MDM Group (MDDM)

[ProfitScout]

Bank of New York to Sponsor Harrington Group U.S. Listed ADR Program

SANTA CLARA, CA, Apr 18, 2005 (MARKET WIRE via COMTEX) -- MDM Group (OTC: MDDM) advises that Harrington Group Limited (ASX: HGR) today announced to the Australian Stock Exchange that it has appointed the Bank of New York as its Depository Bank and sponsor for the Company's Level I American Depositary Receipts (ADR) program in the United States.

Marshall Couper, the Harrington Group CEO, advised that as the Company has an international Homeland Security and Law Enforcement business focus, the establishment of a U.S. ADR program is intended to attract global coverage, interest and shareholders to the company. Further, that such a program would also give Harrington access to the world's largest and most dynamic capital market that could better position the development of its ShockRounds(TM) technology.

Harrington already receives many investor enquiries from the North American and European markets. The ADR Program is expected to encourage U.S. and foreign investment in Harrington Group shares through the U.S. over-the-counter (OTC) market, thereby expanding Harrington Group's international shareholder base and name recognition. The ADRs will make Harrington more available to U.S. and other international investors and will ensure liquidity in the stock for these investors.

ABOUT ADRs

ADRs are commonly used to facilitate trading by U.S. investors in companies listed on non U.S. exchanges. ADRs may trade freely, just like any other security, in the over-the-counter (OTC) market.

The Company's ADRs will be sponsored by the Bank of New York and traded in the U.S. OTC market. A sponsored Level I ADR program allows companies to enjoy the benefits of a publicly traded security in the U.S. without changing their home exchange reporting process. Harrington is a publicly traded fully reporting company in Australia.

U.S. brokers may deal either directly in Harrington Group Limited (ASX: HGR) or in the Company's ADRs following their establishment. Some U.S. investors, particularly certain domestic mutual funds, are constrained from investing directly in foreign securities and the ADRs will provide the opportunity to invest in ASX listed Harrington Group.

For those investors who currently own Harrington shares in an un-sponsored U.S. OTC market and who wish to convert their shares to ADRs, please contact your broker. Harrington Group will advise the market when the ADR program becomes effective which is expected in approximately 60 days.

Currently in the U.S. Harrington shares can still be traded by investors under symbol OTC:HGRLF.PK

MDM Group is a development stage Company focused on the Security, Biodefense and Homeland Security industries See: http://www.mdmgroupinc.com

For further information see: http://www.mdmgroupinc.com MDM Group is featured on www.Homelanddefensestocks.com a global investment research portal for defense and security.

Contact:
MDM Group, Inc.
Trevor Ruehs
866-894-3910
[e-mail]

SOURCE: MDM Group, Inc.


Copyright 2005 Market Wire, All rights reserved.

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SUBJECT CODE: Aerospace and Defense: Weapons
Government: Security (law enforcement, homeland etc)