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To: Hawaii60 who wrote (10012)	6/24/1999 9:30:00 AM
From: beta_dog	Respond to of 18998

MYWB starts offering Internet service in China: MyWeb Inc.com Launches MyWeb Online Service and Set-Top Box Bundle in China First International Player to Enter Market in This Segment SAN FRANCISCO--(BUSINESS WIRE)--June 24, 1999--San Francisco-based MyWeb Inc.com (OTC BB:MYWB - news) launched its home Internet service today in China, allowing customers to access the Internet via their televisions through set-top boxes (STBs) linked to MyWeb's Chinese-language portal, MyWeb Online China (www.myweb.com.cn). MyWeb is the first international player to enter this segment in China, and the only company to offer set-top boxes which link directly to online services and content designed specifically for Chinese consumers. The announcement follows MyWeb's agreement with Beijing Post and Telegraph to bring MyWeb to homes in China. MyWeb and Beijing Post and Telegraph plan to deploy 200,000 MyWeb STBs in the Beijing market this year through purchase and rental. ''Our vision is that MyWeb will change the way the Internet is accessed in China,'' said T.S. Wong, MyWeb's co-founder and Chief Executive Officer. ''In the future, we expect that people in China will be able to shop, study, trade stocks, and plan their vacations through the MyWeb Online Service.'' MyWeb's Business Model MyWeb set-top boxes and online services allow customers to use their televisions to connect to the Internet via a remote control or wireless keyboard. After connecting to the Internet, customers are instantly directed to the MyWeb Online Service website, where they are able to view customized content of news, entertainment, financial, and educational information, and a variety of other lifestyle-based content. MyWeb's business model, often compared to AOL in the United States, has led to MyWeb's rapid growth in Malaysia and Singapore. With its focus on emerging markets, MyWeb is now looking to China as one of its largest potential markets. MyWeb China Market Opportunity ''As the leader in this segment in emerging markets, China is a natural next step for MyWeb,'' commented Danny Toe, MyWeb's Chief Operating Officer. ''MyWeb will make the Internet more accessible to the average Chinese household than ever before.'' MyWeb Launches in China The costs to access the Internet through MyWeb's TV devices make access to the Internet cheaper than traditional desk-top computers, which many Chinese can not afford. The set-top boxes are priced at 1,488 yuan ($180), or roughly one-third the price of a low-end personal computer in China. China's current Internet user base -- estimated at 2.2 million -- has been projected to grow to 10 million by next year, aided by the China government's strong emphasis on Internet access to make China competitive into the next century. China has an estimated 11 million PC's, while there over 300 million TV's located in households in China. About MyWeb MyWeb Inc.com is a leading provider of Internet lifestyle services and operates the MyWeb Online portal in emerging mass markets in Asia and Latin America. In markets such as China, MyWeb offers consumers access to MyWeb Online Service (MOS) -- a portal for news, education, finance, entertainment and other lifestyle content -- through their televisions using MyWeb-branded set-top boxes as an affordable alternative to personal computers. MyWeb is headquartered in San Francisco, with operational and representative offices in Singapore, Malaysia and China. T.S. Wong, the company's CEO, maintains his principal office in Kuala Lumpur for ready access to Asia's emerging markets. More MyWeb information can be found at www.mywebinc.com. The statements made in this news release may be forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. The company believes that its primary specific risk factors include, but are not limited to, substantial financial requirements, the development of effective internal processes and systems, the attraction and retention of high-quality employees, changes in the overall economy, regulatory policy, the mix of products and services offered in its target markets, and other risk factors detailed from time to time in MyWeb's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. The company assumes no obligation to update information contained in this news release. -------------------------------------------------------------------------------- Contact: MyWeb Inc.com Walter Ling, 415/538-3728