Global Online Launches World Class Indian Portal

FAIRFIELD, IA August 16, 2000    Global Online (GOL) India, which launched its world class Indian portal with a coveted "Category A" national license, posted a 522% gain during its first day of trading on a US stock market.

"Having now completed the first phase of a significant and unique Internet plan for India by launching www.GOLIndia.com, the next phase is a network build-out. This next phase includes Internet Service Provider (ISP) access in 50 major cities in India, based on the installation of a super high-speed broadband, wireless and fixed line Internet backbone with 108 Points-of-Presence (PoPs)," said Dr. Christopher Hartnett, company founder and chairman.

Avanish Pande, President of Portal Development at Global Online India said, "Global Online India has debuted as the world's first truly global Indian portal at www.GOLIndia.com, providing Indians at home and abroad with the most comprehensive set of services available on the Internet today."

GOL India leads the globalization trend fostered by the Internet with Global Banking and Global B2B e-commerce exchanges. Other outstanding information and lifestyle features include local news feeds from cities throughout India, Global Voice Chat, and a state-of-the-art Global Online Trade Exchange.

"Global Online India offers a distinct global advantage over the other national Internet ISPs because of the link to its parent company, Global Online International, which has 5,680 web sites in 200 countries," said Dr. Hartnett.

Tony Santelli, former IBM senior executive and current Global Online CEO, said, "India represents an extremely important online market for Global Online International. The exponential growth taking place in the Indian Internet industry is a major reason GOL chose India to roll out our first working model of a rich, country-specific site. With the exploding growth in global B2B e-commerce many companies have to redesign their Internet strategies. However, Global Online India is uniquely positioned to lead the globalization trend right from the start."

According to National Association of Software and Service Companies (NASSCOM), e-commerce transactions in India will grow by 30 times and approach the $2.3 billion mark in the next three years, with the bulk of this growth to be business-to-business transactions. A McKinssay-NASSCOM report estimates Indian B2B to reach $10.0 billion by 2008.

Mr. Pande said, "the Indian expatriate community is one of the most prominent, well educated and economically successful in the world, especially in technical professions such as software engineers, electrical engineers, doctors, researchers and scientists. The Indian community is a very Internet-active community, and this has created a huge demand for a site where expatriates can do business as well as visit their homeland and find the local news and latest Indian movies."

This press release contains forward-looking statements that are subject to risks and uncertainties. Any statements that are not statements of historical fact (including without limitation statements to the effect that the Company or its management "believes," "expects," "anticipates," "plans" and similar expressions) should be considered forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, uncertainties related to demand for the company's services; costs of operation; changes in laws or regulations or in their interpretation; technological changes; economic conditions and other risks described from time to time in the Company's filings with the Securities and Exchange Commission.

The trading symbol for ENG Enterprises, Inc., on the NASDAQ OTC is "ENEI".

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CONTACT:
Wayne Foster
Tel. (613) 235-2181

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