SlideShare una empresa de Scribd logo
1 de 2
Wednesday, December 05, 2012


Rising Star China International Wine Holdings:
Consignor of Investment Grade Wines to Mainland China

Top of Asia Capital Partners, Inc. (TOACP) seeks to raise investment capital of $100,000 to $200,000 to
obtain an equity interest in Rising Star China International Wine Holdings (RSW). RSW is the preferred
partner of the Beijing International Wine Exchange (BIWEX)1, the first and only government sanctioned
market exchange for fine wines sales within China. The BIWEX was organized and launched this past
summer with substantial assistance from RSW. The BIWEX’s owners include influential companies from
China’s financial services and wine sectors2; including CBEX Group (www.cbex.cn) and CITIC Group. The
RSW/BIWEX partnership establishes an on-shore/off-shore vehicle enabling a seamless, highly scalable
wine trading platform that’s quickly becoming recognized as the preeminent wine exchange within
mainland China. BIWEX’s stated mission is to supplant the London Fine Wine Exchange (Live-Ex) as the
world’s largest exchange for high-end wines. Given current market projections for Chinese wealth
accumulation and fine wine demand, (e.g., 2011 growth exceeding 49%3), BIWEX’s goal seems possible.

RSW was founded to source international fine wines to BIWEX and through private placements to
investors inside and outside China. RSW’s established inventory includes rare wines worth US$395
million from some of the world’s top negociants; including, Joanne Bordeaux, ARVI, LaBergere, Duclot,
and Millesime. RSW recently demonstrated the scope of its sourcing capabilities by assembling a
20,000 bottle offering consisting of the 2009 Robert Parker “Magic 20” 4. RSW has a firm contract to
purchase the entire lot (1,000 cases) for USD$5.86 million with delivery required within the next 3
months.5 RSW, in consultation with the BIWEX, Asian wine funds and Chinese investors, plans to
continuously prepare similar offerings to ensure a steady wine supply to the BIWEX and others. RSW
expects average profit margins of 10 to 15% on the value of wine sold.

RSW’s founders include “China veterans” with over 30 years of in-country experience have become the
trusted partners of many Chinese government entities, state-owned-enterprises and local
entrepreneurs. The management team is led by RSW’s Managing Director; a well-known former Asian
Pacific COO for a Swiss-based investment bank. Prior to joining RSW, he completed several US$1bln+
deals and developed his firm’s group into an Asian leader while establishing relationships with major PE
firms active in the region. The MD is supported by five senior managers with relevant China and/or wine
industry experiences. The management team is split between offices in Singapore and Beijing.



1
  http://www.bjiwex.com/ (Chinese only. Requires translation.)
2
  For English-language details regarding BIWEX opening and ownership see: a)
http://www.cbex.cn/article/Focus/201208/20120800001087.shtml; and, b)
http://www.youtube.com/watch?v=Pv01GCe6gdw
3
  For a summary of China’s emergence as a major market for wine and other collectible products see:
http://www.deloitte.com/view/en_LU/lu/press-room/press-
articles/f1d3afaf66b16310VgnVCM3000001c56f00aRCRD.htm
4
  For details see: http://www.thedrinksbusiness.com/2011/11/parker-vindicated-by-bordeaux-2009/
5
  TOACP has inspected the confidential, “chopped” (authorized) Chinese contract substantiating the contract and
its terms.

Top of Asia Capital Partners, Inc.                                                                                1
Proprietary & Confidential
Wednesday, December 05, 2012


This unique and time-sensitive opportunity has been offered exclusively to TOACP on the basis of
established relationships developed during our activities in China and elsewhere. RSW’s management
team has broader interests in China and views TOACP’s participation as strategic in the sense that it
provides access to TOACP’s management and China advisors.

TOACP’s investment in RSW would be used to purchase an equity interest in the company of 1-2% on
the same terms/valuation as offered to the founding outside investors. RSW plans to dividend out 50%
of profits on an ongoing basis with the remainder to be used for business expansion. At this time, no
specific exit strategy has been identified. However, the nature of the enterprise ensures multiple exit
options will likely be available. Presently, management views RSW represents an excellent buy-and-hold
investment with on-going and rapidly growing income for its investors.

If you or someone you know might be interested in participating in RSW, please contact Ed Odenwalder,
President, Top of Asia Capital Partners @ 720.253.3200 or edodenwalder@gmail.com.




