* Offers legal and business consulting to foreign investors
* Hosted the first high-level British trade delegation in Iran since 1979 Revolution
* Provides office space and secretarial services to visiting executives
* Arranges all aspects of foreign business delegation visits
* Set in Tehran's most prestigious office tower
* Managed by Western-educated Iranian nationals

(Tehran, August 28, 1999) - Millennium International Business Center (MIBC) was established in August 1999 as the first world-class business center in Iran. A group of returning Iranian expatriates recognized that Iran in many ways lacks the infrastructure needed to draw in the capital it wants from overseas investors. They created MIBC to address these problems.

Faced with economic recession, the Islamic Republic of Iran is opening up its economy and allowing increased involvement by the private sector and foreign investors. Foreign investors are responding. This June, the first high level British trade delegation since the 1979 Revolution arrived in Iran. The high level British Trade and Investment Mission that visited Iran in June 1999 was an unqualified success, boasts Dermot Graham, Executive Director of the International Trade and Investment Mission, a UK-based group that organized the trade delegation. Without exception the thirty plus delegates, all very senior representatives of their companies, were highly complimentary of the Mission arrangements, continued Graham.

But after twenty years of relative isolation, Iran is complex and alien to foreigners. An interested investor finds the road to Iran full of hurdles. It is very difficult for a potential investor to decipher through the bureaucratic maze. Many complain that their limited time in Iran is inefficient and that they feel lost and disorganized after their arrival. The role that Millennium International Business Center and its sister company Atieh Bahar Consulting played was extremely important [to the success of the British trade mission] and I have no hesitation in recommending their services, adds Graham. The directors and staff showed dedication and the utmost professionalism in their dealings both with my company and each delegate.

The dedication of MIBC's directors goes beyond professionalism. "We wanted to do more than just start a new business in Iran," says Babak Namazi, one of MIBC's founders. "We wanted to do something that would help our country. Iran needs foreign investment, but the services that the investors need are just not there, continues Namazi, a US-trained attorney specializing in international corporate law who returned to Iran last year.

About MIBC

The Millennium International Business Center (MIBC) is the only modern full service business center of its kind in Iran. Located within the finest office building in the heart of Tehran's central business district, MIBC offers a comprehensive choice of business services, all under a single roof. The services range from temporary offices to business and legal consulting. Clients enjoy modern amenities such as a private office, fax, email, internet and secretarial services.

For more information interested parties can visit MIBC's website at www.mibc-iran.com or send an email to info@mibc-iran.com Telephone: +9821 871.6683 or +9821 871 6684. Fax: +9821 872.0077.