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To: ChrisJP who wrote (99315)	1/11/2002 2:04:03 PM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

IAWK iAsiaWorks Requests Hearing With Nasdaq to Appeal Delisting Determination Business Editors SAN MATEO, Calif.--(BUSINESS WIRE)--Jan. 11, 2002--iAsiaWorks, Inc. (Nasdaq:IAWK) today requested a hearing to appeal a Nasdaq Staff Determination that the Company's common stock is subject to delisting from the Nasdaq National Market. The Company received a letter from Nasdaq dated January 4, 2002, informing it of this determination based on non-compliance with various requirements for continued listing set forth in Nasdaq Marketplace Rules 4450(a)(3). Under Nasdaq rules, the delisting will be stayed pending the outcome of the hearing. Until then, the Company's common stock will remain listed and will continue to trade on the Nasdaq National Market. The hearing is expected to occur within 30 days of today's hearing request filing. At the hearing, the Company intends to request an extension of time to come into compliance with various Nasdaq listing requirements. The Nasdaq Listing Qualifications Panel, which would conduct the hearing, will consider the current trading price of the Company's common stock, trading activity, financial health and other factors affecting the qualifications to remain on the Nasdaq National Market. There can be no assurance that the Panel will grant the Company's request for continued listing. If the appeal is denied, the Company's common stock will be delisted from the Nasdaq National Market. In such an event, the Company's common stock will trade on the OTC Bulletin Board's electronic quotation system, or another quotation system or exchange on which the shares of the Company may qualify. The Company's shareholders will still be able to obtain current trading information, including the last trade bid and ask quotations, and share volume. About iAsiaWorks iAsiaWorks (Nasdaq:IAWK), an Asia-Pacific Internet data center (IDC) company and hosting service provider, offers hosting services in Taiwan. Forward Looking Statements This press release contains forward-looking statements. Actual results may differ from expectations due to a number of different factors including: the capital markets, the political, legal and economic markets in Taiwan, competition in these markets and the inability to manage the business due to the company's well-publicized financial problems. The matters discussed in this press release also involve risks and uncertainties as described in iAsiaWorks' public filings and most recent Form 10-Q as filed with the SEC. --30--nj/sf* CONTACT: iAsiaWorks Andrew Gidney, 650/524-1790 KEYWORD: CALIFORNIA TAIWAN INTERNATIONAL ASIA PACIFIC INDUSTRY KEYWORD: INTERNET NETWORKING SOURCE: iAsiaWorks Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *