New York Global Group Statement - Warning Against Corporate Identity Theft

NEW YORK, June 16, 2011 /PRNewswire/ -- James Baxter, Esq., General Counsel of New York Global Group, Inc. ("NYGG", website: www.nyggroup.com, address: 40 Wall Street, New York, New York 10005, USA) issued the following statement today warning against corporate identity theft which has been committed by unknown parties:

(Logo: http://photos.prnewswire.com/prnh/20100915/NY65608LOGO)

"We have become aware of a warning issued by Finansinspektionen (the Swedish Financial Supervisory Authority) warning investors against dealing with unauthorized firms, and referencing a fraudulent company which has used our corporate name. The Swedish press release cites a company called New York Global Group, with a fraudulent address of 14 Wall Street, Suite 1225, New York, NY 10005, and a misleading website of www.newyorkggi.com from which they are apparently misleading the public.

"NYGG has no affiliation with this organization, nor the individuals referenced on the site www.newyorkggi.com. We have reported this corporate identity theft, and fraud to the FBI and to the Swedish Financial Supervisory Authority, and intend to fully cooperate with domestic, and international authorities on this matter."

About New York Global Group, Inc. 

New York Global Group ("NYGG") is a leading middle market focused private equity firm specialized in China related projects. Based in Beijing China and on Wall Street in New York City, we work with a team of bilingual financial experts. We serve growth oriented private sector businesses as well as public companies listed on stock exchanges in Hong Kong, China and other international exchanges. Our staff speaks a combination of 7 different languages across two continents. Website: www.nyggroup.com

SOURCE New York Global Group, Inc.