The Hawaii Office of VR Mergers & Acquisitions Opens Honolulu and Kauai Offices; Announces Key Executive Positions

Honolulu, Hawaii, April 26, 2004

The nation's number one business broker brings experience and worldwide exposure to Hawaii business sellers.

The Hawaii Office of VR Mergers & Acquisitions, the Hawaii franchisee of the nation's leading business broker, announced today the opening of its Honolulu and Kauai offices and the appointment of several key executives.

VR Hawaii's mission is to help Hawaii business owners and franchisors successfully sell their businesses rapidly and at full market value, and enable entrepreneurs from around the world to own businesses in Hawaii. For a business owner thinking of selling his or her business, VR brings two critical benefits offered by no other broker in Hawaii.

"First, VR has sold more businesses than any other firm in North America. By contrast, the existing brokers in Hawaii are primarily real estate brokers who likely have sold just a handful of businesses. We've learned that Hawaii business owners don't want to put their life's work in the hands of someone who doesn't understand complex business transactions", said Steve Abdalla, President of VR Hawaii.

"Second, VR Hawaii will get business owners the broadest possible, worldwide exposure for their businesses, to ensure a rapid sale for its full market value. We will leverage our nationwide network of offices, web sites, buyer databases, as well as an extensive, multi-channel Hawaii marketing and advertising program. The standard practice in Hawaii now is to put a business on the Multiple Listing Service or the local newspaper."

Gordon Ledingham, Executive Vice President of Hawaii Lending Specialists, a Honolulu-based firm specializing in alternative lending solutions for businesses, commented, "VR's experience and worldwide reach will certainly help Hawaii business owners who need to sell their businesses. In addition, VR's presence will help energize Hawaii's economy by bringing entrepreneurs and much needed investment capital from the mainland and overseas. VR's services nicely complement our efforts to provide alternative financing to existing owners and new buyers of businesses in Hawaii."

About the Hawaii Office of VR Mergers & Acquisitions

The mission of the Hawaii Office of VR Mergers & Acquisitions is to help Hawaii business owners and franchisors sell their businesses rapidly and at full market value, and to enable entrepreneurs from around the world to own businesses in Hawaii. VR Hawaii is an independently owned and operated franchisee of VR Mergers & Acquisitions, North America's number one business broker based on volume of businesses sold.

The company, headquartered in Honolulu, HI, can be reached at (808) 597-1101 or at www.vrhi.com.