PRESS RELEASE Yangon, Myanmar-May 2, 2001, Myanmar Inforithm Ltd. a pioneer and leading producer of interactive software and Internet web sites, has reached a definitive agreement to merge with Maze Media Co., Ltd., a leading provider of e-Commerce solutions and services. The merger will result in combining the resources, customer base and product development expertise of both companies. This combination will allow the new company, Inforithm-Maze, to meet the growing needs of digital business, education, and media industries more effectively.

U Chit Tun Pe, CEO of Inforithm and Chairman of Inforithm-Maze, said, "This merger has been synergistic to our vision. Working within the Inforithm-Maze structure, we will be better positioned to maximize opportunities and build upon our years of experience in fulfilling consumer digital needs. The team we already have assembled, plus other key management personnel to be announced in the near future, we are well positioned to make Inforithm-Maze a leading force in the Internet and e-commerce portal community as well as key player in the software industry of Myanmar." U Chit Tun Pe further stated, "We are pleased to report that we remain on-track with Inforithm-Maze business model and we intend to continue to aggressively expand. Inforithm-Maze will debut offering a revolutionary e-commerce experience bringing complete turn-key Internet/Intranet solutions to businesses, along with products and information to businesses and individuals."

U Thaung Su Nyein, CEO of Maze Media and Inforithm-Maze, added, "These are exciting times for not only Inforithm-Maze but Myanmar's IT industry as a whole. Coinciding with the developments in our industry regarding software development and communications infrastructure, this merger has the potential to help promote Myanmar's IT industry to the world. Maze Media has focused on improving its e-commerce and web-based technology from the start. Adding Inforithm's multimedia prowess to the mix creates an exciting prospect to this new merger. We believe that Inforithm-Maze is uniquely positioned to service both local and foreign businesses on a global scale."
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Inforithm-Maze created by the merger of:
Myanmar Inforithm Ltd. Headquartered in Yangon, Myanmar, Inforithm is a pioneer and leading multimedia software developer in Myanmar. Founded in 1997, the company's experience covers a range of topics and subjects, producing several interactive software titles on training, reference, encyclopedias, and trade directories. By combining its strength in programming, graphic, database design, and with a continued study of industry developments, Inforithm's work soon evolved to developing Internet and Intranet applications.
Maze Media Co., Ltd. Founded in January 2000 and headquartered in Yangon, Myanmar, Maze Media is a leading provider of web solutions and services to businesses in Myanmar. Since its inception, the company has been providing an array of IT solutions, ranging from Intranet-based business software to web site development.