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Microcap & Penny Stocks : DIGG - Digital Gas, Johnboy DIGGS it. -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (980)	2/22/2000 9:43:00 AM
From: Fred C. Dobbs	Read Replies (1) \| Respond to of 1774

Seems like there a lot of versions of the same article. February 22, 2000 08:45 Digital Gas Subsidiaries Begin Operations in China; Internet and Technology Manufacture Lead Way NEW YORK, Feb. 22 /PRNewswire/ -- Digital Gas, Inc. (OTC: DIGG - Pink Sheets) today announced that two of its subsidiaries, Qingdao Harbor Trading Company, Inc. and Digital Kommerce Network, Inc., have begun operations in China. Initial enterprises will include export-import, the Internet, and the manufacture and distribution of advanced computer systems and networked information terminals. The Qingdao Harbor Trading Company subsidiary of Digital Gas has signed 2-year agreements with some 100 manufacturing, consumer products, electronics, chemical and other companies to create a web-based electronic exchange. Qingdao Harbor has been named a most favored distributor and its Chinese partners will showcase their goods and services on the new exchange. Under the new venture, Qingdao Harbor will receive revenues from participating Internet sites and through advertising and sales on the electronic exchange. Qingdao Harbor will also receive substantial income from direct facilitation of export and import between these Chinese companies and the West in those instances where products and services showcased through the electronic exchange require sales and marketing personnel to close the transactions. Qingdao Harbor will be adding sales and marketing staff to its current operation to foster the growth of the new business Qingdao Harbor.com will be powered by U-Know Software Corporation's leading product information search technology (shopping bot), which can be accessed at HYPERLINK shopbest.com. U-Know, which has a 20% interest in Qingdao Harbor Trading Company, is a technology company focused on innovative web merchandising solutions. Robert Solomon, president and chief executive officer of U-Know Software, said that Qingdao Harbor Trading Company is taking the concepts of shopping bots and B2Bs one step further by actively creating export-import opportunities with dramatic income potential for Digital Gas and U-Know Software from the real-time, electronic exchange. At the same time, Digital Kommerce Network has signed an exclusive agreement with Qingdao Abundant Dragon Products Ltd. of Qingdao, Shandong Province, PRC, to partner in the manufacture and distribution of advanced computer systems, Networked Information Terminals and other technology products of Digital Kommerce. Produced at facilities in Shandong Province of the People's Republic of China, the products will be marketed throughout China and elsewhere in Asia. The goal of the venture is to build a "next generation" information age network that stretches across Asia and beyond. Mr. Mao, president and chief executive officer of Qingdao Abundant Dragon, expressed his confidence in the ambitious project. "We firmly believe that we have the ability and financial capacity necessary to implement the project to the satisfaction and benefit of both sides. We feel this will be the first step to the realization of our longer range plans to build an information network empire." To further strengthen its business activities in China, Digital Gas has entered into a consulting agreement with the Chinese Business Services Group of Deloitte Touche Tohmatsu, based in New York. The team will visit China in the next several weeks to review the operations of Qingdao Harbor Trading Company and Digital Kommerce Network, as well as Qingdao Digital Gas Enhancement & Exploration Company, the company's sole foreign corporation involved in the oil & gas business in China. SOURCE Digital Gas, Inc. /CONTACT: Richard Calderhead of Digital Gas, Inc., 212-673-3920/ (DIGG)