iSteelAsia.com's First International Agency Conference a Winner

Hong Kong, April 26, 2000 - iSteelAsia.com , Asia's online steel trading pioneer, further enhanced its business development capabilities by hosting a highly successful two-day conference for its international agencies on the 25th and 26th of March at the Hong Kong Convention and Exhibition Centre, which was attended by representatives from Europe, the Americas and the Asian region as well as the local team.

"The two days were immensely productive and the interchange of ideas and experience from the various markets proved invaluable", said Ms Miriam Yao, iSteelAsia.com's Founder & Director of Business Development. "It also underlined the fact that, even though our business is done over the Internet, there is no substitute for meeting face-to-face with our business partners from time to time and exchanging ideas and knowledge", she added.

"It was an excellent team building exercise", said Mr. Philip Lee, VP Global Business Development for iSteelAsia.com. "In a new operation like iSteelAsia.com, we all need to be pulling in the same direction if we are to achieve our common goal of becoming the dominant steel online trading place."

Attendees from all around the world were equally enthusiastic in their responses:

"A very inspiring get-together that will certainly lead to bigger things"

"The interaction has taken us all a long way forward in developing positive strategies in branding iSteelAsia.com and network building for steel transactions online"

Ms. Drina Yue, Director and Chief Operating Officer of iSteelAsia.com, summed up by saying "This may have been the first forum we have organized but it will definitely not be the last. What came across to us in a most encouraging way is that we have certainly got the best and winning team. That makes implementing our strategy and dominating the industry a reality."

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.