For General Release to the Public

July 15, 1998 "S.S.Tours - Brasil" inaugurated Semman Group today announced its latest expansion into the Latin American travel market through its establishment of S.S.Tours-Brasil. The company, considered a sister company of S.S.Tours-Egypt, is a fully licensed and bonded Brazilian travel agency, chartered in the state of Sao Paulo. It is also the first affiliate of an Egyptian tour operator to open in all of Brazil. With head offices in one of the largest business centers of the world, Sao Paulo, S.S.Tours-Brasil will target the as-of-yet untapped travel corridor between Brazil and the Middle East, in particular Egypt. Future plans for the new company include expansion into other travel corridors (such as the USA and Europe). The acquisition of a bus fleet and the operation of domestic tours is also being planned for the long-term. Facts for editors: Brazil: Population: 164.5 million (July '97 estimate) GDP: $1.02 trillion ('96 estimate) Languages: Portuguese (official), Spanish, English, French Brazil has the largest Arab population outside of the Arab world Facts for editors: Egypt: tourism is the 2nd largest generator of hard currency (after the Suez Canal) and is the biggest industry in terms of employment For more information, please contact: Mr. Samir Semman S.S.Tours - Brasil Semmantours Viagens e Turismo Ltda. Av. São Luís, 50 - Ed. Itália - Sala 22F 01085-900 São Paulo, SP - Brasil Tel/Fax: (+55 11) 231-0042 / 2447 Email: info@sstours.com.br Web: www.sstours.com.br