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MAY 22ND, 2010 - LONDON, UK (FOR IMMEDIATE RELEASE) - EQUITY CAPITAL MANAGEMENT ANNOUNCES LETTER OF INTENT TO STRUCTURE INVESTMENT AND  LIST ON FRANKFURT MARKET  A LEADING RUSSIAN INTERNET GROUP

Equity Capital Management PLC (Frankfurt: A8Z) is pleased to announce that it has signed a letter of intent with a leading Russian Internet Group to structure an investment and list the company on a European stock exchange.

The Russian Internet Group owns a diversified portfolio of valuable internet websites and properties with millions of subscribers in diverse spaces including social dating and international trade. In addition, it operates internet web development, web advertising and internet logistics companies. The company had 2009 revenues of ~US$5 million and has significant growth potential in terms of revenues, internet members, unique visitors and cash flows with the investment of strategic capital from ECM and its partners.

ECM and its partners are confident that the Russian internet has incredible growth potential and is an attractive investment opportunity as internet penetration increases from the current 33% penetration towards other western country internet penetrations such as the United States which has over a 75% internet penetration. In addition, there is significant potential for internet e-commerce as credit card penetration grows in Russia from the current approximate 20% penetration towards other western country credit card penetrations. The United States has an incredible over 200% credit card penetration with many Americans having multiple credit cards.

The investment in the Russian internet company and going public process will occur after due diligence and definitive agreements.

ABOUT EQUITY CAPITAL MANAGEMENT PLC:
Equity Capital Management PLC is a merchant banking group that makes and structures opportunistic investments in a broad range of assets in the technology, telecom, environmental and health care spaces. ECM will generally target high growth and/or distressed opportunities with solid intellectual property and global potential for expansion. The principals of ECM have each over 25 years of financial, operational and investment experience and together provide differentiated broad-based global relationships and a successful long term investment track record.

These statements are based on current expectations and projections about future events and involve known and unknown risks, uncertainties, and other factors that may cause actual results and performance to be materially different from any future results or performance expressed or implied by these forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Equity Capital Management Plc. undertakes no obligation to update any such statements to reflect actual events.

For more information on the company:
Visit us on the Web at www.equitycapitalmanagement.co.uk. or contact us by e-mail at info@equitycapitalmanagement.co.uk To contact us by phone, call our London office at : 44 (0) 297 788 7775 or Fax : 44 (0) 203 318 1986

 


This release may contain certain forward-looking statements with respect to certain of Equity Capital Management PLC's plans and its current goals and expectations relating to its future financial condition, performance, results, strategy and objectives. Statements containing the words believes, intends, expects, plans, seeks and anticipates, and words of similar meaning, are forward-looking. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond Equity Capital Management PLC's control including among other things, UK domestic and global economic and business conditions, market related risks, and the performance of financial markets generally; the policies and actions of regulatory authorities, the impact of competition, inflation, and deflation; the timing, impact and other uncertainties of future acquisitions or combinations within relevant industries; and the impact of changes in capital, solvency or accounting standards, and tax and other legislation and regulations in the jurisdictions in which Equity Capital Management PLC operates. As a result, Equity Capital Management PLC's actual future financial condition, performance and results may differ materially from the plans, goals, and expectations set forth in Equity Capital Management PLC's forward-looking statements.Equity Capital Management PLC undertakes no obligation to update the forward-looking statements contained in this section or any other forward-looking statements it may make.