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To: JoAnn who wrote (33134)	12/23/1998 1:04:00 PM
From: JoAnn	Read Replies (2) \| Respond to of 119973

CNKT news Virtual One and ConnectInc.com Launch the Malaysian Trade Electronic Exchange PR Newswire, Wednesday, December 23, 1998 at 09:47 MOUNTAIN VIEW, Calif., Dec. 23 /PRNewswire/ -- Virtual One Sdn Bhd, the e-commerce subsidiary of Multimedia Development Corporation (MDC) and ConnectInc.com (NASDAQ:CNKT) have launched the Malaysian Trade Electronic Exchange (MTeX). The business-to-business e-commerce initiative is one of the major projects under MDC's e-commerce trading infrastructure for Malaysian manufacturers and producers to provide ease of procurement and greater marketplace accessibility for Malaysian companies and their business customers. The site is a collaboration of ConnectInc.com's solution services and an OEM version of ConnectInc.com's MarketStream. It extends the partnership between ConnectInc.com and Virtual One, which has included other joint development efforts. MTeX is scheduled for a pilot run with 20 Malaysian companies early next year, and the repository is expected to soar to 500 companies by the end of 1999. "MTeX is targeted at commercial buyers of Malaysian products," said Zurina Datuk Zubir, CEO of Virtual One. "Many of the existing business Internet sites are e-catalogue and corporate information sites that are not designed for transactions, and thus result in little or no business transactions at all. MTeX is designed as a transactional site and is business-focused." George Gan, Executive Director of Virtual One added, "We are building a site that has global trust ... Malaysian brand trust through a world-class infrastructure. Each company that is registered with us carries the 'e-Malaysia' insignia that immediately tells an overseas customer that this company is safe to deal with." ConnectInc.com's president and CEO Craig Norris commented, "We are very pleased to extend our partnership with Virtual One. MTeX is an example of using the Internet to support an economic and business model for extending e-commerce across global boundaries. This effort represents a great example of ConnectInc.com's new solution business model, where we are able to capitalize on our extensive experience in business-to-business e-commerce solutions to deliver value quickly." About ConnectInc.com ConnectInc.com provides comprehensive software solutions and services to enable Internet-based electronic commerce and build the "Connected Corporation" from any link in the emerging digital supply chain. ConnectInc.com's webtime-driven professional services assist connected corporations to build open, multi-vendor e-business solutions that allow them to compete effectively in the digital economy. For more information, telephone 800-262-2638 or access the ConnectInc.com World Wide Web site at www.connectinc.com. About Virtual One Virtual One Sdn Bhd, is the electronic commerce (e-commerce) subsidiary of the Malaysian government's Multimedia Development Corporation. Its role is to support the national e-commerce masterplan by providing strategy and implementation capabilities to use the power of the Internet to support Malaysian initiatives. Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Potential risks include, without limitation, those mentioned in the Company's 1997 annual report on form 10-K and the quarterly reports on Form 10-Q for the quarters ending March 31, 1998, June 30, 1998, and September 30, 1998, and in particular the Company's ability to implement its revised business model focused on solution services, acceptance by the marketplace of the Company's services and the Company's ability to implement its revised business model with its existing cash resources. SOURCE ConnectInc.com -0- 12/23/98 /CONTACT: Craig Norris, President and CEO of ConnectInc.com, 650-254-4015, or cnorris@connectinc.com; or Zurina Datuk Zubir, President and CEO of Virtual One, in Malaysia, 011-603-966-0699, or Zurinaz@vone.com.my/ /Web site: connectinc.com Companies or Securities discussed in this article: Symbol Name NASDAQ:CNKT Connect Inc