Allied Boston International Secures $10,000,000 Line of Credit for Endowment Design Group; LoC Enables Group to Complete Development of Insurance Product for Non Profits.

Business Editors

SAN FRANCISCO--(BUSINESS WIRE)--Nov. 5, 2001

Allied Boston International, Inc., an international corporation that secures capital for entrepreneurs seeking private funding for start-ups, new acquisitions, mergers, joint ventures and corporate expansion, announced today that it has secured a Line of Credit (LoC) of $10,000,000 for The Endowment Design Group, Inc., (EDG) Irvine, California.

The Endowment Design Group, also doing business as The Foundation Group, provides nonprofit organizations with a unique mechanism to raise substantial endowment for employee benefits. EDG will use the line of credit from Allied Boston to complete the development of Endowment 2000, a highly specialized product that blends group variable life insurance with debt financing techniques, professional investment management and the use of a tax-exempt vehicle to fund the employee benefits of nonprofit organizations (NPOs). Under Endowment 2000, financing is obtained without any investment by the NPO and without the NPO assuming any liability for the repayment of the financing.

Allied Boston International, Inc. is a private financial organization composed of five groups. The Financial Strategy Group helps structure corporate finance while the Corporate Strategy Group focuses on competitive advantages and formulates business plans. The Investor Relations Group writes business plans and proposals, with the Capital Acquisitions Group seeking suitable funding sources and the International Financing Group locating capital for qualified international businesses. With a base of investors worth over $1.2 billion, the company offers flexible private funding and expedited financing. Allied Boston International Inc. is located at 100 Pine Street, Suite 2260, San Francisco, California 94111, Ph. 415/438-1764, Fax [phone], www.alliedboston.com.