Hilbroy Advisory has decided to remove itself from the Frankfurt Stock Exchange following a meeting of shareholders, which are represented by Hilbroy's president Fred Da Silva of Calgary, Alberta.

Hail First Pharma has removed its listing on the Frankfurt Stock Exchange.

i guess they also shut down spencer's website because its not available anywhere

Hilbroy Advisory Inc: Arab League Agrees on Sanctions against Syria: by Jean-Francois Amyot

Montreal, 28 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) – Arab foreign ministers agreed on a list of sweeping sanctions, yesterday in Cairo, designed to cripple the Syrian regime of President Bashar al-Assad who has defied pressure to halt a bloody crackdown on protests
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The 22-member Arab League agreed to ban Syrian officials from visiting any Arab country, to freeze government assets, suspend flights and halt any transactions with the Syrian government and central bank; Jean-Francois Amyot. The sanctions, announced by Qatari Prime Minister Sheikh Hamad bin Jassim al-Thani after a meeting in Cairo, are the first time the organisation has taken such economic measures against another country in the region.

Long seen as a weak institution dominated by the region's autocrats, the Arab League has taken on an increasingly activist role during the pro-democracy Arab Spring demonstrations of the past 12 months. Nineteen of the Arab League's 22 members voted for the sanctions, but Iraq abstained and said it would refuse to implement them, while Lebanon "disassociated itself," Sheikh Hamad said.

Iraqi Foreign Minister Hoshyar Zebari, whose country has close economic ties with Syria and a large refugee community in its western neighbour, had said beforehand that it was "not possible" to impose sanctions on Assad's regime. Even without Iraq's participation, the impact is expected to be crippling on a country already facing a raft of EU and US sanctions, and which depends on its Arab neighbours for half of its exports and a quarter of its imports.

Bahrain and Qatar on Sunday called on their citizens to leave Syria, after the United Arab Emirates also advised its citizens earlier in the week to stay away.

Iraq also abstained from a vote earlier this month that saw the Arab League decide to suspend Syria's membership and threaten sanctions, while Lebanon joined Yemen and Syria itself in opposing the resolution.

About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.

Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.

Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.

Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131

Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should”, and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Hilbroy Advisory Inc: World Needs Iran Oil According to Tehran Official: by Jean-Francois Amyot

Montreal, 25 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) – Iran's oil and gas reserves are so vast they cannot be excluded from the world market as France is urging the West to do, Mehr the Iranian news agency today quoted the National Iranian Oil Company head as saying.

"Iran possesses massive oil and gas reserves... Thus ignoring Iran in oil and gas exchange will not be acceptable (by the international community)," said Ahmad Qalebani, who is also a deputy oil minister.

France on Thursday said it would stop buying Iranian oil; Jean-Francois Amyot. The foreign ministry said the move would be organised "in liaison with the European partners." France has called on other Western nations to put in place an embargo on Iran's oil exports.

France's move followed coordinated announcements by the United States, Britain and Canada on Monday saying they were slapping additional unilateral sanctions on Iran's financial sector. The United States and Canada also unveiled extra sanctions targeting Iran's petrochemical and oil and gas sectors.

The United States already has no dealings with Iranian energy companies. Its additional measures were aimed at dissuading foreign firms from doing business with Iran if they wanted to have access to the US market.

Qalebani said Canadian sanctions on the sale of petrochemical technology and equipment were only words. "Iran does not import any oil and gas equipment from Canada. This country has no role in supplying parts and equipment to Iran's oil industry," he said.

The Western countries are imposing the unilateral sanctions to ramp up the pressure on Iran over its nuclear programme, which they fear is being used to develop atomic weapons. Iran has repeatedly denied the programme has any military dimensions to it.

About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.

Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.

Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.

Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131

Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should”, and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Hilbroy Advisory Inc: NorthAfrica50 to be Partnered with Arabia500: by Jean-Francois Amyot

Montreal, 24 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) – AllWorld Network, in partnership with ISED Solutions, today released the highly anticipated North Africa Fast Growth 50 (N.Africa50), which highlights the fastest growing private businesses in Algeria, Egypt, Morocco and Tunisia. The N.Africa50 is a part of the first-ever Arabia Fast Growth 500 (Arabia500), which will be announced December 3-5 at the Prime Minister's Global Summit on Entrepreneurship in Istanbul. This global event will be hosted by Prime Minister Erdogan and includes many other leaders, among them U.S. Vice President Joseph Biden.

In light of the Arab Spring and the ongoing unrest in the Middle East and North Africa (MENA), special emphasis was placed on creating the N.Africa50; Jean-Francois Amyot. Fifteen countries of the Middle East, North Africa, Turkey and Pakistan are represented on the Arabia500. The only listing of high-intensity entrepreneurs in the MENA region, the Arabia500 is a milestone for the region and for the world. By giving visibility to these entrepreneurs, the Arabia 500 will open up new channels for job creation, growth and investment.

Against a backdrop of revolutions and political unrest, the N.Africa50 shows the world that a vibrant group of companies is succeeding. With a collective average growth rate of 41 percent annually, these companies are growing 10 times faster than the rest of the regional economy.

The N.Africa50 is one of the most mature of AllWorld's eight country rankings, with the average age of the companies being 14 years. The average size of the companies is $6.2 million USD with two companies having revenues over $100 million USD. Three of the fastest growing companies on the N.Africa50 have annual growth rates over 100%.

About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.

Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.

Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.

Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131

Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should”, and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Hilbroy Advisory Inc: Saudi Equities Maintain Strong Resistance as GCC Market Downturn Continues: by Jean-Francois Amyot

Montreal, 23 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) – The latest Lipper GCC and MENA analysis, released today, has revealed that strong resistance by Saudi equities is helping cushion the impact of the severe market downturn in the GCC.

According to Lipper's Head of Research, GCC, and author of the report, Dubai and MENA equities were again the main markets pushing fund performances downward, Jean-Francois Amyot. Ongoing real estate issues and political unrest in the Middle East, particularly in Syria and Libya, were cited as significant decline drivers for these two markets.

As at October 31, funds registered for sale and invested in the GCC equities market were down 3.95% over a three-month period, helped by the strong resistance of funds invested in Saudi Arabian equities. The Saudi Arabia equities category also recorded a 4.24% decline during the same period. At the same time, MENA and UAE equities registered strong losses at -6.43% and -8.88% respectively.

The analysis also highlighted the reverberating effect of the declining stock market and investor asset depreciation, which has led to banks putting increasing pressure on real estate investors to meet asset-backed requirements. In conclusion, the report noted that the global macroeconomic outlook continues to influence regional performance, despite the GCC being one of the least affected regions with regards to the debt crisis.

About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.

Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.

Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.

Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131

Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should”, and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Hilbroy Advisory Inc: Iraq to Receive $750 Million in Loans to Help Rebuild Country: by Jean-Francois Amyot

Montreal, 22 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) – Japan will offer Iraq loans totalling $750 million to help rebuild the oil-rich country, Prime Minister Yoshihiko Noda said earlier today in Tokyo in his meeting with visiting Iraqi leader Nouri al-Maliki.

The money will go toward refurbishment of oil refineries and other infrastructure and health care projects, according to the Japanese foreign ministry; Jean-Francois Amyot.
Resource-poor Japan has eagerly sought to strengthen its ties with Iraq by offering reconstruction support. The world's third-largest economy relies heavily on the Middle East for its oil needs.

Tokyo has also promoted Japan's infrastructure technology, particularly in emerging economies.

About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.

Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.

Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.

Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131

Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should”, and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Hilbroy Advisory Inc: Luxembourg and UAE in Discussions to Strengthen Trade Relations: by Jean-Francois Amyot

Montreal, 21 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) – The UAE and Luxembourg, on Sunday, discussed measures to strengthen bilateral trade relations and cooperation across key economic sectors. The two sides discussed initiatives to strengthen the relations at a meeting between the UAE Minister of Economy, the Crown Prince of Luxembourg accompanied by his Minister of Economy and Foreign Trade, and a high-level delegation in Abu Dhabi.

