Riemann Investment advised Vtion Wireless Technology AG to Successfully Float on German Main Board

SHANGHAI, Oct. 15 /PRNewswire-Asia/ -- Riemann Investment Holdings Ltd. ('Riemann Investment'), as the sole financial advisor of Vtion Wireless Technology AG ("Vtion AG"or the "Company"), advised, coordinated and completed all the preparation for its listing on the Prime Standard of Frankfurt Stock Exchange. Although Vtion AG's IPO plan has been temporarily postponed due to the downturn of global financial market, Riemann Investment successfully assisted its pre-IPO private equity funding in March 2008. Vtion AG raised total of 16m euro (approx. RMB 180m) with P/E ratio of 7x based on its 2007 net earnings through cooperation with Shenzhen Capital Group Co., Ltd. ("SCGC") as well as China-Israel Venture Capital Fund ("CIVC"). Such pre-IPO funding equipped Vtion with adequate financial resources and strength for its operations and further business development right before the commercialization of 3G technology. The IPO was accomplished in Oct., 2009, raising a total of 55.6 million euro. It is the first IPO in the German market since mid-2008, and is also the first Chinese 3G company listed in the Frankfurt Stock Exchange.

(Logo: http://www.prnasia.com/sa/2009/10/14/20091014161943.jpg )

Vtion Wireless Technology AG was incorporated in Frankfurt with main business operation conducted in China. It is one of the leading providers of wireless data card solutions in China, dedicated to the design, development and distribution of 2.5/2.75/3G wireless data cards, including after-sales services; also offering data services solutions.

Brief Introduction to Riemann Investment:

Riemann Investment is dedicated to offering fast-growing, high potential Chinese domestic companies custom-tailored professional services in corporate finance, private placement and overseas listing. Its comprehensive services cover equity investment, M&A, private placement, IPO consultation and post-IPO maintenance and financing, etc. Riemann's in-depth experience and professional team offers its clients timely, customized solutions and help them achieve their value creation.

In Nov 2007, Riemann Investment Holdings Co., Ltd. was formally named a listing partner of the Deutsche Borse. Among the ranking for IPO advisors on the Regulated Market of the Deutsche Borse from 2004 to 2008, which was published by Institutional Investment Magazine, Riemann Investment, as the only top-ranked non-European financial advisory firm, was ranked fourth with a total amount of EUR191.6m raised. In Sep 2008, it was also officially approved by NYSE Euronext as a Listing Sponsor for Euronext's Alternext market in Paris. For more information about Riemann Investment, please see http://www.shrminvest.com .