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/C O R R E C T I O N -- THE BOSTON CONSULTING GROUP/

 In NY006, The Boston Consulting Group Establishes Joint Venture in Shanghai, which moved yesterday, we are advised by a representative of the company that the joint venture company named in the second paragraph, first sentence, should be the "Shanghai Boston Advisory Company Ltd." rather than the "Shanghai Boston Consulting Company" as originally issued.
 The corrected release follows:
 THE BOSTON CONSULTING GROUP ESTABLISHES JOINT VENTURE IN SHANGHAI
 -- Combination is the First in China
 by a Major International Consulting Firm --
 BOSTON, Jan. 28 /PRNewswire/ -- The Boston Consulting Group today announced an expansion of the firm's capabilities in Asia, with the creation of a joint venture company in Shanghai.
 The joint venture, known as Shanghai Boston Advisory Company Ltd., will be the first joint venture in China by a major international consulting firm. The joint venture company will consult to multinational companies expanding in China and to local companies interested in regional and global expansion.
 The Boston Consulting Group will own 50 percent of the venture, with Jiao Tung University and Bank of Communications owning 25 percent each. The company will be led by Bob Ching, a vice president of The Boston Consulting Group with 24 years of experience with the company.
 The Boston Consulting Group is widely recognized as a world leader in strategy consulting. After its founding in 1963, the firm became the first major strategy consulting organization in Asia, with the opening of a Tokyo office in 1966. Today, The Boston Consulting Group advises many of the world's best known Asian and international companies from its offices in Tokyo. The firm's regional base in Hong Kong serves the other major markets of East Asia.
 -0- 1/29/93
 /CONTACT: Joan Wheeler of The Boston Consulting Group, 617-973-1347/


CO: The Boston Consulting Group, Jiao Tung University ST: Massachusetts IN: SU: JVN

WB-TM -- NY035 -- 0716 01/29/93 11:17 EST
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Publication:PR Newswire
Date:Jan 29, 1993
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