Ramoil Management Ltd. Engages United Strategic Alliance LLC for Automotive Acquisitions

    LAS VEGAS--Aug. 1, 2001--Ramoil Management Ltd. (Pink Sheets:RAMO) announced today they signed an engagement contract with United Strategic Alliance LLC to further develop alliances with major investment bankers who as a consortium will provide initial capital of $167 million to be used in the acquisition of Pacific Dunlop Automotive Services.
    United Strategic Alliance has, under management, projects of $1 billion and is accustomed to working with overseas clients. They have been effective in real estate ventures as well as mergers and acquisitions.
    Chairman Gary Walters said that he has assembled the finest management team of American automotive professionals, who will work with their Australian counterparts to effect a global presence.

    Financial statements in this news release other than historical facts are "forward looking" statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, without limitation, the continued competition and dependence of third parties for financing.