ITN to open sub-office in Nanjing

ITN to set up a sub-office in Nanjing to facilitate export of audio speakers and related components to the United States.

Thousand Oaks, CA-
International Technologies Network, Inc. (ITN") of Thousand Oaks, California and Nanjing Electronic Audio Equipment Co. (NAEC") have agreed that ITN would set up a sub-office in Nanjing to facilitate export of audio speakers and related components to the United States.

The sub-office will be set up by November 26, 2001. The Nanjing sub-office will initially have a staff of two people. ITN has appointed Dr. Muhajer to head the Nanjing office. Dr. Muhajer will report to John Farid, ITNs Chief Representative in Beijing. In addition to facilitating export of audio speakers and related components, the office will also conduct due diligence preparatory to ITNs possible acquisition of shares in NAEC.

NAEC is Chinas second largest manufacturer of audio speakers and boasts of the best R & D facility in China. NAEC is a qualified vendor to several leading brands such as Philips, Vestal, Profilio, Samsung, and Lucky Goldstar. NAEC also holds a license from Nxt® to manufacture flat speakers. We have assisted NAEC to break into the market in Europe and have made a good beginning in the U.S.," said S. R. Nair, President of ITN, Inc. As in Europe, we will focus on the private label/ OEM sector, rather than attempt to distribute directly. We are seeking long-term partnerships with select brands in U.S."

ITN specializes in China ventures and is engaged in consulting, trading, venture development, and franchise development. ...Your bridge to China"® is ITNs registered trademark. ITN currently has offices in Los Angeles, Beijing, and Istanbul.

ITNs Trading Division exports electronic components and products manufactured in China to Europe. ITNs products are supplied either under the ITNä brand or on OEM/private label basis. Products exported by ITN include air-conditioners, consumer electronics (such as DVD, MP3 players, etc.), printed circuit boards, heavy-duty batteries, and speakers for cars, home theaters, and televisions.
ITNs Consulting Division has consulted for such companies as Sheldahl, Inc. (Nasdaq: SHEL), Jabil Circuits, Inc., (NYSE: JBL), and Cookson Group plc (LSE: CKSN).

ITNs Franchise Division holds, through an investment company in Hong Kong, interests in the Master Franchise for Chem-Dry® in China (including Hong Kong and Macao), and Turkey. For more information about ITN, please visit http://www.itnusa.com.
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