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AAQ.P Pacific Orient Capital

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Share Name Share Symbol Market Type
Pacific Orient Capital TSXV:AAQ.P TSX Venture Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Pacific Orient Announces Change in Management and Share Transfers

20/01/2012 8:48pm

Marketwired Canada


Pacific Orient Capital Inc. ("Pacific Orient") (TSX VENTURE:AAQ.P) announces its
intention to change its management team and for the current management to
transfer their 1,000,000 escrowed shares to a new management. The management
change and share transfer is subject to the approval of the TSX Venture Exchange
(the "Exchange") and written consent from shareholders holding more than 50% of
the shares of Pacific Orient.


The departing management team (including the number of shares being transferred
and percentage ownership) of Pacific Orient is: Francis Mak (President, CEO &
Director) 400,000 (8%), Daniel Donn (Director) 50,000 (1%), Bruce Reilly (CFO &
Director) 50,000 (1%), Mark Borden (Corporate Secretary) 50,000 (1%) and Dr.
William Gannon (Director) 450,000 (9%).


The foregoing individuals will resign and will transfer their shares at $0.10
per share to the following new management (including their shareholdings and
percentage ownership) team:


Martin Bernholtz (CEO, CFO & Director) 185,000 (3.7%)

Mr. Bernholtz, BBA, CA became a Chartered Accountant in 1983 and has held the
position of Chief Financial Officer of Kerbel Group Inc. an integrated real
estate developer and property owner since 1988. He has served as a director and
officer of several public, private, not for profit and condominium corporations
over the last 25 years. Mr. Bernholtz previously spent six years with Laventhol
& Horwath in the Litigation Support and Business Valuation areas. Mr. Bernholtz
graduated with a Bachelor of Business Administration degree from York University
in 1981.


Myra Bongard (Director) 480,000 (9.6%)

Ms. Bongard obtained her Real Estate, Sales Representative Diploma from Seneca
College in 1985. Ms. Bongard has been a Sales Representative at Right At Home
since October 2009. She was a Sales Representative at Keller Williams from
December 2006 to September 2009 and at Century21 Heritage from January 1985 to
November 2005. Ms. Bongard served on the board of directors of Berkshire
Griffin, which completed a reverse take-over with China Wind Power International
Corp. in August 2009, and of Ribbon Capital, which completed a reverse take-over
with SelectCore Ltd. in December 2006. Ms. Bongard currently serves on the board
of directors of two unlisted reporting issuers (Compel Capital Inc. and Aspen
Manufacturing Industries Inc.).


Aaron Rotenberg (Secretary & Director) 150,000 (3%)

Mr. Rotenberg obtained his Bachelor of Arts from McGill University in 2001 and
his Master of Business Administration from the University of Miami in 2003. Mr.
Rotenberg has been the President of Ibis Capital Corporation since February
2006. He was the Director of Equity Investments of Firm Capital from June 2005
to February 2006, and an Account Manager of TD Bank from February 2005 to June
2005. From 2003 to 2005 he was an associate at Sterling Centrecorp.


David Bernholtz (Director) 185,000 (3.7%)

Mr. Bernholtz obtained his Creative Advertising Diploma from Seneca College in
2006 and his General Arts and Science Diploma from Seneca Collage in 2008. Mr.
Bernholtz was the Project Manager of Links Corporation from February 2009 to
September 2011.


About Pacific Orient Capital Inc.

Pacific Orient, a capital pool company within the meaning of the policies of the
Exchange, was incorporated October 19, 2009 and was listed on the Exchange on
March 25, 2010. Pacific Orient does not have any operations and has no assets
other than cash. Pacific Orient's business is to identify and evaluate
businesses and assets with a view to completing a qualifying transaction under
the policies of the Exchange.


The information in this news release includes certain information and statements
about management's view of future events, expectations, plans and prospects that
constitute forward looking statements. These statements are based upon
assumptions that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of factors, the
actual results, expectations, achievements or performance may differ materially
from those anticipated and indicated by these forward looking statements.
Although Pacific Orient believes that the expectations reflected in forward
looking statements are reasonable, it can give no assurances that the
expectations of any forward looking statements will prove to be correct. Except
as required by law, Pacific Orient disclaims any intention and assumes no
obligation to update or revise any forward looking statements to reflect actual
results, whether as a result of new information, future events, changes in
assumptions, changes in factors affecting such forward looking statements or
otherwise.


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