Tokyo, Japan, June 8, 2007 – (JCN Newswire) –PhillipCapital Japan announced the successful initial closing of PhillipCapital Global I Limited Partnership, its first venture capital fund in Japan as of May 31, 2007. PhillipCapital Global I will invest initially in GVC V LP, a fund managed by Global Venture Capital focusing on early stage investments in companies in Japan as well as overseas. Total committed capital for the venture fund as of the initial closing is 1.7 billion yen.

About The PhillipCapital Group

PhillipCapital is a group of companies which offers a full range of quality and innovative financial services to retail, corporate and institutional customers. PhillipCapital is an integrated financial services provider with approximately 3000 staff in Asia and Europe and total shareholders’ funds in excess of US$300 million. In Japan, member companies include PhillipCapital Japan, PhillipCapital Real Estate Japan, Phillip Financials, Phillip Futures and Naruse Securities. For more information, please visit http://www.phillip.co.jp/.

About Global Venture Capital

GVC is an independent, Tokyo-based partnership in the business of managing venture capital funds. The individuals constituting GVC have been active in entrepreneurship, venture capital and private equity globally for over 20 years. Since 1997, GVC has been responsible for managing a series of venture capital funds with total committed capital of 6.3 billion yen, which has been directly invested in over 30 companies both inside and outside of Japan. Direct investments in portfolio companies have resulted in six IPO's to date. As a result, GVC has achieved a gross, aggregate IRR of well over 100% for its investors. For more information, please visit
http://www.gvc.jp/.

Contact:

Mariko Koike
PhillipCapital Japan KK
Tel: +81-3-3595-3631
Fax: +81-3-3595-3630
e-mail: info@phillip.co.jp
URL: http://www.phillip.co.jp

Tokyo, Japan, June 6, 2007 – (JCN Newswire) – Phillip Financials KK, a member of PhillipCapital, an integrated financial services group, announced today the launch of its newly redesigned website at http://www.phillipfinancials.com for its FX customer base in Japan. The overhauling of its website is an extension of the company’s efforts to provide quality service and products to all its customers in Japan.
The company will continue to add new features in the coming months to further increase and facilitate customer convenience and ease of trading. Further, a brand new financials futures website is also targeted for launch in July 2007.

“In adherence to our group philosophy, “Your Partner in Finance,” we are continuously on the look out for quality services and products to offer to our customers,” said Chellapa Panickar, President of Phillip Financials. “From its new appearance to more user friendly features, I am confident that our margin foreign exchange customers and financial futures customers in Japan will like our new and improved website.”

About Phillip Financials KK

Phillip Financials provides its customers with a comprehensive and robust online trading platform and a well established and effective 24 hour multi-lingual customer service support centre. Currently, the company offers leveraged FX margin trading products and direct access to the major global financial futures exchanges (e.g., CME, SGX, Liffe, etc.). In addition, the company’s futures trading platform, POEMS Professional, provides customers with the ability to trade overseas currency and interest rate futures. Phillip Financials was founded in 2002 and is a member of the PhillipCapital group. The company is located in Tokyo, Japan.

About The PhillipCapital Group

PhillipCapital is an integrated financial services provider offering a full range of quality and innovative financial services to retail, corporate and institutional customers. The group’s members employ approximately 3000 staff in Asia and Europe and have total shareholders’ funds in excess of US$700 million. The Group holds customer funds in excess of US$8.5 billion and has over 500,000 customers worldwide. In Japan, member companies include PhillipCapital Japan, PhillipCapital Real Estate Japan, Phillip Financials, Phillip Futures (member of TOCOM) and Naruse Securities (member of TSE).

Contact:

Phillip Financials KK
Tel: +81-3-3595-3621
e-mail: info-pfkk@phillip.co.jp
URL: http://www.phillipfinancials.com

Phillip Financials announced that it has completed a capital increase of 100,000,000 Yen as of May 30, 2007 in order to further strengthen its financial foundation.

Total amount of shareholder capital: 450,000,000 Yen

Amount of capital increase: 100,000,000 Yen