To: Rampant who wrote (47692 ) 2/15/2001 12:56:39 PM From: Joe Copia Read Replies (1) | Respond to of 62348 Thank you. found this one never seen before: GoldWeb Technologies Inc. to Implement High-Speed Wireless Technology in South Korea. VANCOUVER BRITISH COLUMBIA--The Board of Directors of GoldWeb Technologies Inc. (a wholly owned subsidiary of Consolidated Gold Win Ventures, Inc. (CDNX: "CGW")), in conjunction with VoIP Telecom, Inc. (OTC: BB 'VOPT'), is pleased to announce substantial progress in its strategy to deploy groundbreaking (patent pending) wireless technology. GOLDWEB has granted VoIP Telecom exclusive rights to market its fast, reliable and inexpensive third generation ("3G") high-speed wireless LAN and WAN-based voice, data and multimedia systems. See news releases dated July 31 and August 4, 2000. GOLDWEB and VoIP Telecom have signed a Memorandum of Agreement with a major Korean industrial organization - RIFA Industrial Co. Ltd. ("RIFA") - to deploy the technology nationwide in South Korea. Accordingly, RIFA is carrying out a feasibility study focused on converting an existing 1,500,000 ADSL Internet subscriber base to a high-speed wireless service, as well as on capturing new subscribers for that service. ADSL (Asymmetric Digital Subscriber Line) is a service that uses existing, 2-wire, copper telephone wiring to offer a faster Internet connection than a standard dial-up connection for the delivery of high-speed data services to business and homes. The wireless Internet solution greatly reduces costs by bypassing the utilities to provide direct access at a much higher speed than ADSL. While in line with the costs for ADSL, cable modem and T-1 access, wireless Internet delivers greater bandwidth and the convenience of wireless operation. RIFA's target subscriber base is in and around Seoul, the capital of South Korea. All three companies will jointly cooperate to identify a wireless solution program for early adoption and implementation. GOLDWEB and VoIP Telecom shall be responsible for installing a beta site to verify 3G data transport delivery system viability, and thereafter the companies will assemble and install a turnkey operation, including installation, training and continuous after market support. The Companies expect to commence and complete the initial pilot testing over the next 60 days. On completion of the testing, the program is to deploy wireless Internet services nationwide. RIFA shall be responsible for operating, managing and financing the project throughout South Korea, including securing all necessary permits to meet applicable regulatory certification requirements, as well as sales and marketing to existing and new subscriber bases. South Korea is the first of three designated country locations where GOLDWEB has granted to VoIP Telecom entitlement to provide nationwide site licenses. Implementing this 'last mile' solution beginning in South Korea is a significant opportunity through which VoIP Telecom intends to provide value-added features. These features can be expanded into a variety of other IP (Internet Protocol) telephony applications in areas where the Company is providing VoIP network operations. About RIFA Industrial Co. Ltd. RIFA Industrial Co. Ltd. (www.rifa.co.kr) is a prominent, 50-year old industrial corporation that occupies a very significant role in Korean textiles and enjoys global renown as a dyestuffs specialist. The Company has a reputation as the largest, most dominant domestic producer, and in 1994 was the first in its sector to become listed on the Korean Stock Exchange. RIFA recently established a "high technology" division, with the intention of embarking upon an aggressive expansion program focused on opportunities for involvement in the advancement of Internet applications in the South Korean marketplace. Known as the Digital Media division, it is headed by Mr. Hee-Dong Yoo, Vice Chairman, a former Vice President at Samsung who has extensive international experience. About GoldWeb Technologies, Inc. GoldWeb Technologies Inc. markets and commercially develops the marketplace by enabling Internet Service Providers, virtual private networks, nationwide networks and international super-carriers with 'last mile' wireless technology. Such technology provides end user subscribers with high quality wireless transmission of high-speed data, voice over IP, video on demand, and warp speed Internet access that is safe, secure and inexpensive. About VoIP Telecom, Inc. VoIP Telecom Inc. is a next generation digital telecommunications company focused on the deployment of worldwide digital, voice as well as data communications via fiber optic, Internet circuit (VoIP), satellite and public switched telephone networks. The company's strategic vision is to become a leader in converging conductivity solutions by building a major consortium of the highest quality VoIP entities in order to obtain a significant market share of international long distance traffic in North America, Europe, Asia, Russia and the Middle East. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Consolidated Gold Win Ventures Inc./GoldWeb Technologies,Inc Souhail 'Abby' Farrage President Toll free: 1-877-684-6544