Published: June 03, 2010

Investment Banking Firm, WestPark Capital, IPO and Reverse Merger Specialists, on Explosive Growth Track Fueled by Chinese Deals

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LOS ANGELES - (BUSINESS WIRE) - "China as a market, and Chinese companies seeking access to U.S. capital continues to represent a very deep well of opportunity for the foreseeable future," says Richard Rappaport, CEO of WestPark Capital, (www.wpcapital.com), a Los Angeles-based full service international investment banking firm. WestPark Capital, Inc., innovators in the financial services industry recognized for having revolutionized the IPO and Reverse Merger process, is aggressively expanding its national and international growth plans in the wake of closing 8 investment banking transactions during the past twelve months, with a transactional value exceeding $117 million.

"Each of these companies occupies a unique and successful niche in providing both a valuable and wide array of products and services, not just in China, but in many instances globally," says Richard Rappaport, CEO of WestPark Capital, Inc. "We are proud to be able to help these companies grow through an infusion of capital utilizing our unique WRASP process." Rappaport is the creator of the "WRASP," a revolutionary financial services process in which a company becomes publicly traded through a reverse merger and trades directly onto a senior exchange, either the AMEX or the NASDAQ, completely bypassing the OTCBB. The information below is an "at-a-glance" summary of deals concluded during the past twelve months.

NIVS IntelliMedia Technology Group (Amex: NIV)

In its most recent transaction of April, 2010, WestPark Capital, Inc. completed a $24 million Public Offering for NIVS IntelliMedia Technology Group (Amex: NIV). In March, 2009, WestPark Capital, Inc. completed a WRASP offering for NIVS, raising $14 million for the Guandong, China-based Company best known for its interactive technology that permits users to control its various electronic products such as digital audio systems, televisions and other consumer electronic products through its voice activated technology.

On April 26th, the popular internet financial services website, The Motley Fool, identifies NIVS with a four star rating out of five. In an article titled, "Wall Street's Best Unknown Stocks," writer *Richard Duprey places NIVS at number two on his list and refers to NIVS as one of a handful of "Stocks that fly under Wall Street's radar, yet sport top ratings from our investor intelligence database." http://www.fool.com/investing/general/2010/04/26/wall-streets-best-unknown-stocks.aspx

*Fool contributor Rich Duprey does not have a financial position in any of the stocks mentioned in his article. You can see his holdings here. The Motley Fool has a disclosure policy.

ZST Digital Networks, Inc. (NASDAQ GM:ZSTN)

In another WRASP offering that yielded two transactions for one company, WestPark Capital, Inc., raised a total of $30 million in less than a six month period for ZST Digital Networks, a Zhengzhou, China-based company. In its first offering of May, 2009, WestPark Capital's initial private placement raised $5 million for the organization that supplies digital and optical network equipment to cable system operators in the Henan Province of China. WestPark Capital, Inc. sold common stock at the purchase price of $3.94 per share with gross proceeds of approximately $5.0MM, whereby it concurrently closed on its merger with SKRP 18 through its innovative WRASP transaction process. On October 20, 2009, ZST Digital Networks, Inc. began trading on the NASDAQ under the ticker symbol ZSTN, subsequently raising $25 million.

China Electric Motor, Inc. (NASDAQ: CELM)

China Electric Motor, Inc. (NASDAQ:CELM) is another Guangdong-based company for whom WestPark Capital, Inc. conducted its revolutionary WRASP; the first element of their innovative financing transaction included a $4.3 million private raise in October, 2009. According to the placement documents, proceeds were earmarked to increase manufacturing capacity, to purchase more industrial space, to modernize factory equipment and for general other corporate purposes. With more than 900 employees operating out of an approximately 160,000 square foot manufacturing plant, China Electric Motors provides micro-motor products that meet the growing demand for efficient, quiet and compact motors from manufacturers of consumer electronics, automobiles, power tools, toys and household appliances, among a host of other users and resellers.

