Lewes, DE -- (ReleaseWire) -- 09/17/2015 -- The management of Formosa Liberty Corp. (OTC PINK:FLIB) announces the following:

Formosa Liberty is in negotiations with an offshore Caribbean company for the money to back its legal debt collection efforts against the Chinese government. This is in addition to the agreement last week with a Singapore venture capital firm to raise money from Asian sources within 90 days. Formosa Liberty holds a portfolio of Chinese Euronext listed bonds on assignment for collection.

"In addition to our on-going talks with Chinese funders, we are evaluating an offer from Caribbean source of money at this time." said director Clement Chigbo. "We are seeking an initial investment of $3 to $5 million dollars to ensure that all the available resources are in place to engage in serious litigation to force a quick settlement on these bonds. Our deal with Foundation Capital (Singapore) is also moving forward and we should have necessary money to carry out our legal strategy by the end of the 2015 calendar year. While we cannot say at this time what form a bond settlement would take, we are obviously looking for a return in serious multiples of what our backers invest."

Last week Formosa Liberty announced that it had entered into a funding arrangement with Singapore based Foundation Capital Pte. Ltd. Under the agreement with Foundation Capital, the Singapore firm agreed that it would locate and deliver funding for the bond collection and litigation costs and defaulted debt restructuring efforts of Formosa Liberty. Funds are expected to arrive before the end of the calendar year.

Formosa Liberty restructures exchange traded and other defaulted government bonds. The Company currently has on assignment a portfolio of over 10,000 defaulted bonds of which approximately 5000 are NYSE Euronext traded bonds.

In 1987, the People's Republic of China (Beijing) partially settled outstanding claims by some English holders of Chinese bonds for a multimillion dollar pay that left the vast majority of bondholders outside England as well as some English holdouts looking for other collection outlets. Formosa Liberty believes the key to collection is to also pursue the original issuer, the Republic of China, which is still the government of Taiwan.

FORWARD-LOOKING INFORMATION

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "will" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Corporation. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Typically the longer sovereign debt has been in default, the less likely a settlement. Some debt is so old that the bonds have more current value as a historical document than as a security. Sovereign bonds that no longer trade on an exchange and have no current ISIN number should not be referred to as a security per se and are listed on the Company books as having no value. There can be no assurance that the Company will be able to successfully redeem the bonds in its inventory. Formosa Liberty makes no representation that defaulted sovereign debt can be redeemed or restructured successfully as a successful settlement depends on many factors beyond the control of bondholders of the Company.

For more information on this press release visit: http://www.releasewire.com/press-releases/formosa-libertys-backers-hope-for-quick-settlement-with-china-624742.htm

Formosa Liberty works with exchange traded and other defaulted bonds. The Company currently has on assignment a portfolio of over 10,000 defaulted bonds of which approximately 5000 are NYSE Euronext traded bonds.

Lewes, DE -- (ReleaseWire) -- 09/15/2015 -- The directors and management of Formosa Liberty Corp. (OTC PINK:FLIB) announce the following:

The NYSE Euronext Paris Exchange continues to list on its market 11 defaulted pre 1949 Chinese bonds potentially worth billions in a settlement scenario. Trading prices per bond range from a low of €0.95 to a high of €137.85. The majority of Formosa Liberty's assigned holdings are made up of three Euronext listed bonds: the Chinese Reorganisation Gold Loan and the Lung Tsing-u Hai and Hukuang Railways bonds. Euronext Chinese bond prices have held steady in relatively low volume trading this year as many bondholders prefer to hold the bonds in safekeeping. However off market the Chinese Gold Bonds have sold at many times the Euronext closing prices.

Formosa Liberty stresses while no one, including Euronext, can predict the value of these bonds if they are paid out or a settlement is reached, the company lawyers are communicating to the Chinese government for clarification of the bonds' status and the confirmation of any gold or cash reserves to cover the redemption of these bonds.

Formosa Liberty's defaulted debt portfolio contains many other bonds that are not listed on a major exchange including historical Chinese and Mexican bonds. The Euronext's stance on the defaulted Chinese sovereign bonds is key to Formosa Liberty's redemption plans. The continued listing of the 11 pre 1949 Chinese government bonds is a major plank of Formosa Liberty's collection efforts as recognition of these debts by the New York Stock Exchange owned Euronext Paris means that billions of dollars of pre 1949 debt is still in play even as the Chinese economy is under pressure on international markets.