Top of Asia Capital Partners, Inc.                                                                   2
Proprietary & Confidential

Más contenido relacionado

Destacado

Anforderungen an Prozessmanagement in EVU steigen –Unsere Referenten bieten A...
Anforderungen an Prozessmanagement in EVU steigen –Unsere Referenten bieten A...Anforderungen an Prozessmanagement in EVU steigen –Unsere Referenten bieten A...
Anforderungen an Prozessmanagement in EVU steigen –Unsere Referenten bieten A...Torben Haagh
 
Adaptive Layouts - Monster on Rails Jan. 2012
Adaptive Layouts - Monster on Rails Jan. 2012Adaptive Layouts - Monster on Rails Jan. 2012
Adaptive Layouts - Monster on Rails Jan. 2012Christian Peters
 
Jtramontani
JtramontaniJtramontani
JtramontaniJTO89
 
Ieee 2016 m.e m.tech project titles for cse- it
Ieee 2016  m.e m.tech project titles for cse- itIeee 2016  m.e m.tech project titles for cse- it
Ieee 2016 m.e m.tech project titles for cse- itElakkiya Triplen
 
Programa académico
Programa académico Programa académico
Programa académico tatig15
 
Türkiye Oyun Pazarı ve Sanal Gerçeklik
Türkiye Oyun Pazarı ve Sanal GerçeklikTürkiye Oyun Pazarı ve Sanal Gerçeklik
Türkiye Oyun Pazarı ve Sanal GerçeklikÖmer Faruk Sarıkaya
 
Servicio amoroso a los necesitados
Servicio amoroso a los necesitadosServicio amoroso a los necesitados
Servicio amoroso a los necesitadosCoke Neto
 
What Next for Social Mobility and Access?
What Next for Social Mobility and Access?What Next for Social Mobility and Access?
What Next for Social Mobility and Access?Hobsons
 
Estudio Panorámico de la Biblia: 2 Tesalonicenses
Estudio Panorámico de la Biblia: 2 TesalonicensesEstudio Panorámico de la Biblia: 2 Tesalonicenses
Estudio Panorámico de la Biblia: 2 TesalonicensesLuis García Llerena
 
Estudio Panorámico de la Biblia: 2 Timoteo
Estudio Panorámico de la Biblia: 2 TimoteoEstudio Panorámico de la Biblia: 2 Timoteo
Estudio Panorámico de la Biblia: 2 TimoteoLuis García Llerena
 

Destacado (15)

Anforderungen an Prozessmanagement in EVU steigen –Unsere Referenten bieten A...
Anforderungen an Prozessmanagement in EVU steigen –Unsere Referenten bieten A...Anforderungen an Prozessmanagement in EVU steigen –Unsere Referenten bieten A...
Anforderungen an Prozessmanagement in EVU steigen –Unsere Referenten bieten A...
 
Gecily
GecilyGecily
Gecily
 
Adaptive Layouts - Monster on Rails Jan. 2012
Adaptive Layouts - Monster on Rails Jan. 2012Adaptive Layouts - Monster on Rails Jan. 2012
Adaptive Layouts - Monster on Rails Jan. 2012
 
Jtramontani
JtramontaniJtramontani
Jtramontani
 
Ieee 2016 m.e m.tech project titles for cse- it
Ieee 2016  m.e m.tech project titles for cse- itIeee 2016  m.e m.tech project titles for cse- it
Ieee 2016 m.e m.tech project titles for cse- it
 
Programa académico
Programa académico Programa académico
Programa académico
 
Tic
TicTic
Tic
 
Nawin ( Resume )
Nawin ( Resume )Nawin ( Resume )
Nawin ( Resume )
 
INVITATION
INVITATION INVITATION
INVITATION
 
Türkiye Oyun Pazarı ve Sanal Gerçeklik
Türkiye Oyun Pazarı ve Sanal GerçeklikTürkiye Oyun Pazarı ve Sanal Gerçeklik
Türkiye Oyun Pazarı ve Sanal Gerçeklik
 
Servicio amoroso a los necesitados
Servicio amoroso a los necesitadosServicio amoroso a los necesitados
Servicio amoroso a los necesitados
 
Imagenes
ImagenesImagenes
Imagenes
 
What Next for Social Mobility and Access?
What Next for Social Mobility and Access?What Next for Social Mobility and Access?
What Next for Social Mobility and Access?
 
