Infinity Group Closes 200 Million RMB Joint Venture Fund with the Chengdu City, China

Infinity Group Also Signs MOU of General Cooperation with Chengdu Municipal Government

TEL AVIV, Israel, June 30, 2010 - Infinity Group, the leader in cross border Chinese-Israeli-North American
equity funds, announced today the establishment of a 200 million RMB joint
venture fund with Chengdu City, China. This marks Infinity's eighth joint
venture fund in China this year. The fund will focus on mutual projects in
clean tech, IT, agriculture, and technology incubators.

Also today, in a special ceremony in Tel Aviv, Infinity Group signed a
Memoradum of Understanding (MOU) of general cooperation with the Chengdu
Municipal Government. The MOU, a separate agreement from that of the JV,
covers various areas including business communication and investment
activities, finance, innovation and private equity as well as Chengdu's
technology incubator and park.

The ceremony was attended by Li Chuncheng, Party Secretary of Chengdu,
senior level officials and the management of the high tech park in Chengdu.
The event was hosted by Avi Fischer, Co-CEO of Clal Industries and
Investments and Deputy Chairman of the IDB Group and Amir Gal-Or, managing
partner of the Infinity Group and Infinity I-China.

"We are delighted to partner with IDB and Infinity and look forward to
great things to come," said Li Chuncheng.

"In March of this year, Infinity Group announced the creation of seven
joint venture (JV) private equity funds throughout China purposed to support
the growth of local Chinese businesses through the influx of proven
technology and knowhow. The MOU signed today as well as the new JV fund with
Chengdu further demonstrate Infinity's clear leadership in the areas of
innovation and strategic investment in China. These initiatives are also part
of Infinity's plan to expand to the west side of China, which has high future
potential. We are delighted to now too be associated with the fine people of
Chengdu and look forward to many years of exciting cooperation and joint
successes," said Gal-Or.

About Chengdu

Chengdu, the capital of Sichuan Province, has 9 districts, 4 cities and 6
counties under its jurisdiction. Chengdu is designated by the State Council
as the center for science & technology, trade & commerce, and finance, and as
the hub for telecommunications and transportation for Southwest China. It is
also listed by the State Council as among the well-known historic and
cultural cities in China, and is set as a pilot zone of comprehensive reform
for coordinated development of urban and rural areas.

About Infinity I-China

Infinity I-China, the largest China-Israel fund and the second
China-Israel fund of Infinity Group, was founded by Clal Industries and
Investments Ltd. from IDB Group, China Development Bank and CSVC. Infinity
Group currently manages more than US$700 million through nine funds, seven in
China. It has a portfolio of 45 companies and has made 20 successful exits.
Infinity I-China serves as a bridge for Chinese companies that want to
integrate technology and know-how to compete internationally and non-Chinese
companies, with proven technology, seeking to capitalize on the Chinese
market. Sectors of focus include: medical device, pharma and healthcare
services, information technology, agriculture, materials, as well as water
and clean technology and energy. Recent high profile activities include the
$5 million investment in United Water Corporation, the exit from Teledata
Networks that marked the fourth China rated exit, following those from
Shellcase, Nanomotion, and the partial exit from Digital China that produced
a 3x return in less than one year. In addition, in May 2010, Infinity
achieved a 2.6x return from its investment in agritech company FuturaGene,
upon its acquisition by Suzano in Brazil. Infinity has also assumed proactive
leadership of Power Paper, developer of micro-power, clean, printable power
sources. Infinity has offices in Tel Aviv, Hong Kong, Beijing, Shanghai,
Suzhou, Harbin, Shijiazhuang, Changzhou, Ningbo, Tianjin and New York. For
more information: www.infinity-equity.com or please contact Marjie
Hadad at marjie.hadad@infinity-equity.com or call +972-54-536-5220. For
Chinese language inquiries please contact Philip Chen at
philip.chen@infinity-equity.com.

For more information: www.infinity-equity.com or please contact Marjie Hadad at marjie.hadad at infinity-equity.com or call +972-54-536-5220. For Chinese language inquiries please contact Philip Chen at philip.chen at infinity-equity.com