Chairman of the new party and former minister - G.L. Peiris, Secretary - Attorney-At-Law Sagara Kariyawasam and former minister - Basil Rajapaksa were present at the media briefing.
Mr. Basil Rajapaksa also displayed his party membership to the journalists.
Speaking, the party chairman said that the first 100 memberships of the party were reserved for MPs.
The party is symbolised by a flower bud.