LOS ANGELES, CA–(Marketwire – May 27, 2008) – Floyd Associates, a privately held consulting firm with operations in corporate finance, business strategy, investment banking, and mergers & acquisitions, announced today that it has launched a new service, providing advisory services to international investment funds on issues related to compliance with Shariah law, Islamic guidelines governing finance, investments, and banking.

Floyd Associates’ Shariah compliance service has two main components. The first relates to services offered to investment managers considering specific companies for investment purposes. In such cases the managers can submit the prospective company to Floyd Associates for screening.

The second component relates to the overall strategies of investment funds planning on attracting capital from Muslim investors. By complying with Shariah guidelines such funds will appeal to a wider audience of prospective investors. Floyd Associates’ Shariah compliance advisory services can assist such funds in exploring the steps that need to be taken to comply with Islamic investment guidelines.

To provide this service, Floyd Associates has added a world-renowned expert in the field of Islamic Banking and Finance, Dr. Shahin A. Shayan, to its advisory board. Dr. Shayan is a frequent public speaker and lecturer on various topics including risk management in Islamic Banking, Sukuk designs and financing, and Islamic derivative structuring. He is an advisor to the Islamic Development Bank where he lectures in both Malaysia and in Saudi Arabia on Sukuk financing and Islamic Banking and Finance. Between 1997 and 2007, Dr. Shayan has conducted various seminars on “Islamic Financial Engineering” in the annual World Islamic Banking conference in Bahrain and Dubai.

“We are delighted to offer US and European investment funds advice on how to comply with Shariah guidelines. During the past few years we have grown very rapidly and are now a strong player in introducing investment opportunities to institutional and individual investors in the Middle East. Through compliance with Shariah guidelines, the investment funds that we represent shall be significantly more appealing to Muslim investors,” said Mr. Nima Montazeri, Floyd Associates’ Managing Director.

To read more about Floyd Associates please visit www.floyd-associates.com. If you have questions or comments, please contact us by email at [email protected] or call us at: +1 (310) 300-0890.

About Floyd Associates

Floyd Associates is a privately held consulting firm with expertise in corporate finance, business strategy, and mergers and acquisitions. Our expert team advises companies of various sizes on capital raising instruments, optimal capital structures, and formation of strategic alliances. Capitalizing on years of experience, the Company offers complete solutions customized to meet the specific needs of each of its clients. The Company intends to form long lasting relationships with its clients and to maximize shareholder value through optimization of capital structure and business planning. Solutions include equity financing, business expansion plans, global corporate finance solutions, and international trade strategies.

Forward-Looking Statements

Except for historical information contained herein, the statements in this news release are forward-looking statements that involve known and unknown risks and uncertainties, which may cause the Company’s actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company’s plans or expectations