SOURCE: OmniaLuo, Inc.

October 15, 2007 11:14 ET

Omnia Luo Group Limited Completes $6 Million Equity Financing and Share Exchange With Wentworth II, Inc.

SHENZHEN, CHINA--(Marketwire - October 15, 2007) - Omnia Luo Group Limited ("OmniaLuo" or the "Company"), a Chinese-based company engaged in the business of designing, developing, marketing and distributing fine women's apparel under the name Omnia Luo, announced today that on October 9, 2007, it completed a reverse acquisition through a share exchange with Wentworth II, Inc. ("Wentworth"), an SEC reporting company under Section 12(g) of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"). The combined company will now operate under the name of OmniaLuo, Inc. and will assume and execute OmniaLuo's business plan as its sole business moving forward.

Contemporaneous with the closing of the reverse acquisition, OmniaLuo completed a private placement of common stock and warrants to certain accredited institutional investors and other high net worth individuals for gross proceeds of $6.15 million. Keating Securities, LLC acted as exclusive placement agent to OmniaLuo in the private placement offering and as sole financial advisor to Wentworth in the reverse acquisition.

At the closing of the share exchange, Wentworth issued to OmniaLuo's stockholders 16,800,000 shares of Wentworth common stock, representing approximately 58.9% of the post-closing outstanding shares of Wentworth on a fully diluted basis, in exchange for all of OmniaLuo's outstanding ordinary shares, and also issued warrants to purchase an additional 292,752 shares of common stock, exercisable at $1.25 per share, in exchange for existing warrants to purchase ordinary shares of Omnia Luo Group Limited. As part of the private placement, Wentworth also issued a total of 4,920,000 shares of Wentworth common stock at a per share issuance price of $1.25, along with five-year warrants to purchase an additional 5,412,000 shares of common stock, exercisable at $1.5625 per share. On a fully diluted basis, Wentworth now has 28,544,752 shares of common stock outstanding.

Wentworth expects to change its corporate name to OmniaLuo, Inc. later this month. The Company plans to file, within 30 days of the closing of the private placement, a Registration Statement on Form SB-2 with the Securities and Exchange Commission with respect to the proposed resale of shares by private placement investors and certain other stockholders. Upon the effectiveness of the Registration Statement, the Company intends to seek a quotation of its Common Stock on the Over-the-Counter Bulletin Board.

"We are extremely pleased with this transaction and very optimistic about our Company's future. With the infusion of additional capital, we believe that OmniaLuo is poised to benefit from the explosive growth in China's $25 billion women's apparel market," stated Ms. Cindy Luo, OmniaLuo's Chairwoman and CEO. Ms. Luo further stated, "Keating Investments' turnkey going public program has provided OmniaLuo with the capital to accomplish our strategic growth objectives, and we are confident that their market-making and after market support services will result over time in a widely held, actively traded, and fully valued stock, benefiting all OmniaLuo stockholders."

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Omnia Luo Group Limited

Omnia Luo Group Limited (, based in China's fashion capital of Shenzhen, is in the business of designing, developing, marketing and distributing fine women's apparel under the brand name Omnia Luo. Omnia Luo's apparel embodies elegance, femininity and sophistication for China's rapidly growing class of urban and affluent female professionals. With its rapid and strategic expansion plan, Omnia Luo plans to increase its retail presence across 28 provinces in China from its current 135 stores to 264 stores by year end 2008. Under the leadership of Cindy Luo, the Company's founder and award-winning chief designer, Omnia Luo is positioned to become the Chinese brand equivalent of Donna Karan or Liz Claiborne.

About the Keating Companies

Founded in 1997, Keating Investments, LLC ( is the parent company of Keating Securities, LLC, a Denver-based broker-dealer and FINRA member that provides a turnkey solution to private companies going public via reverse merger. After Market Support, LLC is a wholly-owned subsidiary of Keating Investments, LLC that provides investor financial marketing services to public companies that have gone public via reverse merger or other alternatives to an IPO.


This news release contains forward-looking statements, including statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. Factors that may affect these forward-looking statements include, among others, our ability to raise capital, the decisions of third parties over which we have no control, the state of the telecommunications industry, technological changes and other factors set forth from time to time in our public statements. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date of this news release.

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