iSteelAsia.com To Join Forces With Scient,
To Further Expand eBusiness

HONG KONG, March 15, 2000 - Building on its successful launch as Asia's first steel exchange vertical portal, iSteelAsia.com today announced the engagement of Scient, the leading eBusiness Systems Innovator', to further expand its eBusiness. Under the agreement, Scient will work closely with iSteelAsia.com to further enhance their eBusiness infrastructure and strategies to enable continued competitive advantage by creating an innovative eBusiness.

Scient is leading the new category of professional services called systems innovation. Scient provides eBusiness strategy and technology services to Global 1000 and "start-up" clients. These services include eBusiness strategy; eBusiness systems that are rapidly architected, engineered and delivered; and just-in-time innovations designed to enhance and extend eBusinesses. Headquartered in San Francisco with offices in New York, Dallas, Boston, Singapore, London, Chicago, Silicon Valley and Austin, Scient can be reached at www.scient.com

Mr Andrew Yao, Founder, Chairman and CEO of iSteelAsia.com said: "Scient has an enviable track record of rapidly building innovative ebusinesses, and creating value for their clients. Scient's talented colleagues are world leaders in systems innovation. iSteelAsia.com is thrilled to be working with Scient, the proven leader."

Kenneth Lee, Scient Vice President & Managing Director - Asia Pacific, commented, "Scient is pleased to be working with iSteelAsia.com and we look forward to helping them create an innovative eBusiness based on the opportunities in the steel industry sector. Scient is committed to building leading, innovative companies in Asia-Pacific such as iSteelAsia.com."

iSteelAsia.com also announced a critical strengthening of its senior management team. Comprising Mr. Andrew Yao - Founder, Chairman and CEO, Ms. Drina Yue - Director and Chief Operating Officer, Mr. Riyaz Moorani - Chief Technology Officer of the Group, Ms. Miriam Yao - Founder and Director of Business Development, Mr. Anthony William Dixon - Director of Strategic Alliance - Asia and Mr. Godwin Hwa - Head of Corporate Development, iSteelAsia.com now has a senior management team in place ready to revolutionize the Asian steel industry.

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.

Note to editor: for the latest developments on iSteelAsia.com, please check the Press Room at www.isteelasia.com.

Photo 1 (from left to right)

Ms Miriam Yao, Founder & Director of Business Development, iSteelAsia.com
Mr Moses Tsang, Non-Executive Director, iSteelAsia.com
Mr Riyaz Moorani, Chief Technology Officer, iSteelAsia.com
Ms Lena Foo, Founder & Non-Executive Director, iSteelAsia.com
Ms Drina Yue, Director & Chief Operating Officer, iSteelAsia.com
Mr Anthony William Dixon, Director of Strategic Alliance-Asia, iSteelAsia.com
Mr Andrew Yao, Founder, Chairman & CEO, iSteelAsia.com

Photo 2 (from left to right)

Mr Kenneth P. Lee, VP & Managing Director, Scient Asia Pacific
Mr Scott Frisbie , Chief Technology Officer, Scient
Ms Miriam Yao, Founder & Director of Business Development, iSteelAsia.com
Mr Matthew Johnston, Director of Corporate Development, iMerchants
Ms Drina Yue, Director & Chief Operating Officer, iSteelAsia.com
Mr Anthony William Dixon, Director of Strategic Alliance-Asia, iSteelAsia.com
Mr Andrew Yao, Founder, Chairman & CEO, iSteelAsia.com
Mr John Lee, Managing Director, Scient