OFFICE OF THE REGISTRAR OF INTERNATIONAL

AND FOREIGN COMPANIES

Please address correspondence to P.O. Box 3265, APIA

**THE REGISTRAR** SAMOA

Tel: (685) 24-071

**[PRESS RELEASE]{.underline}** Telex: 200 CENBANK SX

Fax: (685) 20-880

Email: offshore@iesamoa.net

**Re: [WITHERSPOON, SEYMOUR & ROBINSON INCORPORATED (WSR II
C.)]{.underline}**

+---------------+-----------------+--------------+-------------------+
| i\) Office of | ii\) Office     | iii\) Office | iv\) Office Miami |
| New York      | Chicago         | Beverly      |                   |
|               |                 |              | 8306 Mill Drive,  |
| 1461 A First  | 3105 North      | Hills        | Suite 222         |
| Avenue        | Ashland         |              |                   |
|               |                 | 9663 Santa   | Miami, FL         |
| Suite 360     | Avenue          | Monica       | 33183-4838        |
|               |                 |              |                   |
| New York, NY  | Chicago, IL     | Blvd         | USA               |
| 10021-        | 60657-3013      |              |                   |
|               |                 | Beverly      | Email: [inf       |
| 2209          | ##### USA       | Hills        | \@wsr             |
|               |                 |              | .biz]{.underline} |
| #### USA      |                 | CA           |                   |
|               |                 | 90210-4303   | Internet:         |
|               |                 |              | [www.wsr          |
|               |                 | ##### USA    | .biz]{.underline} |
|               |                 |              |                   |
|               |                 |              | Phone: 001(646)   |
|               |                 |              | 205 8170          |
|               |                 |              |                   |
|               |                 |              | Fax: 001(646) 365 |
|               |                 |              | 3400              |
+---------------+-----------------+--------------+-------------------+

1.  It has come to our attention that the above American company has
    been advertising on the Internet the availability of capital
    management companies registered in Samoa, and is soliciting buyers
    for pre approved banking licenses allegedly in Samoa and other
    Pacific Island jurisdictions.

2.  The company is [not]{.underline} and never has been a licensed
    trustee company in Samoa and has [no authority]{.underline} to sell
    Samoan companies, banks or any other entities.

3.  The Government of Samoa has [not authorised]{.underline} the said
    company to represent them in the marketing and promotion of the
    Samoa Offshore Finance Centre.

4.  The Samoa Offshore Finance Centre does license offshore banks -- but
    only after a rigorous screening, vetting and due diligence process.

5.  All licence applications must be submitted through a licensed
    trustee company.

6.  The Samoa Offshore Finance Centre [does not]{.underline} and has
    never allowed "pre approved banking licenses".

Dated 25 July 2002

Erna Va'ai (Ms)

**[REGISTRAR OF INTERNATIONAL & FOREIGN COMPANIES,]{.underline}**

**[INSPECTOR OF OFFSHORE BANKS]{.underline}**