October 11, 2006 07:00 ET

China University of Petroleum Names New York Global Group President Benjamin Wey a Distinguished Visiting Professor

NEW YORK, NY -- (MARKET WIRE) -- October 11, 2006 -- New York Global Group (NYGG), a global investment banking and strategic consulting firm with almost a decade of experience in bridging the cultural and regulatory gaps between the U.S. and Chinese capital markets, today announced that NYGG President Benjamin Wey was named a Distinguished Visiting Professor by the China University of Petroleum, Beijing.

Mr. Wey commented, "It is a great pleasure to be associated with the China University of Petroleum, one of China's most prestigious universities with some of the most advanced academic programs. I look forward to contributing to its continued growth."

A Chinese American executive on Wall Street, Mr. Benjamin Wey will lecture in the areas of global finance several times during the course of the school year. A bilingual China expert, Mr. Wey possesses almost two decades of China experience and is regularly invited as a guest speaker at conferences worldwide related to China and international capital markets.

Mr. Wey has acted as an advisor to a diverse range of public and private institutions worldwide on China related strategic and investment opportunities. Mr. Wey is the Executive Director of the Foreign Investment Committee of the Investment Association of China and a Deputy Director of the China Mergers and Acquisitions Association. Mr. Wey is also a Senior Economic Advisor to the city of Tianjin, China's third largest city as well as several other major Chinese cities.

About the China University of Petroleum

Based in China's capital of Beijing and in the city of Dongying, home to China's 2nd largest oil field, the China University of Petroleum is a major Chinese public university registered and approved by the Chinese Ministry of Education. The University has 4 colleges, 5 departments and 3 schools and 1 research center, offering 22 bachelor's, 47 master's and 23 Ph.D. programs and one training program in Chinese Language Study. The University has 13 research institutes, 31 research groups, 30 laboratories, 5 centers, and is home to one national laboratory. Among a staff body of 2,400, 128 are full professors and 149 are associate professors. The University has a total of 48,000 students, including 600 Ph.D. students, 3,400 M. Eng. students and 6,000 B. Eng. students, and about 2,000 students take continuing educational programs each year. At present, the university has about 200 international students.

About New York Global Group

New York Global Group (NYGG) is a full-service global investment banking and strategic consulting firm with almost a decade of expertise in bridging the cultural and regulatory gaps between the U.S. and Chinese capital markets. In China, NYGG provides investment banking, research, due diligence and market entry-related services through its Chinese government licensed investment advisory firm headquartered in Beijing: New York Global Capital Investment Consulting, Ltd. (NYGC China), which has one of the largest due diligence staff among all U.S. firms doing business in China. In the US, NYGG wholly owns an SEC registered Wall Street securities brokerage firm, New York Global Securities, Inc., which provides investment banking and institutional equity research services to its global institutional clientele. In 2006, New York Global Group was named "The Best Foreign Investment Banking Firm in China Serving China's Middle Markets" by the China Securities Daily during China's 2nd Annual Securities Industry Conference. Visit NYGG at: www.nyggroup.com