Corniche Group Incorporated Announces Execution of Letter of Intent For Potential Merger Transaction

    EULESS, Texas, Aug. 24 Corniche Group Incorporated
(OTC Bulletin Board: CNGI) today announced that it had executed a Letter of
Intent with StrandTek International, Inc. ("StrandTek") to acquire in a stock
for stock merger transaction, all of the issued and outstanding equity
interests of StrandTek.
    StrandTek is a high-tech manufacturer with proprietary technology
producing melt-blown polypropylene for acoustical and thermal insulation
applications.  The StrandTek product is a replacement for fiberglass and
cotton shoddy, at lower cost.  It is produced from virgin or recycled
polypropylene or a combination of both.  The product is currently being used
in the automotive and appliance industries by Fortune 500 companies.  In
addition, StrandTek is actively pursuing other markets for its product
including house building, furniture manufacture, and aircraft manufacture.
    Negotiations are at an early stage and the transaction is subject to
satisfactory due diligence by CNGI and StrandTek and a number of other
financial, legal and business conditions.  There can be no assurance given at
this time that all of the conditions can be met or that a transaction can be
consummated.
    No further details are available at this time.
    "Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995:  To the extent that this news release makes statements about the
future, such statements are forward looking and subject to a number of risks
and uncertainties, including, but not limited to, the impact of competitive
products, product demand and market acceptance risks, reliance on key
strategic alliances, fluctuations in operating results and other risks
detailed from time to time in the Company's filings with the Securities and
Exchange Commission.  These risks could cause the Company's actual results for
the current fiscal year and beyond to differ materially from those expressed
in any forward looking statements made by, or on behalf of, the Company.

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