CI Sell Cars, Inc.: Strategy Insurance Announces Credit Enhancement Of Korean Real Estate Project

TORONTO--Aug. 1, 20042, 2004--CI SELL CARS, INC. (OTCBB:CISL), through its wholly-owned subsidiary, Strategy Insurance Limited ("Strategy"), a provider of specialty lines of insurance, reinsurance and structured risk assessment focusing on credit risk and credit enhancement, announced today that it has signed an agreement to reinsure a Korean Direct Insurer on a major commercial real estate development project in the fashionable area of Busan in South Korea. This deal will result in an immediate, fully-paid premium of $400,000 (US) for Strategy.

The Busan development is a 52,620 square meter multiple occupancy commercial and residential site with an expected allotted sales value of $92.2 million (US). Busan is Korea's second largest city and is an industrial port home to some of its largest corporations.

One of Korea's leading financial institutions has agreed to fund the construction project. Strategy's insurance will act as a credit enhancement for the developer, allowing it to not only secure the necessary construction financing, but to also obtain the financing at a more favorable interest rate. Under the terms of the agreement, Strategy will provide a guarantee that the developer will sell in excess of 70 percent of the allotted sales value within six months of completion of the project.

Commenting on the deal, Stephen Stonhill, chief executive officer of Strategy Insurance, commented, "This is the first piece of business that Strategy has publicly announced since its formation. We currently have a balance sheet with more than $100 million of net capital which gives us the wherewithal to write insurance that would result in over $200 million of premium income for Strategy. We have a significant pipeline of business that has been quoted and we expect to be in a position to announce additional insurance underwritings, validating the successful execution of our operating strategy, in the very near future."

About Strategy Insurance Limited

Strategy Holding Company, Limited ("Strategy"), through its subsidiary Strategy Insurance Limited, is a provider of specialty lines of insurance, reinsurance and risk assessment, focusing on credit risk and credit enhancement. Strategy conducts its insurance and reinsurance operations principally through its subsidiary incorporated in Barbados, West Indies. Strategy has offices in Barbados, London and Toronto.

Forward-Looking Statement

Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "Forward Looking Statements" for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward Looking Statements may be identified by words including "anticipate", "await", envision", "foresee", "aim at", "believe", "intends", estimates" including without limitation, those relating to the Company's future business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the Forward Looking Statements. Readers are directed to the Company's filings with the U.S. Securities and Exchange Commission for additional information and a presentation of the risks and uncertainties that may affect the Company's business and results of operations.