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WestPark Capital Closes Second WRASP October 4 , 2007 LOS ANGELES, CA – WestPark Capital, Inc. announced today the closing of another WRASP with China Architectural Engineering, Inc. (AMEX: RCH). A WRASP is a unique process in which a Company goes public through a reverse merger and trades directly on a Senior Exchange such as the American Stock Exchange. A WRASP involves a comprehensive set of interrelated transactions managed by WestPark Capital, Inc., an NASD registered broker-dealer. "With our second WRASP, we believe we have established a proof of concept and a new means through which fast growing, profitable companies are able to list on a reputable exchange, raise capital, as well as promote investor and regulatory visibility, thereby allowing them to grow their operations. As a result, we are seeing an increasing number of clients that want to undertake this process," stated Rick Rappaport, CEO of WestPark Capital, Inc. "WestPark's WRASP blends components of an Initial Public Offering and a Reverse Takeover, encompassing the cost effectiveness and timeliness of an RTO while also retaining the increased market awareness and visibility of an IPO," added Kevin DePrimio, Vice President of Corporate Finance. Remarking on the listing, Mr. Ken Luo, Chairman and CEO of China Architectural Engineering, said, "The approval of our shares for listing on the American Stock Exchange is an important milestone in the growth of our Company. We believe that an U.S. national exchange listing may provide China Architectural Engineering with a number of benefits, including increased visibility in the financial community and a larger potential investor base, as we strive to continue to grow our business within and beyond China." WestPark Capital, Inc. was the sole underwriter for the offering. A copy of the prospectus relating to the offering may be obtained from WestPark Capital, Inc., 1900 Avenue of the Stars, Suite 310, Los Angeles, CA 90067 or by phone at (310) 843-9300 or facsimile (310) 843-9304 or email mkehoe@wpcapital.com. ABOUT WESTPARK CAPITAL, INC. WestPark Capital, Inc., headquartered in Los Angeles, California, is a leading full-service investment bank dedicated to providing innovative, professional financial services to emerging growth companies. WestPark Capital, Inc. provides a wide range of services for both private and public companies, as well as to individuals and institutional investors worldwide. WestPark Capital, Inc. is a leading financial advisor for emerging growth companies. We offer our clients a comprehensive range of services including WRASPs, initial public offerings, reverse mergers, follow-on offerings and private placements, and financial advisory services.
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