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Press release

7 February 2002

NEW MOBILE INTERNET PORTAL TO PROVIDE TOP GRADE MESSAGING SERVICES FOR ALL BUSINESSES

QuickNet Com introduces mobileExec, as the answer to fast, reliable and accountable messaging solutions, suitable for executives & businesses to communicate efficiently & cost effectively.


KUALA LUMPUR - Mobility solutions provider, QuickNet Com (M) Sdn Bhd, today introduced its mobile internet portal, ' mobileExec', that allows the delivery of a host of messaging solutions and services targeted at the business community. This is the first time that a local solutions provider is focusing its products for the executive and business markets for improved business communications.

mobileExec capitalizes on the growing use of short message services (SMS) in providing secure, reliable delivery of messages across multiple carrier networks to any mobile and wireless devices, including mobile phones and personal digital assistants (PDAs). It leverages on its proven technology to provide a source of constant communications anywhere and anytime, between users and their business partners, customers and employees, at a lower cost.

"The past six months have seen a tremendous surge in the usage of SMS, and we are confident that the market is ready to take on a business specific messaging service specially for executives and enterprises" said QuickNet Com Chairman & CEO, Ramli Amat. Industry feedback indicates local average usage of more than 500 million SMS per month last year.

"We are promising commercial-grade services that are crucial for businesses and ensures delivery of messaging at high speed via our leased lines to major mobile operators," he said. The mobileExec application allows for the delivery of customized information to users based on intelligent business rules and personal filters. It also offers administration tools for user management, system monitoring and message tracking.

"Our infrastructure and network are built on 724 Solutions' carrier-grade technology that is a proven technology for many successful telcos and large enterprises, especially financial institutions, thus enabling us to provide these top notch services," he added. 724 Solutions Inc. (NASDAQ National Market - SVNX & Toronto Stock Exchange - SVN) is a Canadian-based technology provider that has built major infrastructures using its Wireless Internet Platform (WIP) for NTT Docomo, China Mobile, JPMorgan Chase, Wells Fargo Bank, Credit Suisse, Citigroup and The Bank of Kuwait, among others.

The WIP is a suite of software products that run server-side at an enterprise, carrier or portal, extending messaging and transaction applications to users with wireless devises. 724 Solutions' WIP was awarded the KPMG "Product of the Year" (Oct 9, 2001), recognized by Open Systems Advisors, Inc as a Crossroads 2001 A-List Award winner and most recently noted as one of the Top 100 Emerging Companies for 2002 by U.S.-based Computerworld.

"This technology architecture is also highly scalable and we are poised to interface with new emerging technologies such as GPRS and 3G, as they are rolled out in Malaysia," explained Ramli.

mobileExec's services and solutions are divided into several market communities - executives and small offices small offices (SOHOs), small medium industries (SMIs), as well as enterprises. Executive SMS is a prepaid service with features such as sending messages, alerts, delayed SMS, message status among others. This is a web-based application provided via the mobileExec web site at www.mobileExec.net.

"For the enterprise community, we will be focusing on organizations that emphasizes on client relationships such as financial institutions, those offering loyalty programs, service-based companies and retail", explained Ramli. "Our mobile customer relationship management (CRM) applications will enable customized and targeted marketing (advertisements, coupons, discounts, promotions), service notifications, reminders and tracking, among others It also allows enterprises to communicate with its workforce, while providing employees with increased efficiency by being able to access corporate data and make decisions on the go.

"Apart from continuously expanding and enhancing services and solutions, we will soon extend our services to m-commerce thus enabling transactions over wireless devises such as buying & selling and bill payments," said Ramli.

QuickNet Com will also provide enterprises that are interested in building its own mobile internet services, with necessary application programming interfaces (APIs), consulting, software development, capacity planning, project management, training and even hosting using its Mobile Portal & Gateway Services.

Since its inception in mid-2000, QuickNet Com, has invested some RM 3 million in infrastructure and networking (including software development, ISP back-ups to both TMnet and Jaring and leased lines to various mobile operators) as well as HR and training. "We expect to see a return on investment in the next 16 months," said Ramli

For mobileExec, QuickNet Com is targeting revenues of RM 10 million for its first year of operations. "We are excited and positive of both local and global recovery and interest in accelerating and introducing the use of mobile wireless applications and we are looking forward to a 100% year-on-year growth over the next three (3) years," he further added.

Within the next 12 months, QuickNet Com is confident of securing 10,000 executive and SMIs customers with mobileExec, and 100 enterprises nationwide. Apart from its in-house marketing team, QuickNet Com also aims to partner with 3-5 advertising & media companies especially for promoting its mobile CRM capabilities, as well as 2-3 systems integrators.

About QuickNet Com
QuickNet Com (M) Sdn Bhd is a mobility solutions provider established in mid-2000. The company focuses on providing commercial grade mobility solutions, enabling new business models and services in the mobile Internet space to meet the growing consumer expectations. This includes provisions for application solutions that facilitate and enable transactions in the mobile marketplace.

Apart from mobileExec, QuickNet Com also develops and owns several other e-communities, such as asianExec.com - a community for executives focusing on personal, professional development and management education.

For more information on QuickNet Com log onto www.quicknetcom.com or for mobileExec log onto www.mobileExec.net.

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