ITG to provide e-commerce infrastructure in Asia Pacific

SINGAPORE, 15 June 2000 - Internet Technology Group (ITG) is an Internet operating and investment holding company that provides funds and management skills to business-to-business (B2B). Partner companies in the network can leverage off each other for services and support.

A key strategy of ITG is to integrate its portfolio of businesses, known as Partner Companies into a collaborative network . ITG would provide guidance and operational support to its partners and promote business synergies between the partner companies.

According to Mr. Koh Boon Hwee, Chairman of ITG, it's collaborative network would provide a business model that would be highly effective in Asia Pacific's New Economy environment. Activities would be highly similar to Internet-focused holding companies such as CMGI and Internet Capital Group.

ITG is backed by a consortium of companies, including Ossia International Ltd., which has been making a concerted push into the Internet arena over the past year, by acquiring a number of businesses operating in B2B e-commerce.

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