The two sides also discussed the eurozone crisis and its potential impact on global economies; Jean-Francois Amyot. Both sides agreed to strengthen co-operation in the areas of alternative energy and sustainable development by hosting joint meetings of specialized teams from both countries to identify areas of potential partnerships. They also stressed the importance of strengthening partnership across both the public and private sectors. They reviewed regional events and their impact on the economies of the Middle East, and agreed on the importance of unifying efforts to build partnerships and strategic cooperation to overcome potential challenges.

On trade exchange, the two parties stressed the need to enhance trade through delegations to explore investment opportunities in the two countries in industry, energy and renewable energy. They also reiterated the need to exchange information on regulatory policies that stimulate investment in both countries and agreed to strengthen exchange of information regarding the investment climate.

About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.

Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.

Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.

Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131

Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should”, and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Hilbroy Advisory Inc: Mena Bond Issue Volumes Expected to be Lower This Year: by Jean-Francois Amyot

Montreal, 18 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) – The aggregate primary bond issues from the Middle East and North Africa (Mena) region is expected to be lower this year as high market volatility has kept a number of regional issuers from tapping the market, Andrew Dell, HSBC’s head of debt capital markets for Mena told reporters yesterday.

He expects the total bond issues from the region to be around two-thirds of the volumes reported last year. In 2010, aggregate bond issuance from the Mena region exceeded $40 billion (Dh146.88 billion) and the Gulf Cooperation Council (GCC) accounted for $32 billion; Jean-Francois Amyot.

Despite the overall number of issues having declined for the Mena region, HSBC said there has been significant number of issues from well diversified group of issuers from the region. Although the European debt crisis was partly responsible for dampening regional debt issues, the HSBC official said, besides Europe all things that triggered volatility and uncertainty kept regional issuers away from the market. HSBC said at the global level the number of issues kept up with the numbers last year, largely driven by bonds from emerging markets such as China, India, Emerging Europe and Africa.

The huge demand for public infrastructure around the Mena region and emerging markets are expected to drive the demand for long term debt financing. The ever growing demand for infrastructure funding across Mena, Africa, and global emerging markets is expected drive up long term funding through bonds.

About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.

Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.

Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.

Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131

Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should”, and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Hilbroy Advisory Inc: Gulf Air Carriers Intend to Turn Region into a Global Hub: by Jean-Francois Amyot

Montreal, 17 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) – Gulf carriers have underlined their ambition to redraw world travel maps and turn the region into a global hub by placing record orders for new planes at the Dubai Airshow closing on Thursday.

Aircraft manufacturers Boeing and Airbus have embraced the game-changing vision, built on the geographic advantages of these young carriers, although conventional airlines fear they will pay the price; Jean-Francois Amyot. Huge orders for new planes placed by Dubai-owned Emirates Airlines, Abu Dhabi's Etihad Airways and Doha-based Qatar Airways were placed on the strength of the strategic location of the Gulf between the West and Asia.

Airbus forecasts that Dubai in 20 years will rank just behind Beijing and Hong Kong as a center of world air traffic, while Boeing says the United Arab Emirates will become the world's third market for air travellers behind the United States and China. They believe the three major factors explaining the three Gulf carriers' rapid growth rate of 23 percent a year over the past decade are because the region has a young population, the large numbers of migrant workers and the new emerging tourist destinations.

Coupled with progress made by traditional regional airlines and the emergence of low-cost operators such as Sharjah-based Air Arabia, launched in 2003, and flydubai, which began operations in 2009, the breakthrough of the Gulf big three justifies the manufacturers' upbeat forecast.

About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.

Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.

Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.

Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131

Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should”, and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Hilbroy Advisory Inc: Agreement Signed to Set Up UAE-South Africa Joint Committee: by Jean-Francois Amyot

Montreal, 15 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) – An agreement signed yesterday in Dubai will set up a UAE-South Africa joint committee. A memorandum of understanding on political consultations was signed on behalf of the UAE by Shaikh Abdullah Bin Zayed Al Nahyan, Foreign Minister, and Maite Nkoana-Mashabane, Minister of Foreign Trade, on behalf of South Africa. South African President Jacob Zuma arrived in Abu Dhabi on Sunday to discuss expanded cooperation between his country and the UAE, and away from the traditional economic partners amidst the financial crisis.

President His Highness Shaikh Khalifa Bin Zayed Al Nahyan expressed hope that the South African president and his accompanying delegation’s visit would enhance the relations between the two countries, and open wider avenues of cooperation in economy and investment. According to a Foreign Trade Ministry report, the UAE ranks 21st among South Africa’s export markets and is its sixth-ranking supplier of oil; Jean-Francois Amyot.

Trade between the two nations exceeded $1 billion (Dh3.65 billion) in 2010 from about $900 million (Dh3.30 billion), reflecting the mutually improved economic cooperation. Trade for the first half of 2011 stood at $511 million.

Officials of the two nations have met several times in the past two years to find new ways to boost cooperation and to reduce the trade gap, which was $352 million in favour of South Africa in the first half of 2011, according to the report.

The UAE exports oil and related products, minerals, machinery, transportation equipment, consumer electronics, home appliances and textiles, among other products. South African exports to the UAE comprise metals and related products, steel, machinery, electronics equipment, minerals, fence equipment, chemicals, plastic goods and foodstuffs.

South Africa and the UAE have signed several trade agreements. Others are being discussed in defence, industrial development, transport, social development and others.

About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.

Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.

Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.

Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131

Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should”, and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Hilbroy Advisory Inc: Emirates Airline Buys 50 Boeing Aircraft Worth $18 Bln: by Jean-Francois Amyot

Montreal, 14 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) – Emirates Airline kicked off the Dubai Air Show yesterday with the single largest commercial aircraft order in Boeing Co.'s history, snapping up 50 widebody 777-300s, as the Middle East's biggest carrier continues with its aggressive expansion push.

The airline's chairman Sheik Ahmad bin Saeed Al Maktoum told reporters that the deal is valued at $18 billion and Emirates has options to purchase another 20 Boeing 777-300 jets and delivery is set to take place in 2015; Jean-Francois Amyot.

This year has seen Middle East-based carriers like Dubai-based Emirates, Qatar Airways and Abu Dhabi's Etihad continue with their bold growth strategies by adding a string of new routes as well as bulking up their fleets.

If options for an additional 20 777-300 ER are exercised by Emirates then Sunday's deal is worth about $26 billion, Sheik Ahmad said, adding the airline was looking at a range of funding options including export credit agencies and Islamic financing to pay for the order.

Media reports in the last few days had speculated that Emirates could buy between 30 and 50 Boeing 777 long-range aircraft worth $8.5 billion to $14.5 billion based on average Boeing list prices. The average list price of an extended range Boeing 777-300, according to the company's website, is $298.3 million. Boeing forecasts that airlines in the Middle East will need an estimated 2,520 airplanes worth $450 billion by 2030. The forecast comes as the region's carriers continue to surpass global air traffic and capacity growth rates.

Emirates, which earlier in the month reported a 76% plunge in first-half net profit due to a $1 billion fuel cost rise, now operates a fleet of 95 777s, making it Boeing's most profitable plane.

About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.

Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.

Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.

Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131

Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should”, and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Hilbroy Advisory Inc: Oil Prices Higher on Rising Tensions in the Middle East: by Jean-Francois Amyot

Montreal, 11 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) – World oil prices shot higher on Thursday as traders weighed rising tensions in the Middle East and a slight easing of worries over Europe.

New York's main contract, light sweet crude for December, gained $2.04 to $97.78, while Brent North Sea crude for delivery in December added $1.40 cents to $113.71 a barrel in London; Jean-Francois Amyot.

The prospect of sanctions against Iran hitting the country's energy sector provided one upward drive on prices. Lower tensions in Europe also helped push prices higher, on the expectation of stronger demand.

