Bermuda Stock Exchange as its primary stock exchange listing.

The exempted company, incorporated in Bermuda on March 30, 1995, will focus on company stocks and offer asset enhancement programmes to other publicly-traded corporations.

Mezzanine's corporate advisor in Bermuda is the law firm of Conyers Dill & Pearman.

"The Bermuda Stock Exchange is undergoing a transition and becoming recognised worldwide,'' said Mr. Mitchell Saltz, president of Mezzanine.

"We work with and invest in a number of Hong Kong companies and we believe they will be utilising the Bermuda exchange more,'' he said.

Managing directors of the company reside in Arizona and California.

Net assets of the company are currently about $10 million with a net asset value of $10 per share.

The company, with about 95 shareholders, "seeks to acquire equity positions which will enhance shareholder value and provide long term growth, while minimising cyclical effects and risk.'' Unlike mutual funds, closed-end funds fo not issue and redeem shares on a continuous basis.