NEWS RELEASE

AsiaMart^® Launches New Generation B2B Global Trade Exchange: AsiaMart.net, Integrating Full Range of Business Services.

Burlington, MA, July 1, 2001—AsiaMart^®, a division of Anew Technology Corporation, announced today the launch of its new generation business-to-business e-marketplace global trade exchange: www.asiamart.net, with its full range of advanced, fully-integrated business services.

AsiaMart President and CEO, Edward Soong, the former Wang Laboratories executive, said,  “This patent-pending B2B e-commerce web exchange has been specifically designed to overcome the various trade processing difficulties that major US and Asian firms have been experiencing until now with the first generation B2B web exchanges.    In addition, we are expanding our network of AsiaMart^® Trade Centers to provide increased support for local AsiaMart^® member companies as well as member companies worldwide.  In China alone, we have a network of over 150 of our own AsiaMart^® Trade Centers designed specifically to support business and trade activities there.  We are located in more than 15 provinces in China already, and are continuing to expand throughout Asia and the world.”

Mr. Soong said, “We have built a clientele that includes select Asian and other worldwide businesses in 97 countries.  With our extensive experience in the Asian B2B trading exchange business since 1995, we have been able to develop this leading B2B trading exchange for the Asia marketplace, addressing all of its unique requirements, such as enhanced workflow, business processes and logistics.    This new B2B trading exchange will provide major competitive advantages for Asian and worldwide businesses of all sizes.”  Phil Gary, the CEO of Phil Gary Enterprise in US said,  “I had great success with AsiaMart^®, a cyber marketplace" through which he traded $250 million of products in six months.

AsiaMart^® executives have formed an experienced consulting team to provide business consulting services with an initial focus on helping companies to expand into the booming China market.

Anew Technology Corporation is a privately held company, partially funded by leading Asian businesses.   Its AsiaMart^® e-Commerce Division provides a full range of open, secure end-to-end e-commerce software solutions and value-added business and trade services throughout the world.

For further information, please contact:
Media Relations
AsiaMart^®/Anew Technology Corporation
www.AsiaMart.net  www.Anew.net
99 South Bedford Street
Burlington, MA 01803, USA
Tel.  1-781-272-2639

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