Tim Halter, managing director of Halter USX China Index, said, “With China’s tremendous economic growth, as well as its growing influence on the world economy, we believe the Halter USX China Index is the right product at the right time. We're excited to partner with the Amex on this product, which should offer a valuable tool for investing in China.”

Scott Ebner, associate director of the Amex ETF Marketplace, said, “We are pleased to be working with Halter Financial in calculating the Halter USX China Index. The index is well-suited as a benchmark for exchange traded funds and we look forward to listing products based on this index.” PowerShares Capital Management filed a registration statement on July 19, 2004 that included an exchange traded index fund tracking the Halter USX China Index along with 25 other new exchange traded funds. The Halter USX China Index is calculated using a modified market capitalization weighting methodology. Changes to the index composition and/or the component share weights typically take effect after the close of trading on the next to last business day of each calendar quarter. Companies included in the index have a market-cap greater than $50 million based on the average closing price for the prior 40 trading days and trade on the NYSE, Amex or NASDAQ, as identified by the Halter USX China Selection Committee. The index was created by the Halter Financial Group, Inc.

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About the American Stock Exchange

The American Stock Exchange® (Amex®) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSSM. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 143 ETFs. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit www.amex.com.

About the Halter USX China Index

The Index is comprised of companies whose common stock is publicly traded in the United States and the majority of whose business is conducted within the People's Republic of China. The Halter USX China Index was created in response to the unique economic opportunities taking place in China, as well as the current dynamics in the United States capital markets. While there is strong demand for Chinese equity, U.S. investors still seek and prefer the transparency offered with a U.S. listing. For more information please visit www.usxchinaindex.com.