SOURCE: Dexterity Surgical, Inc.

December 21, 2007 09:30 ET

Dexterity Surgical, Inc. Acquires Zhi Bao Da Tong (Beijing) Technology Co., Ltd. via Merger With Rise & Grow, Ltd., a Hong Kong Holding Company

BEIJING--(Marketwire - December 21, 2007) - Dexterity Surgical, Inc. (OTCBB: DEXT) announced today that it has completed a reverse merger with Rise & Grow Limited, a Hong Kong holding company. To finalize the transaction, 26,400,000 newly issued shares of DEXT's common stock (66% of DEXT's 40,000,000 issued and outstanding shares) were issued to Newise Century Inc., a British Virgin Islands company that is the sole shareholder of Rise & Grow. Rise & Grow's sole operating entity is Zhi Bao Da Tong (Beijing) Technology Co. Ltd. (ZBDT), a company formed under the laws of the People's Republic of China (PRC) as a Wholly Foreign Owned Enterprise (WFOE), and doing business in the PRC. Effective as of the closing, the operations of ZBDT will be the only operations of DEXT.

ZBDT was established by Rise & Grow to develop computer and network software and related products. In compliance with the PRC's foreign investment restrictions on Internet information services and other laws and regulations, all of ZBDT's Internet information and media services and advertising in China are conducted via exclusive technical consulting and service agreements with Beijing Zhi Yuan Tian Xia Technology Co., Ltd. (Zhiyuan), an Internet service and media company focused on the PRC insurance industry. Pursuant to these agreements, dated September 28, 2007, ZBDT is the sole provider of services to Zhiyuan in exchange for substantially all of its net income, and future ownership rights.

Zhiyuan, founded October 8, 2006, offers online insurance products and services for the emerging Chinese Insurance industry. Its offerings include:

--  The first network portal for the Chinese insurance industry
    (www.soobao.cn), which offers industry players a forum for advertising
    products and services
    
--  Website construction and software development services for marketing
    teams in the insurance industry
    
--  Insurance agency services (whereby the company generates sales
    commissions on motor vehicle insurance, property insurance and life
    insurance)
    
--  Related client support services.
    

Zhiyuan's unaudited financial results for the quarter ended September 30, 2007 showed revenues of $2.3 million and net income of $1.8 million. The company reported cash of $2.2 million, accounts receivable of $1.7 million, and shareholders' equity of $3.8 million.

Effective with the close of the merger, DEXT named Junjun Xu as Chief Executive Officer and director, and Mingfei Yang as Chief Financial Officer.

Junjun Xu has served as the General Manager (second only to the Executive Director) of Zhiyuan since its launch in October 2006. Prior to joining Zhiyuan, she served in management positions, including one as a Senior Director of China Life Insurance Inc. Ms. Xu earned her bachelor's degree in economics and trade at Beijing Business College.

Mingfei Yang has served as financial department manager of Zhiyuan since May of 2007. Previously Mr. Yang worked as an accountant for companies in Beijing and Mongolia. He earned his academic degree in finance and tax at Inner Mongolia Financial Institute.

"We are very pleased to complete this transaction," commented Junjun Xu. "The insurance industry in China is in its infancy, and we believe this will help us capitalize on our software and Internet knowledge and industry expertise to establish the company as a key resource for insurance providers and consumers."

A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward looking statements involve a number of risks and uncertainties, including a timely closing of the contemplated acquisition, market acceptance of Zhiyuan's insurance products and the management services, competitive market conditions, successful integration of the companies, and the ability to secure additional sources of financing. The actual results DEXT may achieve could differ materially from any forward-looking statements due to such risks. DEXT encourages the public to read the information provided here in conjunction with its most recent filings on Form 8K and Form 10KSB which are available here: www.sec.gov.

Contact Information

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