FORWARD-LOOKING INFORMATION

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "will" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Corporation. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Typically the longer sovereign debt has been in default, the less likely a settlement. Some debt is so old that the bonds have more current value as a historical document than as a security. Sovereign bonds that no longer trade on an exchange and have no current ISIN number should not be referred to as a security per se and are listed on the Company books as having no value. There can be no assurance that the Company will be able to successfully redeem the bonds in its inventory. Formosa Liberty makes no representation that defaulted sovereign debt can be redeemed or restructured successfully as a successful settlement depends on many factors beyond the control of bondholders of the Company.

For more information on this press release visit: http://www.releasewire.com/press-releases/70-year-old-billion-dollar-debt-haunts-chinese-government-624740.htm

Formosa Liberty Corporation restructures exchange traded and other defaulted debt instruments. The Company currently has a portfolio of over 10,000 defaulted debt instruments including 5000 Euronext traded bonds.

Lewes, DE -- (ReleaseWire) -- 09/10/2015 -- Formosa Liberty has entered into the initial stages of a funding arrangement with the Singapore based Foundation Capital Pte. Ltd. Under the agreement with Foundation Capital, the Singapore firm will make a best effort attempt to locate and deliver funding for the bond collection, litigation costs and defaulted debt restructuring efforts of Formosa Liberty. Foundation Capital Pte. Ltd is a venture capital and corporate advisory firm. The firm focuses on listing advisory as well as merger and acquisitions and reverse takeovers.

Foundation Capital reports that it is already in serious negotiations with potential Asian funders and that a deal should be consummated within 90 days. Formosa Liberty has instructed its legal counsel to immediately begin bringing administrative claims against the Republic of China in Taipei. In 1987, the People's Republic of China (Beijing) partially settled outstanding claims by UK holders of Chinese bonds leaving the vast majority of bondholders outside England as well as some UK holdouts looking for other collection outlets. Formosa Liberty believes the key to collection is to pursue the original issuer, the Republic of China, which is still the government of Taiwan.

FORWARD-LOOKING INFORMATION

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "will" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Corporation. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Typically the longer sovereign debt has been in default, the less likely a settlement. Some debt is so old that the bonds have more current value as a historical document than as a security. Sovereign bonds that no longer trade on an exchange and have no current ISIN number should not be referred to as a security per se and are listed on the Company books as having no value. There can be no assurance that the Company will be able to successfully redeem the bonds in its inventory. Formosa Liberty makes no representation that defaulted sovereign debt can be redeemed or restructured successfully as a successful settlement depends on many factors beyond the control of bondholders of the Company.

For more information on this press release visit: http://www.releasewire.com/press-releases/foundation-capital-expresses-interest-in-funding-formosa-liberty-623304.htm

Formosa Liberty Corporation or “The Company” restructures exchange traded and other defaulted debt instruments. The Company currently has on assignment a portfolio of over 10,000 defaulted debt instruments of which approximately 5000 are NYSE Euronext traded bonds.

Lewes, DE -- (ReleaseWire) -- 09/09/2015 -- Formosa Liberty has fine-tuned its debt collection strategy. While the previous management focused on collection efforts against quasi private entities, the new strategy will seek public confirmation by the government of the Republic of China (Taiwan) as guarantor of its defaulted debt under Article 63 of the Act Governing Relations Between Peoples Of The Taiwan Area And The Mainland Area which states that the pre 1949 sovereign debt of China shall be dealt with upon national unification.

The Company has instructed its legal team to immediately tender a demand on the Republic of China Control Yuan for an audit of the gold reserves and cash necessary to redeem the bonds once the prerequisites of Article 63 are met. The former Republic of China Justice Minister Chen Chung-Mo has confirmed by affidavit in a previous federal court case that the bond series held Formosa Liberty are covered under Article 63 and may be redeemed in accordance with law.

The Company has further requested legal counsel supply it with a collections plan for defaulted Russian debt instruments consistent with the current rulings in the French and ECHR Strasbourg Courts and to brief management on current developments in the Argentine sovereign debt restructuring cases. The Company also continues to reach out to potential financial backers in Singapore and Hong Kong in order to finance litigation and acquisitions and has undertaken a search for additions to its management team skilled in Asian finance.

FORWARD-LOOKING INFORMATION

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "will" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Corporation. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

Typically the longer sovereign debt has been in default, the less likely a settlement. Some debt is so old that the bonds have more current value as a historical document than as a security. Sovereign bonds that no longer trade on an exchange and have no current ISIN number should not be referred to as a security per se and are listed on the Company books as having no value. There can be no assurance that the Company will be able to successfully redeem the bonds in its inventory. Formosa Liberty makes no representation that defaulted sovereign debt can be redeemed or restructured successfully as a successful settlement depends on many factors beyond the control of bondholders of the Company.

For more information on this press release visit: http://www.releasewire.com/press-releases/formosa-liberty-new-debt-collection-strategy-622990.htm