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To: Roy F. Baker who wrote (38696)	12/5/2000 5:13:27 AM
From: DocMalmbo.com	Read Replies (1) \| Respond to of 40688

Thanks Roy, For those who have not seen this, I post some excerpts from this IIT news release. If PNL is involved with this, great, if not, seems like someone else has takin the ball and is running with it.....still here, still long (as if that matters) JAKARTA, Indonesia--(BUSINESS WIRE)--Nov. 30, 2000--Extending access to global business-to-business (B2B) commerce via the Internet, Indosatcom, a subsidiary of Indosat (NYSE:IIT, news, msgs), and US based MeetChina.com, a leading electronic marketplace for global trade, announced here today plans to launch Indonesia's first full-service online marketplace for global trade. Part of an expanding network powered by MeetChina.com, the new trade portal will connect Indonesian companies to the overseas markets and provide easy-to-use tools to complete cross-border transactions online, allowing them to buy and sell products. The new marketplace will provide a full range of trade support services for small and medium-sized businesses in Indonesia, particularly manufacturers searching for new export markets via the web. MeetChina.com has recently announced similar ventures in India, Vietnam, the Philippines, and Thailand. In each of these countries there will be a full-service global trade platform to facilitate access to new markets and an online infrastructure to facilitate processing of shipping, insurance, payment, and quality inspection. "Streamlining the trade process in Indonesia will lead to more transparency, easier communication, and ultimately higher trade volumes between Indonesia and the world," said Len Cordiner, CEO of MeetChina.com. "By connecting the resources of Indonesia's growing economy with trusted global trade service providers, we will be able to bypass a very inefficient trade system and offer overseas buyers products from Indonesia directly." Indosatcom, Indonesia's leading business-to-business solutions provider, expects the new joint venture company to "expand the potential for Indonesian manufacturers to do business with overseas buyers directly," said Johannes Kriswanto, CEO of Indosatcom. "Indonesia's trade environment has long been dominated by a few, powerful groups. For the first time, the Internet will be able to give smaller businesses direct access to the world markets, and give both Indonesian buyers and suppliers increased choice of trading partners. We plan on being the leader in this trend," said Kriswanto. This all sounds like what I had (still) expecting from PNL. It would be nice to know if PNL is involved with this, I did send a e-mail with question, but as per my last email one month ago, no answer as of yet. Docdownthedrain.com