Mongolia Holdings, Inc. recruits Business Council of Mongolia Executive Director, Jim Dwyer, to its Advisory Board

Jim Dwyer brings a wealth of Mongolia-specific investment banking and local market expertise to the Hertz Equipment Rental franchise team for Mongolia.

September 15 -- Mongolia Holdings, Inc. (OTCQB: MNHD) is pleased to announce the appointment of long-time Mongolia resident and investment banking expert, Jim Dwyer, to its Advisory Board.

Mr. Dwyer was a New York-based investment banker for 30 years, completing over 100 transactions. He founded and managed M&A departments for Shearson Loeb Rhoades and UBS-North America, where he served as head of cross-border M&A. Before that he served as deputy head of M&A at Kidder Peabody and was a Senior VP of investment banking at Donaldson, Lufkin & Jenrette.

Starting in 2001, Mr. Dwyer represented the Government of Mongolia as lead investment banker for the privatization of Trade and Development Bank and then for the privatization of Khan Bank, the largest retail bank in Mongolia. From 2003 to 2007, Mr. Dwyer was COO of the Mongolian branch of the North America-Mongolia Business Council. Subsequently, he has served as Executive Director of the Business Council of Mongolia since its inception in 2007.

Mr. Dwyer received an MBA from Columbia University and a BBA from the University of Notre Dame. He lives in Ulaanbaatar with his family.

Former US Ambassador E. Michael Ussery, the Company’s Chairman, commented: "We appreciate Jim Dwyer’s generosity with his time, expertise and contacts, throughout the development of our Hertz Equipment Rental business opportunity for Mongolia. We applaud his thirteen-year commitment to advancing the cohesiveness of the business community there and value his new, more formal relationship with Mongolia Holdings, Inc.”

About the Company:

Mongolia Holdings, Inc., through its wholly-owned subsidiary Mongolia Equipment Rental Corporation, is the Hertz Equipment Rental franchisee for Mongolia. This exclusive franchise allows the Company to operate a business of renting, selling, and maintaining equipment for use in construction, mining, materials-handling, commercial, and industrial activities in Mongolia under the unique plan and system of Hertz Equipment Rental Corporation and Hertz Equipment Rental System.