| 19 February 2007 |
| FOR IMMEDIATE RELEASE |
| Bermuda International Business Community collaborates on comprehensive Smartmoney feature |
| The Bermuda International Business Association (BIBA) the Ministry of Finance, the Bermuda Stock Exchange, and several other prominent Bermudian international businesses have collaborated to produce a special editorial section, entitled "Bermuda: The Best of Both Worlds", for SmartMoney, the prestigious American finance periodical distributed by the Wall Street Journal. Detailing the social and economic dimensions of the Island, this section includes profiles of influential Bermuda-based business organizations complimented by candid praise from Bermudians and non-Bermudians alike, including US Consul General Gregory Slayton. Spanning 16 pages, "The Best of Both Worlds" introduces SmartMoney readers to the advantages of domiciling in Bermuda and colorfully illustrates the pleasures of the Bermudian lifestyle. |
| "‘The Best of Both Worlds' truly gives SmartMoney consumers a candid and stunning perspective into the myriad reasons why Bermuda is an ideal place to not only do business, but also visit," commented Cheryl Packwood, BIBA's CEO. "We couldn't be happier with the finished product, and we wholly expect the reader to be equally satisfied. This is a rare opportunity for organizations to learn about the unique value of setting up business on the Island, and after reading the testimonial this special section provides, we hope businesspeople everywhere will take advantage of all that Bermuda has to offer." |
| SmartMoney: The Wall Street Journal of Personal Business is an award-winning magazine covering the world of personal, domestic, and international finance. It has a total readership of more than 3,000,000 worldwide. |
| "The Best of Both Worlds" also serves as a precursor to the Annual BIBA London Roundtable taking place on 29 March. This event, occurring right after the recent BIBA Reception in Paris on 8 February, will feature a series of panels moderated by Bermudian notables in the fields of law, accounting, regulation, politics, and finance as well as a special appearance by Honorable Paula Cox, the Bermudian Minister of Finance. Ms Cox will deliver a keynote speech at the welcoming lunch, after which attendees will break into sessions for pointed discussions on hedge fund management, regulation and the Bermudian Stock Exchange, trusts, and private wealth. The event will close with remarks by Ms Packwood and will be followed by a reception. |
| "We cannot be more eager to bring the success of the Paris Reception to London, where we have had very positive results in the past," explained Ms Packwood. "We believe that the momentum from our work in SmartMoney will help us to make a positive impact on the businesses participating in our Roundtable. I aspire to speak on behalf of all Bermudians in communicating the pride we have in our reputation as an ideal destination for the world's finest businesses. This is what we plan to accomplish in London." |
| END |
| About the Bermuda International Business Association |
| The Bermuda International Business Association (BIBA) is a business organization of Bermuda resident service providers who provide quality banking, legal, accounting, financial, trust, management and e-commerce services and products to the international client. BIBA works with the private sector and Government to develop and promote the island as one of the world’s foremost centers for international business. |
| For further information please contact: |
Cheryl Packwood
CEO
BIBA
Tel: 441-292-0638 |
