@Network and CyberCity Investments Form Joint Venture to Bring Integrated E-Business Services to Greater China CyberCity@Network to Develop Network Infrastructure and Data Centers to Link Mainland China to Asia-Pacific IP Backbone SAN JOSE, Calif., July 20 /PRNewswire-AsiaNet/ -- @Network, a leading global e-content delivery and integrated communications service provider, today announced a strategic partnership with CyberCity Investments Ltd. to form CyberCity@Network, the first step in developing integrated e-business services throughout China. CyberCity@Network will consolidate the joint companies' applications and e-business services to provide a complete Chinese hosting, localization and marketing solution. Linking China to @Network's existing Asian-based IP infrastructure, the partnership opens the door for e-business vendors to capitalize on the growing Chinese Internet market. "By the year 2005, the Chinese Internet market will have an estimated 50 million users," said Michael Kuan, managing director of CyberCity Investments. "The need for an integrated, robust and rapid solution is evident. We are pleased to be working with @Network in providing that solution." Under the agreement, @Network and CyberCity Investments will each contribute US$3 million to initially fund the operations. CyberCity will be responsible for obtaining additional funds from Chinese investors, as well as securing partners for the development of Internet Data Centers (iDCs) throughout China. In addition to providing global connectivity and localization services, @Network will provide the technology, training and operations support to develop and maintain the iDCs and infrastructure. CyberCity@Network will be headquartered in Hong Kong. "I believe this is an important step in our Chinese strategy and implementation," said Fan Kau, @Network's president and chief executive officer. "We will be rolling out several data centers in key locations over the next two quarters, including Hong Kong, Shanghai, Beijing, Shenzhen and Guangzhou." The China based iDCs will enable customers to enjoy faster deployment and @Network's integrated collection of e-business services. @Network is currently developing an Asian based data and voice infrastructure linked to North America through an intelligent, Trans-Pacific virtual backbone. Centered around a Tokyo hub, this IP infrastructure allows @Network to host, co-locate and manage e-commerce web content from US vendors in one unified virtual network throughout Asia. The CyberCity@Network solution will include web hosting, co-location, content delivery, systems integration, B2B trading networks, ASP, ISP and CRM services. Other value added services will be tailored to meet the individual needs of both US and Asian e-commerce vendors, including multilingual Internet Call Center support, Virtual Private Networks (VPN), ISP services with service level guarantees, web content localization, and Asian marketing. About CyberCity Investments Ltd. CyberCity Investments Ltd. is mandated to invest in technology companies and assumes an active management role in building new businesses while catering to the explosive growth of the Chinese Internet market. By capitalizing on synergistic collaborations with other companies, they are able to develop strategic alliances for building large-scale Internet infrastructure and e-content businesses interested in the Chinese markets. Visit their website at www.cybercityhk.com. About @Network Headquartered in San Jose, California, @Network is a global e-content delivery network and communications provider with offices throughout Asia and the US. Utilizing their strategically located Internet Data Centers (iDCs), Internet infrastructure, and comprehensive suite of e-business support services, @Network offers unrivaled coverage in the Asia-Pacific region, enabling businesses to meet the challenges of the global marketplace. @Network was founded in 1999 with private investments and strategic VC funding. Visit www.atnetworkinc.com or call 888-969-1688. SOURCE: @Network CONTACT: Erin Kennedy of @Network, 408-573-7600, ext. 134, or [email protected]; or Jennifer Cheek of e21corp, 510-226-6780, ext. 111, or [email protected], for @Network Web site: http://www.cybercityhk.com Web site: http://www.atnetworkinc.com -END-