Thursday April 6, 12:43 pm Eastern Time
Company Press Release
First Ecom.Com, iAsiaWorks Sign Marketing Co-Operation Agreement
iAsiaWorks Customers Gain Access to First Ecom.com's Multi-Currency Processing Services
HONG KONG--(BUSINESS WIRE)--April 6, 2000--First Ecom.com (NASD OTCBB:FECC, BSX:FECC BH), a global provider of electronic payment processing solutions, today announced it has signed a marketing cooperation agreement with iAsiaWorks (H.K.) Ltd., a pan-Asian Internet solutions provider that delivers one-stop Internet solutions for businesses throughout the Asia-Pacific region, multinational corporations and dot.coms. Through this agreement, iAsiaWorks customers will have access to First Ecom.com's global Internet payment processing services, including a payment processing gateway that accepts multiple currencies.
iAsiaWorks plans to provide total Internet solutions across Asia. From a platform of state-of-the-art data centers in Asia and Silicon Valley, the company will deliver reliable, localized, managed services in multiple locations, languages, currencies and regulatory environments. The agreement enables iAsiaWorks to extend the range of its e-commerce services by providing its customers with First Ecom.com's global payment processing gateway, which offers real-time, online authorization, and 24x7 reliability. iAsiaWorks recently completed a successful trial of First Ecom.com's gateway, and will make the new service available to its customers immediately.
``iAsiaWorks' integrated Internet solutions are delivered from best-of-breed data center facilities in Asia, Silicon Valley and San Francisco,' said Gregory Pek, president and CEO of First Ecom.com. ``Its business customers in Asia are likely to require online payment processing services, and we're providing a key piece of the e-commerce solution that will help strengthen each company's position in this expanding market.'
``First Ecom.com's global processing services will enable our clients in the Asia/Pacific region to do business online efficiently and effectively, in the currencies of their choice,' said JoAnn Patrick-Ezzell, iAsiaWorks chairman and CEO. ``We're pleased to add this new and vital service to our suite of one-stop e-commerce offers.'
About iAsiaWorks
iAsiaWorks, a pan-Asian Internet solutions provider, offers one-stop Internet solutions to companies in Asia, multinational corporations and dot.coms. The company intends to establish a footprint of eight data centers across Asia and in Silicon Valley to offer customers world-class hosting, co-location services and technical support, a suite of turnkey Internet solutions and localized, country-specific applications and services.
iAsiaWorks is headquartered in the Silicon Valley (San Mateo, Calif.), with operations in Hong Kong, Korea, Taiwan and the United States. It currently provides Internet solutions, directly and through partners, in Australia, China, Hong Kong, Japan, Korea, New Zealand, Taiwan, the Philippines, Singapore, Thailand, and North America. Investors include Bechtel Enterprises; BT/Alex Brown; Enterprise Partners; Generation Partners; Hambrecht and Quist; Institutional Venture Partners; Korea Technology Banking Corporation; Morgan Stanley Dean Witter; Newbridge Asia; New Enterprise Associates; Salomon Brothers; Samsung Corporation; the Sprout Group; Walden Group of Funds; Zesiger Capital; and Internet Elite Limited (a subsidiary of Pacific Century CyberWorks, a Hong Kong-listed company which is controlled by Richard Li). Partners include Cisco Systems (Nasdaq:CSCO - news), eTranslate, iPass and Portal (Nasdaq:PRSF - news). For more information, please visit the company's Web site at www.iasiaworks.com.
About First Ecom.com
As a global provider of electronic payment processing, First Ecom.com provides secure, easy-to-implement and low-cost online payment processing services to merchants and banks worldwide. Through strategic partnerships with banks, ISPs, e-commerce system integrators and storefront solution providers, First Ecom will process credit card transactions made over the Internet in multiple currencies, either domestically or offshore in a tax-neutral jurisdiction. For more information visit www.firstecom.com.
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Contact:
Davis.Comm, Inc. (for First Ecom.com)
Jeff Davis or Kevin Manniko, 415/837-3939
jdavis@daviscomm.com
kmanniko@daviscomm.com
or
First Ecom.com
888/305-8233 (Investor Relations)
or
iAsiaWorks U.S. Headquarters
Mary Barnsdale, 510/525-0651
mary@iasiaworks.com
or
iAsiaWorks Asia Headquarters
Chantal M. Teodorovich, 852-2828-6186
chantal@hk.iasiaworks.com
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More Quotes and News: First Ecom.com Inc (OTC BB:FECC.OB - news)
Related News Categories: banking, computers, internet, publishing, telecom
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