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News Release

WARNING - QUANTUM'S ADVANCE INVESTMENT PORTFOLIO

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People should seek expert advice before paying money to the Quantum Executive Corporation's Advance investment portfolio.

An advertisement for investments in the Advance portfolio has been banned by the Securities Commission.

Quantum claims to be promoting international investments with tax free returns and high interest rates.

People are invited to pay a minimum of $US2000 to join a "pooling trust" which is said to invest in instruments issued by "top world banks". These are promoted as secure, low risk investments.

Quantum claims to guarantee returns of 100% per year on the principal invested.

Quantum Executive Corporation is operated from St Johns, Antigua, West Indies, however the advertisement and background information for the Advance investment portfolio are being promoted in New Zealand.

The Commission has formed the opinion that this scheme is offering securities to the public and in doing so has not complied with the Securities Act 1978. The Act requires the scheme to have a registered prospectus, to make its offer to the public in an investment statement, or an advertisement which refers to the investment statement, and to have appointed a trustee or statutory supervisor to represent the interests of investors.

The Commission is acting under the authority of section 38B of the Securities Act 1978 in prohibiting the advertisement.

Norman F. Miller
Senior Executive (Operations)

Contact:
Catherine Chapman, Communications Officer, 04 472 9833 ext 840

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