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To: Francois Goelo who wrote (546)	4/22/1999 9:52:00 AM
From: chapin	Read Replies (1) \| Respond to of 1567

(BSNS WIRE) CathayOnline Announces Acquisition of Lottery Kiosks in Chin CathayOnline Announces Acquisition of Lottery Kiosks in China Business Editors NEW YORK--(BUSINESS WIRE)--April 22, 1999--The Board of Directors of CathayOnline (OTC BB:KYOM) has completed its corporate business plan and initial due diligence and will proceed to acquire the first Lottery Kiosks upon the receipt of its favorable legal opinion. This is expected to be completed during the next month. The Company has targeted a city in China with a population in excess of eight (8) million people to launch the project. The acquisition of approximately 200 electronic lottery kiosks is expected during the first phase of operations. The lottery kiosks earn 6% of gross revenues generated for the lotteries. It is estimated US $1.3 billion in lotteries were sold in the last 9 months. Lotteries in China are still in their infancy with only 6% of the population having indulged in Lotteries compared to 85% in the United States. This project confirms the focus of the Company to engage in businesses that provide significant cash flow opportunities and established management. CATHAYONLINE INC. On Behalf of the Board of Directors Brian Ransom, Director More information can be obtained about CathayOnline by visiting wfg.com. Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "forward-looking statements" for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended by Public Law 104-67. Forward-looking statements may be identified by words including "anticipate," "believe," "intends," "estimates," "expect," and similar expressions. The Company cautions readers that forward-looking statements, including without limitation, those relating to the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. --30--sdf/sf* CONTACT: WORLDVISION FINANCIAL Susan Kough, 888/345-6060 or 407/834-8944 KEYWORD: NEW YORK INTERNATIONAL ASIA PACIFIC INDUSTRY KEYWORD: ENTERTAINMENT INTERACTIVE/MULTIMEDIA/INTERNET COMED PRODUCT MERGERS/ACQ 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 *

To: Francois Goelo who wrote (546)	4/22/1999 9:58:00 AM
From: FFNEODOC	Read Replies (2) \| Respond to of 1567

Sec 10 for XNET soon; Sprintcar got an email response from E Cheung about the Sec 10; Message 9072039 Low volume on XNET this morning, but they're mostly buys, Good Luck Frank

To: Francois Goelo who wrote (546)	4/22/1999 10:53:00 AM
From: beta_dog	Read Replies (2) \| Respond to of 1567

Francois, did you see the press release from asmc today? NEW YORK--(BUSINESS WIRE)--April 22, 1999--New York-based Asia Media Communications' (OTC BB:ASMC) MyWeb business unit announced today its second strategic alliance in a week with a major operating unit of China Telecom. ChinaNet, the Internet Service Provider arm of the huge Chinese telecommunications company, has finalized an agreement with MyWeb under which ChinaNet will deploy and market the MyWeb On-Line Service (MOS) Web portal. The agreement, believed to be the first co-marketing pact by ChinaNet with any company, will make MyWeb's Web portal available to ChinaNet's estimated 600,000 registered subscribers and 2.1 million users. When combined with the current user base of MyWeb's online service, MyWeb now has the potential to receive as many as 2.5 - 3.5 million unique visitors per month. According to T.S. Wong, Asia Media's president and CEO, ''ChinaNet is the Internet backbone provider and bill collector for every ISP in China. Therefore, every Internet user in China is theoretically a ChinaNet subscriber.'' Under the terms of the first-ever co-marketing agreement for ChinaNet, both ChinaNet and MyWeb will jointly promote MOS, with ChinaNet placing a large MyWeb banner ad on its front page. Joint co-marketing activities will commence in May. Check it out, exciting news, very exciting news. -Beta.