parks, multi-family urban condominium properties, and master
planned resort communities.

Pacific Group's background and affiliates in commercial development and
construction management provide the company with unique insight into the
cost analysis and construction management aspects of large scale
development. Through meticulous adherence to cost control procedures,
intense upfront due diligence, experienced project management, strong
financial analytical skills, and thorough marketing doctrines, Pacific
Group has established itself as an industry-leading development company
with finished projects in 26 U.S. states and two Canadian provinces.
www.pacific-group.com

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MEDIA CONTACTS
Mark K. Fischer
Blakeslee
(410) 336-9981
mark.fischer@blakesleeadv.com

David Strong
Pacific Group
(801) 886-2000
dstrong@pacific-group.com

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