ENGAGE CAPITAL ADDRESSES ANAHEIM CITY COUNCIL ON BEHALF OF GIGANTÉ USA LICENSE PROPOSAL

Commends Anaheim City Council for Overriding Planning Commission

NEWPORT BEACH, Calif., August 21, 2002 --- On August 20, Engage Capital addressed the Anaheim City Council on behalf of Giganté USA’s application for a liquor license. Despite the city admittedly never having rejected a grocery store for a liquor license, the city’s planning commission had recommended denying Giganté, a subsidiary of the major Mexican grocery chain, a license at the company’s landmark site in the Anaheim Plaza shopping center.

At the open session, Engage Capital’s President and CEO David Takata said to the city council, “The World is watching.” He reminded the officials that the economic impact of the city’s decision could have a significant effect on Anaheim’s status as a destination city. The council’s decision was covered by the major news networks, as well as The Wall Street Journal and other national newspapers.

Following a heated discussion, the city council overrode the Planning Commission’s recommendation and approved the license. Subsequently, Takata said, “We believe it took great courage for the city’s leadership to override the Planning Commission. We commend the Anaheim City Council for setting the record straight that Anaheim embraces cultural diversity and welcomes business to its fine city.”

About Engage Capital

Engage Capital, founded in 2002, is a diversified investment firm that specializes in unique research as a method of identifying and maximizing value for its clients. The company focuses on the impact of the rapidly changing demographics - particularly the aging Baby Boomer phenomenon and the growth of the minority population - in the United States. The firm’s Southern California headquarters positions the company well for these targeted investments.