SOURCE: WorldVest, Inc.

WorldVest, Inc.

August 07, 2009 09:00 ET

WorldVest Expands Its Asian Business Division

Matthew (Yoonji) Chung and James (Jaesung) Kim Hired as Senior Management

LOS ANGELES, CA--(Marketwire - August 7, 2009) - WorldVest, Inc. (OTCBB: WOVT), a global merchant bank, announced today that it has expanded its Asian business division to pursue unique investments and banking transactions throughout the Asia region, with a focus on China and South Korea. Matthew (Yoonji) Chung has joined the WorldVest team as its Senior Managing Director of Asia. In this role he will oversee the development of WorldVest's presence in this rapidly growing market.

Mr. Chung will be supported by James (Jaesung) Kim who has been appointed as Managing Director of Korea. Mr. Kim will play an integral role in leading business development and deal management activities as well as sourcing investment capital from individual and institutional investors within Korea. This newly assembled team brings over 35 years of business development and finance experience, as well as numerous strategic governmental and private sector relationships, which will provide WorldVest with significant access within the region.

Mr. Chung's career includes more than 20 years of successful management, business development, and consulting experience on a global basis with emphasis in the information technology and telecommunications sectors. Mr. Chung formerly held the position of General Manager with Trigem Computers, a leading Korean computer manufacturer which licensed products to household names such as HP, IBM, and Gateway. In this role, Mr. Chung was responsible for the formation and successful global roll-out of eMachines, a computer brand that was sold to Gateway for US $375 million. Mr. Chung's business and technology background are an invaluable resource, which will allow WorldVest to identify and evaluate leading technology companies throughout Asia.

Mr. Kim, joins WorldVest from the Korea Trade Promotion and Investment Agency (KOTRA), a government agency responsible for promoting business and investment in the country of South Korea. During his 18 years with KOTRA, Mr. Kim was personally responsible for inducing foreign direct investment of more than US $1.8 billion into Korea through the identification and advancement of more than 200 projects in the real estate development, high-tech manufacturing, renewable energy, entertainment, pharmaceutical and bio-tech industries. Further, while a member of KOTRA's Foreign Investment Inducement Team within its Los Angeles office, Mr. Kim spearheaded a campaign which introduced Korean companies and financial institutions to the use of Special Purpose Acquisition Companies (SPACs) and Alternate Public Offerings (APOs) as vehicles for accessing the U.S. public exchanges. As a result of these efforts, WorldVest anticipates completing an increasing number of these transactions within the Korean market, both as an advisor and with its portfolio companies acquired through the WorldVest Vintage Korea Investment initiative.

WorldVest CEO Garrett Krause commented, "We are currently evaluating a number of exciting transactions in Asia and look forward to expanding our capabilities and presence in this important market. We believe Asia, with an emphasis on China and Korea, will continue to be a global business leader for years to come. With the expansion of our Asian business division, and the addition of Mr. Chung and Mr. Kim, we are ideally positioned to capitalize on the tremendous opportunity for WorldVest within the region."

About WorldVest, Inc.

WorldVest is a global merchant bank that offers not only traditional investment banking, asset management and advisory services, but also makes direct investments as a principal in select high-growth transactions on a global basis. Recognizing the disconnect that exists between the needs of companies and the limitations of traditional investment banking, private equity, and venture capital institutions, WorldVest seeks to set a new standard, emerging as a partner and solution provider where one did not previously exist. WorldVest is a majority controlled subsidiary of WorldVest Equity, Inc. (PINKSHEETS: WVVEF).

For more information about WorldVest, Inc. please refer to the company's website at

Forward-Looking Statements:

Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward-looking statements are subject to a number of risks and uncertainties including market acceptance of the Company's services and projects and the Company's continued access to capital and other risks and uncertainties outlined in its filings with the Securities and Exchange Commission, which are incorporated herein by reference. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements.

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