Estudio Panorámico de la Biblia: 2 Tesalonicenses
Estudio Panorámico de la Biblia: 2 TesalonicensesEstudio Panorámico de la Biblia: 2 Tesalonicenses
Estudio Panorámico de la Biblia: 2 Tesalonicenses
 
Estudio Panorámico de la Biblia: 2 Timoteo
Estudio Panorámico de la Biblia: 2 TimoteoEstudio Panorámico de la Biblia: 2 Timoteo
Estudio Panorámico de la Biblia: 2 Timoteo
 

Último

Unlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfUnlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfOnline Income Engine
 
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒anilsa9823
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxAndy Lambert
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Dipal Arora
 
HONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsHONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsMichael W. Hawkins
 
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptxB.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptxpriyanshujha201
 
Call Girls In Holiday Inn Express Gurugram➥99902@11544 ( Best price)100% Genu...
Call Girls In Holiday Inn Express Gurugram➥99902@11544 ( Best price)100% Genu...Call Girls In Holiday Inn Express Gurugram➥99902@11544 ( Best price)100% Genu...
Call Girls In Holiday Inn Express Gurugram➥99902@11544 ( Best price)100% Genu...lizamodels9
 
Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxCracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxWorkforce Group
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Neil Kimberley
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdfRenandantas16
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Serviceritikaroy0888
 
A305_A2_file_Batkhuu progress report.pdf
A305_A2_file_Batkhuu progress report.pdfA305_A2_file_Batkhuu progress report.pdf
A305_A2_file_Batkhuu progress report.pdftbatkhuu1
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Dave Litwiller
 
Best Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in IndiaBest Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in IndiaShree Krishna Exports
 
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyThe Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyEthan lee
 
Famous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st CenturyFamous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st Centuryrwgiffor
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Roland Driesen
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLSeo
 
Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageMatteo Carbone
 
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 DelhiCall Girls in Delhi
 

Último (20)

Unlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfUnlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdf
 
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
 
Monthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptxMonthly Social Media Update April 2024 pptx.pptx
Monthly Social Media Update April 2024 pptx.pptx
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
 
HONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael HawkinsHONOR Veterans Event Keynote by Michael Hawkins
HONOR Veterans Event Keynote by Michael Hawkins
 
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptxB.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
B.COM Unit – 4 ( CORPORATE SOCIAL RESPONSIBILITY ( CSR ).pptx
 
Call Girls In Holiday Inn Express Gurugram➥99902@11544 ( Best price)100% Genu...
Call Girls In Holiday Inn Express Gurugram➥99902@11544 ( Best price)100% Genu...Call Girls In Holiday Inn Express Gurugram➥99902@11544 ( Best price)100% Genu...
Call Girls In Holiday Inn Express Gurugram➥99902@11544 ( Best price)100% Genu...
 
Cracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptxCracking the Cultural Competence Code.pptx
Cracking the Cultural Competence Code.pptx
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023
 
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf0183760ssssssssssssssssssssssssssss00101011 (27).pdf
0183760ssssssssssssssssssssssssssss00101011 (27).pdf
 
Call Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine ServiceCall Girls In Panjim North Goa 9971646499 Genuine Service
Call Girls In Panjim North Goa 9971646499 Genuine Service
 
A305_A2_file_Batkhuu progress report.pdf
A305_A2_file_Batkhuu progress report.pdfA305_A2_file_Batkhuu progress report.pdf
A305_A2_file_Batkhuu progress report.pdf
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
 
Best Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in IndiaBest Basmati Rice Manufacturers in India
Best Basmati Rice Manufacturers in India
 
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyThe Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
 
Famous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st CenturyFamous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st Century
 
Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...Ensure the security of your HCL environment by applying the Zero Trust princi...
Ensure the security of your HCL environment by applying the Zero Trust princi...
 
