Asmita Share & Stock Broker Pvt. Ltd, and Wakabayashi Fund LLC Announce Purchase of Shares of Common Stock in The Concorde Group, Inc. Private Placement

TOKYO, Dec. 10, 2009 (GLOBE NEWSWIRE) -- Asmita Share & Stock Broker Pvt. Ltd., Mumbai, India and Wakabayashi Fund LLC, Tokyo, Japan announce that they have closed their respective investments in the current USD10 Million private placement offering and are now shareholders of The Concorde Group Inc. (Frankfurt:CGT), a Delaware corporation, USA. Asmita and Wakabayashi are placing the balance of the Concorde equity offering in Asia.

Source: Wakabayashi Fund LLC/Asmita Share & Stock Broker Pvt Ltd./The Concorde Group, Inc.