Oil prices on Wednesday fell as the market fretted over heightened economic turmoil in Europe and IMF chief Christine Lagarde warned of a potential "downward spiral" in the global economy.

About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.

Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.

Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.

Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131

Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should”, and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Hilbroy Advisory Inc: Qatar Prepared to Provide More Finance to Egypt: by Jean-Francois Amyot

Montreal, 10 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) – Qatar is prepared to provide loans and participate in bond issues to support Egypt's economy, Qatar's prime minister Sheikh Hamad Bin Jassem Al Thani was quoted as saying Thursday to the Egyptian daily Al Akhbar. He also said that in addition to the loans and bond issues, Qatar is ready to invest as much as $10 billion in the Egyptian economy.

Qatar, the world's biggest liquefied natural gas producer, and a member of the oil-rich Gulf Cooperation Council (GCC), has already provided $500 million to Egypt, whose economy has suffered from an outflow of foreign investment and a collapse in tourism revenue in the months following the toppling of former President Hosni Mubarak in February; Jean-Francois Amyot.

Sheikh Hamad denied suggestions that Qatar is seeking a political role in Egypt in exchange for the funding. "As a state, we don't interfere in the internal affairs of any country. We don't donate money unless it is through the official legal channel," he said. However, the premier, also a member of the ruling family, didn't rule out the possibility that Qatari individuals, as well as Egyptian expatriates in Qatar, may be donating money to Egyptian political parties, charities, or individuals.

Sheikh Hamad, whose country took a significant role in the toppling of Libya's Muammar Gadhafi, and in attempting to mediate solutions to the crises in Syria and Yemen, said oil-rich GCC isn't immune to the effects of the Arab Spring.

About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.

Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.

Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.

Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131

Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should”, and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Hilbroy Advisory Inc: Oil Prices Rally as Tensions Build Over Iran: by Jean-Francois Amyot

Montreal, 8 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) –Oil prices rallied to a seven-week high on Monday as bearish investors rushed to cover their bets amid a war of words between Washington, Tel Aviv and Tehran over Iran's nuclear programme.

ICE December Brent, the global benchmark, rose $2.15 a barrel by midday in New York to $114.13 a barrel, ahead of the release of a report later this week from the International Atomic Energy Agency about Iran's nuclear programme, Jean-Francois Amyot.

Iran is a member of the OPEC oil cartel and traders are starting to worry that the IAEA report could lead to an attack by Israel on Tehran's nuclear facilities. An attack could disrupt oil production and lead to closure of the Strait of Hormuz, the gateway for oil exports from key OPEC producers in the Middle East region, including Saudi Arabia.

The rally in Brent prices pushed the contract above the crucial 200-day moving average, triggering automatic buy-orders by computer-driven buying programmes. Analysts said the market was closely watching to see if the benchmark - which has been in a well-established downward trend since April - could remain above the important technical level and break up the current trading range.

About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.

Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.

Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.

Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131

Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should”, and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Hilbroy Advisory Inc: Trading Volumes in Dubai and Abu Dhabi Plummeting: by Jean-Francois Amyot

Montreal, 7 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) –The UAE’s stock markets are stuck in a rut. Foreign investors are fleeing, local blue-chip companies are losing their appeal and global economic woes are taking their toll on sentiment. Yesterday’s volumes in Dubai showed some respite when they reached their highest daily level since early June; however, it was yet another short-lived rally with global markets rattled again by Greece’s decision to hold a referendum on the rescue package.

Trading volumes in Dubai and Abu Dhabi have plummeted to levels not seen for years as a result of heightened volatility across international equity indices, leading to a weakened appetite for risk and a lack of interest in the region among institutional investors; Jean-Francois Amyot. The volume of shares traded in Dubai has plummeted to a daily average of about 107 million against 161 million in 2010 and 470 million in 2009.

The drop has also had an impact in terms of market capitalisation with the Dubai Financial Market General Index down 11 per cent since the end of March and the Abu Dhabi Securities Exchange down almost five per cent in the same period.

