Web Space Station® Wins 2002 'European Technology Fast 500 Award

Arch Ltd. / Web Space Station® has been selected as a winner in the 2002 Deloitte Touche Tohmatsu FAST 500 Technology Industry Survey.

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Web Space Station® Wins 2002 'European Technology Fast 500 Award

Prague, Czech Republic -- December 21, 2002 -- Arch Ltd. / Web Space Station® has been selected as a winner in the 2002 Deloitte Touche Tohmatsu FAST 500 Technology Industry Survey.

The FAST 500 for Europe is part of a global effort led by Deloitte & Touche to identify the newest leaders of the European technology industry sectors.

Rankings in FAST 500 Technology Industry Survey are based on three-year percentage revenue growth from 1999-2001.

Because of the unprecedented economic challenges confronting the technology sector, those companies that have earned a position on the Deloitte 2002 European Technology Fast 500 ranking have made a significant achievement.

Because of their vision, leadership and innovation these established and emerging companies are positioned to be the key forces behind Europes economic growth in the years ahead," said Karel Bakkes, Deloitte partner in charge of the 2002 European Technology Fast 500 program.

We attribute our companys strong growth to many factors," says Boris Kontsevoi, President of Web Space Station®, including our ability and willingness to build a growing and innovative company that provides a full range of IT services to customers around the world, the commitment of our finest team of managers, programmers, designers and other software experts who specialize in delivering high quality information technology solutions."

Visit http://www.europefast500.com/ for more information on the 2002 Technology FAST 500 Award.

About Web Space Station®

Founded in 1995, Web Space Station® is an international team of expert software developers and creative designers. The company has offices in Prague, Czech Republic and Minsk, Belarus and strategic partners in the USA, Canada, Germany and other countries. The company is a provider of high-end custom software systems, e-commerce solutions, and web sites with over 100 enterprise customers in the North America, Europe, Australia, and Japan. Web Space Station is a registered trademark of Arch Ltd. Visit www.web-space-station.com for more information.

[If required at all

Contacts:

Boris Kontsevoi

Arch Ltd. / Web Space Station®

697/16 Podebradova St.,

182 00 Prague, Czech Republic

Tel: +420 603 461 212

Fax: +420 283 910 667

Email: admin@web-space-station.com

Web: http://www.web-space-station.com