1. LEADER :

• A market leader in a high growth industry in a favorable market environment

2. OPERATOR :

• Managed by Company founders and industry experts, not capital markets personnel
• Founders/management must own majority of the Company

3. PROFITABLE :

• Minimum US$2 million in recent year net income (U.S. or International GAAP audited)
• Net income margins of at least 15%. Strong balance sheet, no long-term debt

4. GROWTH :

• Significant net income growth in the last two years
• Anticipate continued high organic earnings growth in the next two years without significant shareholder    dilution

5. OWNERSHIP :

• Company must own 100% of the underlying business and related assets
• REJECT revenue recognition through VIE structure or "management contracts"

6. QUALITY :

• Must exceed listing standards on a stock exchange

7. COMMITMENT :

• All Company insiders must sign share lock-up agreements
• Restrict personal share sales to the general public for minimum 3 years from the date of Company's    initial listing on a stock exchange

8. GOVERNANCE :

• Strong corporate governance, strict compliance with all laws and regulations
• Quality legal representation and quality independent audit firm audits

9. COMMUNICATION :

• Management team must have strong English communications skills
• Regular participation in deal or non-deal road shows through quality investment banks

10. SIMPLICITY :

• Simple capital structure-no "poison" financings or "earnings make good" provisions