The World's First B2B E-Commerce Cross Border Print Exchange

For Immediate Release

30th June 2000

Contact:   Andrew Pang   
      e-mail: andrew@printexasia.com.sg
      tel. +65-2253533 fax. +65-2205388
      URL: www.printexasia.com

Global Print Exchange Wins Singapore Trade Development Boards Approved Cyber Trader Award

Global Print Exchange Pte Ltd (GPE), the worlds first cross border print exchange was awarded the Approved Cyber Trader (ACT) on 26th June 2000. The Singapore Governments Trade Development Board granted this very prestigious award.

GPE is the only company that has been presented with this award in 2000 and will have the privilege of being the 1st Singapore E-Commerce company to have won the award. Only 2 other companies have won the ACT award before in 1999 – a listed company that is the largest distributor of heavy equipment and diesel engine spare parts in Asia, and a joint venture of the Japanese conglomerate Sumitomo Group that is trading electronic components through the Internet.

It is expected that only 25 companies will be presented with the ACT award by the TDB in the next few years. This is the Internet version of awards that has been presented to companies such as Caltex who carry out trading worth billions of dollars through Singapore.

Companies who win such awards pay only 10% tax against the normal 26%.

Patrick Lee, a director of Global Print Exchange said, The award is a major milestone in our quest to be one of the top B2B E-Commerce exchanges in the world. We have invested millions of dollars in developing a sophisticated Internet exchange that will revolutionize the way print will be bought, sold and serviced in Asia. We expect to be one of the undisputed leaders in cross media trading within the next 18 months."

Mr. Lee went on to add, This support from the Singapore Government will spur us to develop even more advanced and innovative features for our clients. Our target is to patent at least one major innovative feature every 3 months. We also expect to be one of the few B2B exchanges that will be profitable within its first year of operation."

The company is also in the process of introducing free localized print procurement services between print buyers and service providers in Singapore, Malaysia and the rest of Asia. This will enable printers and related companies to gain experience in print E-Commerce so that they are in a better position to exploit cross border printing through the Internet with GPE in the near future.

In addition, the company has announced plans to set up Indias first B2B print exchange and to go public in the Indian stock exchange in the next nine months. BG (Ret) DP Sivam of Print Exchange India said that there exist a vast potential for such a print related service through the Internet in India. Furthermore, it will be an excellent avenue for printers from India to be innovative in exporting print and published products to customers in US and Europe.