Amherst Holdings, LLC Establishes Presence in Hong Kong

New Subsidiary Gives International Investors Access to Amherst`s Superior
Analytics and Fixed Income Expertise
AUSTIN, Texas--(Business Wire)--
Amherst Holdings, LLC, a leading financial services provider to institutional
investors in the mortgage sector, today announced that it has established a new
Hong Kong subsidiary, Amherst International Limited (AIL). The company has been
established to facilitate business with institutional investors throughout Asia
and to leverage Amherst`s knowledge of fixed-income securities, particularly in
residential mortgage-backed securities (RMBS). Through its new subsidiary,
Amherst is seeking to deepen its relationships with its global customers and
provide them with even better access to its disciplined investment approach and
leading analytics.

The establishment of Amherst International marks Amherst`s first international
venture. AIL will be led by veteran banker Paul Kan, who will serve as the
entity`s Managing Director. Mr. Kan joined Amherst from Lehman Brothers` Hong
Kong office, where he worked for several years as a Senior Vice President and
the senior trader of Mortgage-Backed Securities and Securitized Products for
Asia. While at Lehman, Mr. Kan was responsible for trading and coordinating the
execution of MBS trades with Lehman`s New York trading desks. Prior to working
at Lehman, Mr. Kan was a member of the Mortgage Trading Group at Donaldson,
Lufkin & Jenrette, where he structured and traded Agency and non Agency CMOs in
New York. He graduated from the Massachusetts Institute of Technology with
Bachelors of Science in Mathematics and Political Science.

"Establishing a presence in Hong Kong is an important and exciting milestone for
Amherst and one that we have been eagerly anticipating," said Sean Dobson, Chief
Executive Officer of Amherst Holdings. "We see a tremendous potential to grow
our business in Asia and establishing a presence in Hong Kong gives us an
important inroad into that market. Our clients in Asia will benefit from
Amherst`s superior analytic research and our extensive experience with the RMBS
market. Paul brings impressive fixed-income experience and an incredible
knowledge of the investor landscape in Asia. In Paul, Amherst`s customers in
Asia will find a dependable professional with extensive capabilities and
access."

From its office in Pacific Place Three on Queens Road East in Hong Kong, Amherst
International`s initial focus will be facilitating securities transactions in
the United States between Asian accounts and Amherst`s broker-dealer affiliate,
Amherst Securities Group, LP. AIL has received licenses from the Hong Kong
Securities and Futures Commission. The firm plans to hire additional sales
people to serve customers throughout Asia, with a focus on China, Taiwan and
Japan. The establishment of the Hong Kong company comes during a period of great
momentum at Amherst, which has grown steadily over the past several months,
having opened additional offices throughout the United States and attracting
some of the top salespeople, traders and analysts in the RMBS sector to the
firm.

About Amherst Holdings

Amherst Holdings is the holding company for several companies dedicated to
assisting institutional investors in the US residential mortgage markets. The
firm`s principal subsidiary, Amherst Securities Group, L.P., is a specialist
broker-dealer with more than 15 years experience analyzing and trading
residential mortgage-backed securities. Amherst`s experienced professional staff
utilizes proprietary analytical tools to provide actionable intelligence to
institutional clients that are seeking to understand and profit from the
complexities and risks of the mortgage securities market. More information about
Amherst can be found on www.amherstholdings.com.

The Abernathy MacGregor Group
Tom Johnson/Amy Robinson
212-371-5999

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