Tokyo, Japan, September 25, 2006 - (JCN Newswire) ? PhillipCapital, an integrated financial services group headquartered in Singapore, announced today that it has agreed to acquire a majority stake in Crevo Co., Ltd. (http://www.crevo.co.jp/), a Japanese commodity futures trading company on September 29, 2006. In addition, Crevo will also increase its capital by 200 million yen in a private placement with PhillipCapital.

C. Jeffrey Char, President of PhillipCapital Japan commented, “We are very excited with the opportunity to welcome the Crevo team to the PhillipCapital group and are confident that they will enable us to offer a more diversified and synergistic set of solutions to all of our customers in Japan as well as overseas.

Crevo’s Representative Director and President, Junki Imamura, said that the acquisition will be a great benefit to Crevo’s clients and partners. “It will allow us to dedicate far greater resources to our current offerings as well as to leverage the full breadth of PhillipCapital’s resources and experience. With the strength of the PhillipCapital group behind us, we will have increased capacity to improve our services and to satisfy our customers.

About Crevo Co., Ltd.
Established in 1955, Crevo Co., Ltd. is a member of The Tokyo Commodity Exchange (TOCOM), The Tokyo Grain Exchange (TGE) and The Central Japan Commodity Exchange (C-Com). It is licensed as a futures broker by the Japanese Ministry of Economy, Trade and Industry and Ministry of Agruculture, Forestry and Fisheries. Crevo offers execution, clearing and broking services of precious metals such as gold, silver and platinum, energy such as gasoline, oil, and kerosene, and agricultural products such as corn, beans and coffee.

About The PhillipCapital Group
PhillipCapital is a group of companies which offers a full range of quality and innovative financial services to retail, corporate and institutional customers. PhillipCapital is an integrated financial services provider with approximately 3500 staff in Asia and Europe and total shareholders’ funds in excess of US$1 billion. In Japan, member companies include PhillipCapital Japan, PhillipCapital Real Estate Japan, Phillip Financials, Naruse Securities and Crevo.

Contact:
PhillipCapital Japan KK
Ayumi Takemura
Marketing Department
Tel: +81- 3-3595-3640
Fax: +81- 3-3595-3630
e-mail: info_pcj@phillip.co.jp
http://www.phillipcapital.co.jp

Crevo Co., Ltd.
Hideo Sugimoto
Tel: +81-3-5651-2111
Fax: +81-3-3662-5700
e-mail: online@crevo.co.jp
http://www.crevo.co.jp/