Dialysis; Southern Trust Securities Completes Financing and Merger for Shanghai Medical

2008 MAY 21 - (NewsRx.com) -- Southern Trust Securities Holding Corp. (BULLETIN BOARD: SOHL) , a financial services holding company offering securities brokerage, investment banking, investment advisory and wealth management services, through its subsidiaries, announced that it has completed a series of transactions on behalf of Shanghai Medical Technology Co Ltd, a hemodialysis company organized under the laws of the People's Republic of China, and headquartered in Shanghai. As a result, Shanghai Medical has combined with Aamaxan Transport Group, Inc., in a transaction commonly called a "reverse merger," and is now publicly traded in the United States under the ticker symbol "AAXT" on the OTC Bulletin Board. A private financing in the amount of US$12.5 million was also closed concurrently with the merger. Belmont Partners, LLC, a Virginia-based international financial consulting firm, provided the shell public company for the reverse merger transaction (see also Dialysis).

Southern Trust President Kevin Fitzgerald commented, "Shanghai Medical is a major supplier of hemodialysis equipment, disposables and other kidney-related products to the enormous population around the Shanghai area. Their business plan envisions rapid expansion, including an intention to open hospital-connected and free-standing dialysis clinics. Clearly the burgeoning population and wealth of China creates opportunities for healthcare companies such as Shanghai Medical, and we are pleased to have been able to work with Belmont Partners on this assignment."

Belmont Partners CEO Joseph Meuse commented, "There are many Chinese companies who want to trade in the United States, which has the most vibrant capital market in the world. We have devoted a considerable amount of time and attention to learning how best to accommodate the Chinese corporate client and we are working to become leaders in providing the highest quality public vehicles to maximize their listing in the US. We believe the market vista for this type of service is virtually unlimited for many years to come. We particularly look forward to working with Kevin and Southern Trust, who bring considerable sophistication and experience to deal structure and financing."

The transaction will be reported in the consolidated interim financial reports of Southern Trust for the second quarter of 2008, ending June 30, 2008.

Wednesday 21st of May 2008