Three months later, in January, 2010, WestPark Capital, Inc. concluded the next phase of its unique WRASP process by bringing China Electric Motor Company public with a $26 million offering, when the company began trading on the NASDAQ under the stock symbol, CELM. Among other things, the funds will be used to not only expand the company's existing product offerings, but to create a public market for its stock and to facilitate access to the public capital markets.

CINLE - China Intelligent Lighting and Electronics, Inc.

"The first quarter of 2010 started off very strong for us," says Rappaport, "we had good momentum coming out of the fourth quarter of 09, and we hit the ground running with another exceptional company in China for whom we did a private raise in January that is partnered with Hyundai." The company Rappaport is referring to is based in Huizhou, that is principally engaged in the research, development, design and manufacturing of light emitting diodes (LED) lighting for household, commercial, and outdoor lighting products for the Chinese market. Nearly half of all the world's high-end LED products are manufactured by the company, which has a capacity to produce up to 20 million units per month. China Intelligent Lighting and Electronics, which is presently not trading, when it goes public will trade under the AMEX symbol, CIL. The company earned the title of best lighting company in the Shanghai 2007 Exhibition, is named Hyundai Group's best strategic partner in 2007, and is noted as one of the "top 50 lighting companies" in Guangzhou province.

Beijing CD Media Advertisement Co., Ltd.

And finally, most recently, WestPark Capital, Inc., helped one of China's leading television and entertainment industry companies raise $5.3 million in a private placement. CD Media Company, located in Beijing, develops content and manages advertising operations for its clients, in addition to purchasing, repackaging, and reselling time slots from China's leading government-owned television stations and networks - CCTV-1, CCTV-2 and CCTV-3, to advertisers. In major provinces all over the People's Republic of China, the Company has more than 1000 customers, and has established a leading branding platform for some of the largest companies and advertising agencies in China. The infusion of new capital will allow Beijing CD Media to invest in local TV business to attain more advertising business hours, initiate development of cooperative relationships with local television stations to try to attain additional advertising agent contracts.

WestPark Capital Hires New Executives to Support National Growth Plans

"Given the success we are seeing with the WRASP, and its acceptance in the marketplace within the public financing arena, and our significant inroads into China helping to bring Chinese companies public,' says WestPark Capital, Inc, CEO, Richard Rappaport, "we have reached a tipping point and are now in the active recruitment of exceptional investment banking talent to further grow our company and expand the use of the WRASP product for U.S.-based companies."

On the heels of a spate of successful investment banking transactions for Chinese companies, WestPark Capital, Inc. has begun to aggressively ramp up its national expansion with the recent hiring of a powerful national development team, Frank Salvatore and Doug Kaiser, based out of the company's new Boca Raton, Florida offices. Salvatore and Kaiser, both Managing Directors of Brokerage and Sales, will be focused on growing the company's Retail Brokerage presence as well as expanding the firm's distribution capabilities. WestPark Capital, Inc. also recently hired James E. Hosch, an investment banking veteran with expertise in the placement of equity and convertible securities, as Managing Director of Investment Banking.

About WestPark Capital, Inc.

WestPark Capital, Inc., (www.wpcapital.com) specializes in taking companies public - fast. It is a full-service national and international investment bank focused on emerging growth sectors such as healthcare, software, technology, biotechnology, financial services, manufacturing, consumer products, and media and telecom industries, among other categories. Founded in 1999, with offices in key markets across the United States, as well as in China*, Hong Kong*, and Taiwan*, the firm and its founder, Richard Rappaport, are credited for having created the revolutionary "WRASP." The "WRASP" is a process in which a company becomes publicly traded through a reverse merger and trades directly onto a Senior Exchange such as the NYSE, AMEX or the Nasdaq, completely bypassing the OTCBB. The "WRASP" generally possesses superior liquidity, valuation and institutional coverage, combining the benefits of an IPO and Reverse Merger. This innovative approach includes potentially increased market awareness and the visibility of an IPO, while also retaining the cost effectiveness and timeliness of a Reverse Merger.

*International offices are separate and distinct and are joint ventures that are non FINRA registered offices.

Company Website: www.wpcapital.com