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Amici del Cristallo Swarovski and Wyith form strategic alliance

Hongkong - March 10, 2000 - Wyith Incorporated, the leading international integrated Internet company, today announces a joint venture with Amici del Cristallo Swarovski (ACS, 'Friends of Swarovski'), the largest collectors' society of Swarovski crystals in Europe to cooperatively develope the online Swarovski Collectors' Guide (SCG), www.swarovski.org.

The joint venture leverages Wyith Incorporated's position as a preferred provider of interactive Internet technical and marketing solutions and services. Through the alliance, Wyith Incorporated will have the exclusive rights to provide web services, advertising, sponsorships, e-commerce, e-marketing and direct marketing branded solutions to over 20,000 Italian crystal collectors who utilise ACS's most comprehensive database of Swarovski crystals.

Dr Raymond Cheng, Wyith Incorporated's Managing Director, said. "This joint venture is designed to unlock the largely untapped but massive second-hand e-commerce market in Europe. It builds on the existing infrastructure already established by Wyith Incorporated in Asia and further strengthens the 'Congregate' component of Wyith Incorporated's business model. Working with our new partner, we are confident that we'll be able to achieve rapid growth in the European e-commerce market."

Dr Diego Marcori, Wyith Incorporated's Regional Director in Europe and Middle East, explained how this announcement will benefit crystal consumers and encourage the growth of new value-added services. Dr Diego said, "This joint venture with ACS maximises our global market reach and will help to grow business for us throughout Europe, especially Austria and Switzerland. Speciality advertising and e-commerce applications are the next wave of e-commerce and this partnership gives us the market reach to meet the needs of advertisers, while delivering targeted advertisements and useful information based on an individual's demographic profile."

The activities of the new joint venture are expected to heighten user response and recall to sharply targetted advertising, spur informed consumer spending throughout Europe, and pave the way for the regular use of advanced interactive applications.

About Wyith Incorporated

Founded in 1991, the company is a provider of corporate MIS applications, backend IT services and is a strategic consultant of e-business. The company's wholly owned division, Wyith Limited, is also a world class leader in B2C domain-based services, including domain registrations in over 70 countries, Web hosting and related services. The business has serviced over 40,000 customers worldwide, spanning 110 countries.

For further information, please contact:

Dr Diego Marcori
Regional Director - Europe and Middle East
Contact public relations

Chester Chan
Manager - Systems and Carrier Services
Contact public relations

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