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Technology Stocks : Pacific Internet Next HOT IPO?

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To: Erick444 who wrote (738)7/10/1999 8:10:00 PM
From: Carolyn  Read Replies (1) of 912
 
From SteveHarmon's thread -
July 1999

CHAMPION TECHNOLOGY TO PROVIDE FREE INTERNET ACCESS TO AEON CARDHOLDERS

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Hong Kong (8 July 1999) -- Champion Technology Holdings Limited (SEHK:092) announced today that its
subsidiary, Digital Hong Kong Limited (Digital HK), and Aeon Credit Service (Asia) Company Limited
(AEON) (SEHK:900), have teamed up to promote e-Commerce services in Hong Kong.

Under the Partnership, Digital HK will offer free Internet access and free e-mail accounts to all AEON
cardholders, currently in excess of 500,000. Digital HK will also create on-line application booths on its e-malls
to facilitate the processing of AEON credit card applications, as well as creating the AEON credit card payment
button on all the storefronts of Digital Hong Kong. The two companies will engage in joint campaigns to
promote and market e-Commerce services.

According to Paul Kan, Chairman of Champion Technology and e-Chairman of Digital HK, "Champion is
pleased to work with premium consumer-based companies such as AEON, which is known for its high quality
services and innovative programmes in the fast growing field of consumer credit finance services. As we are
building our e-commerce infrastructure and plan to roll out our CSP (Commerce Service Provider) services
shortly before the end of this year, we shall be aggressively acquiring incremental consumer traffic to our
e-malls for the benefit of all the merchants who will be plugging onto our e-shopping platform."

Mr. Kazuhide Kamitani, Managing Director of AEON, added, "Through developing a network on the Internet,
we intend to distribute monthly statements and shopping information to our credit cardholders. As our
customers are mainly in the age bracket of 20 to 40 with high spending power and are Internet ready, the
co-operation with Champion enables us to speed up our customer services programme upgrade." The response
to the launch of the AEON Hello Kitty MasterCard and the AEON Jusco MasterCard has been overwhelming,
resulting in over 30 percent increase in the company's total credit cardholder base.

In May this year, Digital HK announced the launch of its e-Commerce Community Awareness Programme
(e-CCAP) which aims at promoting digital literacy and community-wide participation and usage of e-commerce.
In less than two months, the e-CCAP has published two volumes under The Hong Kong e-Commerce Studies
Series, and has engaged in campus recruitment, enrolment of e-Angels, and promotion of Business Start-up
Scheme at nine of the local universities and vocational institutes. It has also sponsored three training
programmes on developing web-based business, web publishing, and computer animation.

Champion Technology welcomes the just-released Second Report of the Chief Executive's Commission on
Innovation and Technology, as well as yesterday's launch of the Information Technology Entrepreneur
Programme. All these initiatives are similar in vision, and will result in our long-held goal of a digital Hong
Kong.

About Champion Technology

Champion Technology (www.championtechnology.com) is a communications software group of companies,
with subsidiaries specialising in wireless technologies formed in 1930, and software development established in
1987. Capitalising on its wireless transmission and information software experience, the Group has
successfully integrated different communications technologies into a comprehensive range of wireless solutions
and services.

In recognition of the potential of the digital economy, the Group has in recent years been focusing on
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