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Technology Stocks : Softbank Group Corp -- Ignore unavailable to you. Want to Upgrade?

To: andreas fauler who wrote (49)	3/31/1999 8:37:00 AM
From: TobagoJack	Read Replies (1) \| Respond to of 6018

Some more news about what is happening outside of Japan for 9984 ... Mar 29, 1999 (Asia Pulse via COMTEX) -- Press releases distributed by AsiaNet to Asia Pulse today: ASIA ONLINE.... HONG KONG: Softbank Technology Ventures, a dominant force in Internet investments, has substantially increased its shareholding in Asia Communications Global Ltd. (ACGL), the parent company of pioneering regional Internet service provider, Asia Online. Headquarters will continue to be in Hong Kong. Softbank, which first took a position in ACGL in late 1996, have acquired a majority of the groups shares. In addition, Softbank is making a major commitment to the region with new investments. The move is the spearhead of a long-term strategy by Softbank to dramatically increase its presence in a vibrant Asian Internet industry. Softbank, which already has positions in more than 70 Internet-related stocks, among them Yahoo, E*Trade, Sage Networks, Comdex, ZDNet, Concentric, Frontier Global Center, Buy.com, Verisign, Geocities and USWeb, plans to make a series of strategic investments in similar Asian businesses in the coming months under a newly formed Asia Online multi-national umbrella. APPOINTMENTS: Following its acquisition by Internet giant, Softbank Technology Ventures, Hong Kong-based Asia Online has announced two key appointments to help drive the company's regional expansion and acquisition program. In announcing the appointments of Edward Roberto as executive vice president of business development and Lee Kheng Joo as vice president of business development, Chief Executive Officer Kevin Randolph said that Asia Online was now prepared to tackle its objective of becoming a major regional Internet force. "Mr. Roberto's and Mr. Lee's extensive experience in Asia will dramatically accelerate our business plan," said Mr. Randolph. Softbanks stated objective is to build on the name, experience and resources which Asia Online has developed in Hong Kong, using these to establish a pan-Australasian network of Internet service providers and other Internet related businesses.