David Elefant Has Joined Dovalize As A Shareholder

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Dovalize is pleased to announce its new shareholder Mr David Elefant as well as its expansion plans to launch a Freelance Web Channel in The Philippines as well as a Freelance Community Channel in 2009, to provide greater opportunities for freelance service providers and service employers.

David's invaluable experience in providing and operating e-commerce solutions coupled with his deep understanding of the unique business context of The Philippines supports the business direction that Dovalize will take in the coming year. Dovalize will launch a Freelance Web Channel in Philippines in early 2009.

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Dovalize, a home-based online e-commerce website portal, is pleased to announce the appointment of David Elefant as its new shareholder with effect from 18 December 2008. David Elefant now holds fifteen percent of Dovalize shares.

Largely based in The Philippines, David brings with him over 10 years of corporate experience in the areas of incorporation, online publishing, outsourcing, sourcing and operating start-up businesses.

David Elefant is Chief Operating Officer at Ace Wireless Network Philippines Inc., a wireless broadband innovations and solutions provider. Since 2000, David Elefant has been appointed Senior Consultant to Fibercity, a Philippines-based telecommunications provider of High Speed Internet and Broadband Services, Virtual Private Network, and a host of other services.

David Elefant is currently consultant to Opcom Philippines Inc, the premiere specialist in the installation of fiber optics in The Philippines, Baylosis & Culangen Law Firm, as well as various call centers, where he provides consultancy advice on incorporation for start-up businesses as well as co-location of call centers for SMEs and home users. David is also owner of a fiber optic network in Metro Manila as well as Elefant Media Group, which provides online publishing support for various websites and blogs.

Says Managing Director, Steven Diep on the business direction for Dovalize Pte Ltd (http://www.dovalize.com), "David's invaluable experience in providing and operating e-commerce solutions coupled with his deep understanding of the unique business context of The Philippines supports the business direction that Dovalize will take in the coming year. Dovalize will launch a Freelance Web Channel in Philippines in early 2009."

This expansion follows the success of Dovalize's website portal, http://www.FreelanceZone.com.sg, the first website in Singapore to be dedicated only to freelance and part-time resources. Officially launched in July 2008 and hosted directly from Singapore, the portal received over 120,000 views on listed job ads within months of its launch.

Says Mr Diep on the success of FreelanceZone.com.sg, "From the position of over 24 millions on Alexa Global website ranking, FreelanceZone is now ranked at above 900,000 with nearly 100,000 monthly page views. Unlike other portals, FreelanceZone.com.sg offers Free membership registration. To date, the portal already has a database of several thousands of registered freelancers and part-timers. We will continue to waive most of the service fees for both freelance service providers and service employers. We will continue to grow the portal further to a powerful list of high-quality value-added online services for many years to come."

Adds Mr Diep, "Incorporated since April 2008, Dovalize's core business is to provide a range of innovative online services under e-commerce category to focus from Singapore out to international market. In line with our business strategy, we will also build up a Freelance Community Channel which is very much dedicated to Asia Region in 2009. This expansion will enable us to provide greater opportunities and value for both service providers and service employers. We will continue to welcome and actively look for new investments and partnership opportunities."

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