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Henderson & Associates and Wyith form strategic alliance

Hongkong - June 1, 2000 - Wyith Incorporated, a top e-business solutions provider in Asia, and Henderson & Associates, the leader in engineering and professional publishing, today announced a strategic alliance in Asia, aiming to bring new online events and publication-oriented resources to over 18,000 chartered engineers in Hong Kong with The Hong Kong Institution of Engineers (HKIE).

The alliance will expand both H&A and Wyith's capabilities in the 'Distribute and Reach' aspect of both companies' business models, respectively. The investments will also further enhance Wyith Incorporated's growing e-Commerce service offerings.

Mr Patrick Leung, Managing Director of Henderson and Associates Limited, said, "we recognize the power of the Internet in bringing great benefits to the publication industry and also to the engineering profession. The success of this effort will certainly depend on the ability to build web sites, distribute content over trusted portals, and develop e-business strategies to facilitate the e-commerce boom in the field. This is why we are both focusing on making investments to strengthen our 'Distribute and Reach' business models and working to help the engineering profession realize its full Internet potential."

Dr Raymond Cheng, Managing Director of Wyith Incorporated, said, "The alliance reflects the strong commitment that we have always made in the profession. We have been working with both the public and private sectors to develop and enhance Internet services in China since 1990. With our strategic partner and our staff's drive and ambition, we will continue to create exciting opportunities for the development of the Internet and e-commerce in the field."

About Henderson and Associates Limited

Henderson & Associates Limited has been publishing in Hong Kong since 1991. H&A focuses on producing top quality magazines and books for professional organizations, including Asia Engineer and HKIE Yearbook for its Hong Kong client, The Hong Kong Institution of Engineers (HKIE). Others include FEISEAP News for the Federation of Engineering Institutions of Southeast Asia and the Pacific, and Career Prospects Directory which is an informative yearly guidebook offering information and advice on job hunting and opportunities for graduating students from universities in Hong Kong. During the company's seven years of operations it has earned a reputation for publishing excellence.

About The Hong Kong Institution of Engineers

The Engineering Society of Hong Kong was founded in 1947 with the aim of bringing together engineers of different disciplines for their common good. The Society flourished and as a result Hong Kong Institution of Engineers (HKIE) was incorporated by Government Ordinance in 1975 and continues to develop and expand, adapting to the needs of engineers in Hong Kong. In 1982, the Hong Kong Government decided to recognise Corporate Members of HKIE for civil service. Membership in HKIE is now the primary qualification for employment as a professional engineer in Hong Kong.

About Wyith Incorporated

Founded in 1991, the company is a provider of corporate MIS applications, backend IT services and is a strategic consultant of e-business. The company's wholly owned division, Wyith Limited, is also a world class leader in B2C domain-based services, including domain registrations in over 70 countries, Web hosting and related services. The business has serviced over 40,000 customers worldwide, spanning 110 countries.

For further information, please contact:

Lewina Ng
Henderson and Associates Limited
Email: lewina@h-and-a.com

Chester Chan
Manager - Systems and Carrier Services
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