Hong Kong, Aug. 4, 2000 - PowerNet Internet Group signs up as a member of the Millennium Group Ltd.(HKSEC:260). According to Mr William Kam, CTO of PowerNet, "With Millennium, we can now further leverage our position to become one of the fastest growing Internet technology and services company in Asia. With our Internet expertise, particularly in network integration and architecture, we will release synergies between various Internet companies to add value to our group. Such companies include those engaged in Internet infrastructure, e-commerce, IP telephony, networking and software. We expect our business of building ICPs, portals, ASPs, Internet and Intranet networks to expand tremendously in the coming two years."

Mr Samuel Kam, CEO of PowerNet comments, "We're happy to reach this deal with Dr Lincoln Chee, Millennium's Chairman and with Savio Kwong, Millennium's CEO. We are recognized as one of the truly few Internet companies in Asia with intensive Internet knowledge and expertise. Unlike other companies, we are an Internet technology company who develops our products with over four years of Internet/Intranet building experience in Hong Kong. Now is the time to move on to the next level and establish an extensive market with our technology."