CLARIFICATION of UA International Group Press Release.KIEV Kiev (kē`ĕf), Ukrainian Kyyiv, Rus. Kiyev, city (1990 est. pop. 2,600,000) and municipality with the status of a region (oblast), capital of Ukraine and of Kiev region, a port on the Dnieper River. , Ukraine -- UA International Group (Pink Sheets:UAIG UAIG United Automobile Insurance Group ) wishes to issue the following clarification to its release, BW5143, (UA-INTERNATIONAL) "UA International Group Announces the Retention of Galileo Asset Management SA as Its Investment Banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. " issued Monday, June 13, 2005: UA International Group (Pink Sheets:UAIG), a Ukrainian infrastructure and real estate development company announced yesterday on June 13, 2005, that it has engaged Galileo Asset Management, SA as its Investment Banking and Corporate Development Consultant. The correct term for Galileo's role with UAIG is Investment Advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and and Corporate Development Consultant. |
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