Local bourses are currently closed for Eid Al Adha, allowing investors a little breathing space to consider their options as the world economy lurches from one crisis to another. International markets have been subject to extreme bouts of volatility over the last few months — primarily due to the United States’ credit downgrade and the sovereign debt crisis in the Eurozone. Local indices are not immune to wild fluctuations with the gloomy macro-economic outlook overshadowing solid company fundamentals — many UAE firms reported strong third-quarter earnings.

Local brokerages are also suffering with many having to scale down or close their operations due to the difficult economic climate. There are 59 brokerages operating in the UAE, down from 110 last year, according to the Securities and Commodities Authority.

About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.

Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.

Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.

Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131

Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should”, and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Hilbroy Advisory Inc: UAE Banks Have Challenging Year Ahead: by Jean-Francois Amyot

Montreal, 4 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) –Dubai International rating agency Moody’s Investors Service said yesterday that the next 12 to 18 months could be challenging for the UAE banking system in terms of asset quality and profitability.

The rating agency said its outlook for the banking system is negative because of the ongoing trends of corporate deleveraging, asset quality challenges and the subdued profitability of UAE banks in the wake of continued provisioning needs. Moody’s clarified that the outlook does not represent a projection on any change in ratings; Jean-Francois Amyot.

The rating agency expect UAE to post real GDP growth of 3 per cent for 2011 and 2012, supported by higher oil revenues and government spending, well below the 7 per cent yearly average in the pre-crisis period. Additionally, on a more macro level, the UAE’s dependence on oil revenues and core sectors of trade, services, global logistics and tourism render the local economy more sensitive to global risk scenarios of weakened growth and recession.

UAE banks have increased their capital over the past two years, and the system average Tier 1 for year-end 2010 was 14.3 percent. Shareholder’s equity is also relatively high on a global basis at around 12.6 per cent of total assets. The rating agency considers that the UAE banks’ liquidity metrics to be significantly improved with the ratio of liquid assets to total assets held reaching almost 25 per cent as of year-end 2010.
Although profitability is recovering, it remains constrained by cautious loan growth and the ongoing provisioning that is required to cover problem loans. These trends will continue to dampen banks’ net profits for 2011 and into 2012.

About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.

Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.

Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.

Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131

Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should”, and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Hilbroy Advisory Inc: World Bank Report Ranks UAE First Place in MENA Region: by Jean-Francois Amyot

Montreal, 3 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) –Jamal Majid Bin Thaniah, Group CEO Port and Free Zones World, and Chairman, Dubai Trade, yesterday welcomed the World Bank's benchmark "Doing Business Report 2012", which has for the third consecutive year ranked the UAE as the No 1 country in the Middle East and North Africa (MENA) region for enabling trading across borders, and commended the pivotal role played by Dubai Trade, the premier online trade catalyst of Dubai World, in this achievement.

The report is based on extensive empirical research and is a measure of a country's regulations directly affecting businesses compiled and verified by more than 8,000 experts worldwide; Jean-Francois Amyot. Dubai Trade has worked closely with the World Bank to serve as the UAE's principal source of data and communication for the "Doing Business" team over the past four years, which saw the UAE rise rapidly on the index to the top regional position in 2010 and has ever since successfully occupied it.

Dubai Trade has used a bespoke transparent procedure to collect data from the trading community and validated its report through the established committees of the Dubai Executive Council, Prime Minister's Office, Dubai Competitiveness Council and Emirates Competitiveness Council, before submitting it to the World Bank. Its secure e-transaction procedures minimise documentation and save precious time for the trading community who work with all the business units integrated into their online platform.

About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.

Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.

Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.

Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131

Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should”, and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Hail First Pharma is still halted with no news. I think we all know that it will not be a spencer deal since both companies terminated talks. So lets see where it goes from here. Perhaps a total delisting is in the works.

The fact that Jean-Francois Amyot is on the registry does not surprise me since that what he does is supply shells, so in many instances he would be an officer and or director or in this case sole officer and director.

