Coralina Group Technologies Invests in Cyber Park of Santo Domingo Firm Takes 28% Equity Position; Coralina Group Predicts Great Future for Cyber Park.

SANTO DOMINGO, Dominican Republic & MORRISTOWN, N.J. -- Coralina Group Technologies, an investor in innovative technologies, announced today that it is taking a 28% equity participation in the Cyber Park of Santo Domingo. The specific amount of the investment was not disclosed.

"We are bullish about the Cyber Park and its potential to emerge as a center of high technology development within both the Dominican Republic and the region. The Cyber Park not only provides modern facilities and support services but access to the highly trained talent required for any high technology firm to succeed," said Mr. Pablo Tapia, Founder/CEO of Coralina Group Technologies. "Our investment in the Cyber Park coincides with our efforts to establish the first high technology university in the country. The new university will be co-located in the same campus as the Cyber Park, thus creating a unique synergistic advantage to attract high technology firms to locate their development efforts to the Dominican Republic," concluded Mr. Tapia.

"We are excited about Coralina Group Technologies' decision to invest in the Cyber Park. With the support of innovative firms such as Coralina and entrepreneurs such as Mr. Tapia we can move forward to expand the Park's regional presence," said Mr. Eddy Martinez, President of the Board of Director of the Cyber Park. "We anticipate announcing other overseas firms making equity investments in the Cyber Park in the near future," concluded Mr. Martinez.

"The Cyber Park needs private investors, such as Coralina Group Technologies. Mr. Tapia will also serve on the Board bringing his extensive experience in the high technology, software and telecommunication sectors to help the Board realize its strategic objectives," said Mr. Jorge Ivan Ramirez, President of Verizon Dominicana and member of the BOD of the Cyber Park.

About Coralina Group Technologies:

Coralina Group Technologies was founded by Pablo E. Tapia as a development platform enabling the Dominican Republic's acceleration as a new center of software and High-tech development. Leveraging the seasoned experience of its executive management team, the Group will invest and provide management leadership in helping to create and establish high technology and software development companies in the Dominican Republic and North America. The Coralina Group immediately identified the need to establish a world-class engineering and research university in the DR to develop the necessary Human Capital and founded 'Stevens Institute of Technology of the Americas' in partnership with Stevens Institute of Technology in the USA. (www.coralina.com)

About Cyber Park of Santo Domingo- The Cyber Park is the Dominican Republic's premier high technology center. Founded to encourage firms to off shore their technology development and operations to the country, the Cyber Park's clients include firms in software development, business process outsourcing and manufacturing. Contact the Cyber Park at [phone]; Fax [phone]