iSteelAsia.com selects iLink Global as its shipping and logistics provider
Chicago-based leader in global shipping services to provide e-logistics for Asian-based global steel exchange customers

2000/08/10

CHICAGO - Hong Kong-based iSteelAsia.com (HKSE: 8080), the world's only publicly traded steel exchange, has selected iLink Global as its global shipping and logistics provider.

"We are impressed by iLink Global's speed, convenience and efficiency. Relying on iLink Global's comprehensive global shipping and e-logistic solutions, we will be able to offer our members all-inclusive, multi-modal, real-time domestic and international shipping cost quotes," said iSteelAsia.com Chief Operating Officer Drina Yue.

Under the terms of the mutual agreement, Chicago-based iLink Global will utilize its pricing technology and logistics expertise to streamline the shipping process for iSteelAsia.com's international steel traders. iLink Global will supply iSteelAsia.com with its e-logistics technology and services, which provide, capture, transfer and update the following information:

"iSteelAsia.com dominates Asia's online steel trade, and our e-logistics solutions will further solidify its place in the global steel marketplace," said iLink Global Chairman David Stukel. "We're excited that our real-time online quoting and booking capabilities will help iSteelAsia.com buyers and sellers conduct business more efficiently and effectively."

About iLink Global

Launched in 1999, iLink Global is the first-to-market provider of comprehensive global shipping and e-logistic solutions for e-businesses. Working seamlessly with clients' e-commerce Web sites, iLink Global has the unique capabilities of providing online, real-time shipping quotes and online, real-time booking. The company manages the shipping process door-to-door, including all carriers, brokers and customs compliance issues. In addition, clients can track shipments and access customer service online 24 hours a day, seven days a week. Based in Glen Ellyn, Ill., clients include TranShopNet.com, Neoforma.com, Liquidation.com and CmXchange.com. iLink Global is backed by William Blair New World Ventures and KB Partners. For more information visit www.ilinkglobal.com.

About iSteelAsia.com Limited
Launched in December 1999, iSteelAsia.com (iSteelAsia) was Asia's first online exchange for trading in steel and steel products. It is the first of its kind to be listed on the Hong Kong Stock Exchange's GEM board in April 2000. Focused on the Asian steel community, iSteelAsia aims to offer an open and neutral marketplace for steel trading. Trading competitiveness and efficiency are optimised on iSteelAsia as players can access a full spectrum of buyers and sellers and timely market knowledge. iSteelAsia serves as a single point of contact offering financing, insurance, surveying, shipping and logistics services, providing members with a one-stop end-to-end steel trading.

To date, iSteelAsia has over 2,600 registered members who regularly use its online trading services and access into its online Reuters and Asia Information Resources News.