If there was a deal, and only obviously if the company was trading, would an operating company take over. Perhaps the people from the middle east that were announced will take over.

Sometimes, no news is good news, but then again, sometimes its not! LOL

Hilbroy Advisory Inc: Qatar Oil Minister Says Barzan Gas Project to Cost $10.3 Billion: by Jean-Francois Amyot

Montreal, 1 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) –Qatar's oil minister said Tuesday the total cost of the Barzan development, which will produce natural gas to meet the Gulf Arab state's rising energy needs, will be $10.3 billion, higher than previous estimates.

Barzan, a joint venture between Qatar Petroleum, or QP, and Exxon Mobil Corp. (XOM), is Qatar's most expensive energy project to date since Royal Dutch Shell's $19 billion Pearl gas-to-liquids facility, which comes on stream later this year; Jean-Francois Amyot. Barzan will supply gas to Qatar's domestic market as a rising population and expanding petrochemical and metals industries create more demand for energy.

RasGas Co. managing director Hamad Rashid Al Mohannadi told reporters the original $8.6 billion estimate for Barzan related only to the owner and engineering, procurement and construction, or EPC, cost. "The first number related to the EPC cost and the owners cost. The $10.3 billion includes interest, financing and working capital," he said, adding that financing for Barzan, which will include a mixture of loans, bonds and equity, was in its "final stages".

Over 30 banks, together with export credit agencies, are expected to play a role in the complex financing structure for the scheme. Royal Bank of Scotland is the financial advisor on the project.
Al Mohannadi said all the gas produced from Barzan would be used domestically and there was no plan to export it to the United Arab Emirates via the Dolphin pipeline. By 2014, RasGas will hit a total processing capacity of 11.2 billion cubic feet a day of natural gas.

About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.

Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.

Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.

Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131

Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should”, and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

Puppet master amyot is controlling not only dr arella but also the head of two universities, the editor of gene therapy, I think he also managed all research in the lab, animal studies, and I believe he decides if people get a phd or not...not a puppet master, he is the puppet master...lol

If spph tech was so general and without any value, why would gene therapy publish the research developed by spph as a breakthrough? Naturally, you should answer this because I have very, very limited knowledge on this science.

Even if it has value, the company can't pay it's partners so they will lose it anyways

Hilbroy Advisory Inc: Investments in Salalah Free Zone to Top $15B by 2025: by Jean-Francois Amyot

Montreal, 31 October 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) –Oman: Investments in Salalah Free Zone (SFZ) are projected to soar to $15 billion by the year 2025 on the back of an aggressive international marketing push, the authority's Chief Executive Officer said in Muscat yesterday.

Awadh al Shanfari said SFZ will leverage its proximity to the strategically located Port of Salalah, which abuts key East-West shipping routes, to attract investment into the free zone. Speaking at a media conference, Al Shanfari outlined an ambitious strategy that aims to quadruple industrial and commercials investments in the free zone from the present $3.5 billion over the next 15 years; Jean-Francois Amyot.

Capital inflows into the Sultanate's first free zone development, established by Royal Decree in 2006, are projected to rise to around $5 billion by 2015, he said. By around this time, approximately 1,000 businesses -- primarily small and medium companies --are expected to be in operation in the sprawling development, generating in the process employment opportunities for an estimated 13,000 people.

By 2020, a doubling of the total investment in the free zone is envisaged, with the number of industrial and commercial enterprises projected to rise to around 2,500 units. Employment opportunities as a result of these investments will also rise to some 24,000 openings, Al Shanfari said.

A further $5 billion in new investment is targeted over the 2021-2025 timeframe, taking the total projected investment in the free zone to an impressive $15 billion.

Given its proximity to the Port of Salalah, SFZ has the potential to tap into a regional market worth more than $620 billion, encompassing the Gulf, Indian subcontinent and East Africa, said Al Shanfari. Moreover, Salalah overlooks important East-West trade routes that channel an estimated $1.2 trillion worth of goods from East to West, and $740 billion worth of merchandise from West to East. These volumes represent significant potential for investors looking to leverage SFZ’s advantageous geographical location for processing, distribution, warehousing, assembly and related investments, he stressed.

