Jeremy Almand

St. John’s Capital Group Adds Jeremy Almand
As Chief Investment Officer

SAN JOSE, Calif. Oct 12, 2006 — St. John’s Capital Group,
(www.stjohncapital.com), the premier venture capital and
real estate investment banking company, announced today
that Jeremy Almand has joined St. John’s Capital Group
as Chief Investment Officer. Mr. Almand will be responsible
for the strategic plan for St. John’s Capital Group’s
Investment Office including tactical asset allocation, risk
management, business development, budget authority,
new investment programs, staffing and back office
operations.

Mr. Almand joins St. John’s Capital Group from
Waterhouse Funding, Inc. where he served as President
for four years with the unique distinction of running the
business with profitability from its inception. His previous
company focused on distressed real estate investments
including mortgages, land, single-family and multi-unit
properties. Prior to that, Mr. Almand served as acting CFO
and member of the executive team of venture backed
NOCpulse which subsequently was acquired by Red Hat
(NASDAQ: RHAT). Mr. Almand is a Certified Public
Accountant (CPA) and has worked as an auditor for
PricewaterhouseCoopers LLP where he had a diverse
client base of private and public companies and was
involved in initial public offerings as well as mergers and
acquisitions.

"Jeremy Almand brings an impressive track record to St.
John’s Capital Group, and I am confident he will provide
the vision, leadership and execution to affirm sound
products to our investors," said Edwin Yeh, CEO of St.
John’s Capital Group. “His unique capabilities in
evaluating mortgage products, residential and commercial
properties help us to identify the intrinsic value of the
products and secure the margin of safety needed for our
investors. We are very pleased to add his talents to our
team.”

“The St. John’s Capital group has created a value-based
investment strategy with secured collateralization that
provides a high-yield return and is in a unique position in
which few can compete.” said Mr. Almand. “With the
company’s capability to access high quality deal flow in the
size of $100M to $500M in the U.S., as well as earn above-
market, high-yield returns with secured collateralization, I
can’t think of a more exciting time to join the company.”

About St. John’s Capital Group, Inc.

St. John’s Capital Group, the premier
financier of undervalued assets, provides
Silicon Valley styled venture capital to
visionary early stage real estate and
financing companies. The portfolio
companies of St. John’s Capital Group
typically apply Warren Buffet styled value-
oriented approaches to investing. The
current asset class investments of St. John’
s Capital Group include income producing
properties and deeply discounted
distressed mortgages. St. John’s Capital
Group was formed in 2006 as the umbrella
company of several private capital and
financing companies and funds who have
been providing its investors and
shareholders with high-yield and secured
returns since 2000.

Media Contact:
Josh Chen
St. John’s Capital Group
info@stjohncapital.com
408-715-7249 x712