Adam Friedman Associates Announces New Client Wins and Additional Staff; Agency Wins New Accounts from Diverse Industry Sectors in North America and China.

NEW YORK -- Adam Friedman Associates (AFA), a leading New York-based communications consultancy specializing in investor and media relations, today announced recent new business wins in both its North America and China divisions and the addition of senior staff.

AFA New Business Wins

New clients in AFA's North America Division include: Federal Realty Investment Trust (NYSE: FRT), Rockville, Md.; A.B. Watley (OTCBB: ABWG), New York, N.Y.; and The Jewish Agency for Israel, headquartered in Jerusalem with offices in New York.

Federal Realty is a Real Estate Investment Trust (REIT) specializing in the ownership, management, development and redevelopment of shopping centers and street retail properties located primarily in the Northeast, Mid-Atlantic and California. A.B. Watley provides direct access trading abilities and software applications to retail and corporate customers and in brokerage and banking venues. The Jewish Agency for Israel promotes immigration and absorption in Israel.

AFA's China Division new clients include: American Construction Company (OTCBB: ACNS) which recently acquired General Steel Holdings, Inc., a rapidly growing steel producer in China; American Oriental Bioengineering, Inc. (OTCBB: AOBO) based in Nanagang District, Harbin, China; The Hartcourt Companies, Inc. (OTCBB: HRCT) headquartered in Shanghai, China; SORL Auto Parts (OTCBB: SAUP) based in Wenzhou City, Zheijiang, China; and Techedge, Inc. (OTCBB: TEDG) headquartered in Iselin, N.J.

"Our extensive national and international experience and unique service offering allow AFA to work across industry sectors and tailor programs to each client's individual investor relations and financial communication needs," said Adam Friedman, Principal. "Our diverse and growing client roster allows us to attract top communications talent with opportunities to apply existing experience in creative new directions."

AFA New Hires

To service new and existing accounts, AFA's staff now includes two additional senior counselors. Leslie Wolf-Creutzfeldt brings 15 years of strategic investor relations counsel to AFA clients. She specializes in building proactive investor relations programs for companies with complex underlying technologies, ranging from pre-IPO initiatives to expanding the reach of multinational corporations.

Rick Hilton joins AFA's public relations team with experience from across several industries including professional services, consulting and business process outsourcing. Rick has successfully placed client interviews with reporters from The Wall Street Journal, The New York Times, Forbes, The Financial Times, as well as on national television. Prior to joining AFA, Rick handled public affairs and business-to-business marketing communications for clients such as Automatic Data Processing, The U.S. Army and RoperASW.

About Adam Friedman Associates

Adam Friedman Associates ("AFA") is a leading independent public relations firm headquartered in New York City, specializing in the strategic practice of corporate and investor relations. For more information about Adam Friedman Associates, visit the web site www.adam-friedman.com.