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14.07.2008
M1 LUX AG Signs Memorandum of Understanding with Premier Wealth Management for Acquisition of Master Trust

M1 LUX AG Signs Memorandum of Understanding with Premier Wealth Management for Acquisition of Master Trust

July 14, 2008 M1 Lux AG (Ticker M18 FRANKFURT) today announced it has signed a Memorandum of Understanding with Premier Wealth Management (OTCBB.PWMG.PK) for the purchase of Master Trust SA upon completion of due diligence by all parties for a consideration of 8m shares in M1 lux A.G. equating to approximately U$12.5m

Master Trust is a Swiss Fiduciary holding approximately U$1bn of assets under Discretionary Asset Management terms, generating Euro2.5m per annum in anticipated profit. Master Trust perfectly complements the existing product suite of M1 Lux offering it a further exclusive marketing opportunity without increased costs.

Gary Potter CEO, M1 Lux A.G. stated "To bring Master Trust into the Group is a significant achievement for us; it increases our funds under management by over 500% and provides a new outlet of distribution for Master Trust itself, a true business synergy. Master Trust are one of the iconic brands in the International arena with U$1bn under management and they are fully licensed in the heavily regulated jurisdiction of Switzerland. To add a Swiss license to our growing stable of regulatory approvals only increases the attractiveness of our company for further acquisitions"

Costas Constantinou, CFO, stated "Acquisitions of this size and calibre reinforce the stature of M1 and propel us forther towards recognition as a global brand. This is a truly exciting time in the Group's development'

Contact:

M1 Lux AG
Chamerstraße 44
6331 Hünenberg
Schweiz
www.m1lux.com
enquiries@m1lux.com

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