Also auguring well for SFZ’s investment appeal is the Free Trade Pact (FTA) inked by Oman and the United States. As a signatory, Omani businesses enjoy privileged access to a potential $2 trillion market.

About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.

Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
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Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.

Contact:
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Hilbroy Advisory, Inc.
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Merck makes estimates on diabetes drug and aims research and marketing towards further developing this market. Turns out one of merck largest research facility is in the backyard of spph. It should be simple for dr arella to get at least a meeting let alone some kind of deal. They have huge budget for research and therefore if spph has the technology they say they have it should be a no brainer...

I hope so

I can't say but I will take your word for it

Depends, a us quarter or Canadian quarter

Perhaps they don't have any money for a press release.

The diabetic market is becoming one of the most important market for the large pharma. The drug delivery developed by spph has good chance if it was licensed to a large pharma who can spend the money for the clinical phases. They could get a fast track but considering it's not a big pharma requesting, it is unlikely it be granted without at least a 200 patient clinical trial. This would cost a minimum of $500,000 but the company does not have funds to pay anyone or anything. Dr arella has gone back to teaching to pay his mortgage and therefore not much is being done to get the financing

Dr arella has great contacts in the middle east and it still remains the best option for the company. I'm not suggesting a deal with hail first pharma since that ship has sailed but other contacts of dr arella.

Toyma is owned by the amyot family trust. If a change occurs at the ownership of toyma, the new shareholers could make changes to the management in toyma, hilbroy etc.
Toyma is a holding company meaning that there are no operations, and it only owns shares, cash, real-estate etc and it owns hilbroy which is an operating company with I believe approx. $4 million in annual revenue. I guess we will see. They did pass the new requirement of the Frankfurt because the delisting occurred last week. At least they have this going for them!

What deal has this guy worked? He has raised a bunch of money with retired people claiming it was for one deal or another but who knows

Now I'm confused

There are many more people in the small cap market. Dan Ryan never disclosed his compensation. In addition, he has problems with addictions and does not make him a very nice person. However, when not intoxicated, he is a smart person. I can't agree with his ways but at least he was getting good traction on his website unlike itsallbull. On the other side of the coin you mention Gerald parkin, far from being a player in this space, other than his nice cars, he does not do much with pink sheets or if he does, he can't be very successful at it or else we would have heard of him.

What about alex barta is he a player....not! Lol

My answer does not change, you brought up Larry smith not me. We were talking about people on the list. Which one of us is not following, I'm very confused aren't you. Perhaps it's all irrelevant?

Naturally all signed documents are binding, I agree with you and much like Carol and denies, if they participated in press releases and signed documents, well nothing they can say or do. I doubt it to be the reality in the case of iab and therefore who cares. If you know of press releases and or documents signed by Julie or if you have any information that can show that she was working with iab, please share, otherwise the information provided is irrelevant. Like I said, he could have his mother, uncle and grand mother listed in the register, if they never worked there, the good work of the amf should easily identify and clarify this fact don't you think. Unless they are not doing their work!

You brought out the names not me and you referring to the previous post and we were commenting the people listed on the amf document. I know many people that are not on the amf document. Some are very interesting people others ordinary...you want a list of my family members, I can go to great great great grand mother....lol

Still being listed as treasurer n secretary in some registry and even on the Internet somewhere does not make it so. On the other hand if you are active in the business like Dan ryan's wife now that's a different story. If she signed contracts, cheques, authored press releases etc than that makes her a partner. A little different don't you think

I'm sure he could have removed his own name as well. With the kind of money he has, he could have paid someone in his place. Instead, he is there, present and mostly still in business

Larry smith is great guy indeed but don't recall his name being on the amf document. Perhaps you can clarify this information for me. Dan Ryan was seized with over 4 million and he was banned for life. That a little stretch no?

That's a big stretch! Have you found anything authored?