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRLMONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
MONA 98765-12871 CALL GIRLS IN LUDHIANA LUDHIANA CALL GIRL
 
Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usage
 
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
9599632723 Top Call Girls in Delhi at your Door Step Available 24x7 Delhi
 

20121205 toacp deal summary - rising star china international wine holdings (no mp)

  • 1. Wednesday, December 05, 2012 Rising Star China International Wine Holdings: Consignor of Investment Grade Wines to Mainland China Top of Asia Capital Partners, Inc. (TOACP) seeks to raise investment capital of $100,000 to $200,000 to obtain an equity interest in Rising Star China International Wine Holdings (RSW). RSW is the preferred partner of the Beijing International Wine Exchange (BIWEX)1, the first and only government sanctioned market exchange for fine wines sales within China. The BIWEX was organized and launched this past summer with substantial assistance from RSW. The BIWEX’s owners include influential companies from China’s financial services and wine sectors2; including CBEX Group (www.cbex.cn) and CITIC Group. The RSW/BIWEX partnership establishes an on-shore/off-shore vehicle enabling a seamless, highly scalable wine trading platform that’s quickly becoming recognized as the preeminent wine exchange within mainland China. BIWEX’s stated mission is to supplant the London Fine Wine Exchange (Live-Ex) as the world’s largest exchange for high-end wines. Given current market projections for Chinese wealth accumulation and fine wine demand, (e.g., 2011 growth exceeding 49%3), BIWEX’s goal seems possible. RSW was founded to source international fine wines to BIWEX and through private placements to investors inside and outside China. RSW’s established inventory includes rare wines worth US$395 million from some of the world’s top negociants; including, Joanne Bordeaux, ARVI, LaBergere, Duclot, and Millesime. RSW recently demonstrated the scope of its sourcing capabilities by assembling a 20,000 bottle offering consisting of the 2009 Robert Parker “Magic 20” 4. RSW has a firm contract to purchase the entire lot (1,000 cases) for USD$5.86 million with delivery required within the next 3 months.5 RSW, in consultation with the BIWEX, Asian wine funds and Chinese investors, plans to continuously prepare similar offerings to ensure a steady wine supply to the BIWEX and others. RSW expects average profit margins of 10 to 15% on the value of wine sold. RSW’s founders include “China veterans” with over 30 years of in-country experience have become the trusted partners of many Chinese government entities, state-owned-enterprises and local entrepreneurs. The management team is led by RSW’s Managing Director; a well-known former Asian Pacific COO for a Swiss-based investment bank. Prior to joining RSW, he completed several US$1bln+ deals and developed his firm’s group into an Asian leader while establishing relationships with major PE firms active in the region. The MD is supported by five senior managers with relevant China and/or wine industry experiences. The management team is split between offices in Singapore and Beijing. 1 http://www.bjiwex.com/ (Chinese only. Requires translation.) 2 For English-language details regarding BIWEX opening and ownership see: a) http://www.cbex.cn/article/Focus/201208/20120800001087.shtml; and, b) http://www.youtube.com/watch?v=Pv01GCe6gdw 3 For a summary of China’s emergence as a major market for wine and other collectible products see: http://www.deloitte.com/view/en_LU/lu/press-room/press- articles/f1d3afaf66b16310VgnVCM3000001c56f00aRCRD.htm 4 For details see: http://www.thedrinksbusiness.com/2011/11/parker-vindicated-by-bordeaux-2009/ 5 TOACP has inspected the confidential, “chopped” (authorized) Chinese contract substantiating the contract and its terms. Top of Asia Capital Partners, Inc. 1 Proprietary & Confidential
  • 2. Wednesday, December 05, 2012 This unique and time-sensitive opportunity has been offered exclusively to TOACP on the basis of established relationships developed during our activities in China and elsewhere. RSW’s management team has broader interests in China and views TOACP’s participation as strategic in the sense that it provides access to TOACP’s management and China advisors. TOACP’s investment in RSW would be used to purchase an equity interest in the company of 1-2% on the same terms/valuation as offered to the founding outside investors. RSW plans to dividend out 50% of profits on an ongoing basis with the remainder to be used for business expansion. At this time, no specific exit strategy has been identified. However, the nature of the enterprise ensures multiple exit options will likely be available. Presently, management views RSW represents an excellent buy-and-hold investment with on-going and rapidly growing income for its investors. If you or someone you know might be interested in participating in RSW, please contact Ed Odenwalder, President, Top of Asia Capital Partners @ 720.253.3200 or edodenwalder@gmail.com. Top of Asia Capital Partners, Inc. 2 Proprietary & Confidential