Hong Kong, August 31, 1999
Experienced Manager of High Profile Media/Technology Start-ups Strengthens Team
— 24/7 Media Asia Ltd., a China.com Corporation company (NASDAQ: CHINA), today announced the recent appointment of start-up veteran Patrick Jonathan Wong to the position of Deputy Managing Director, Asia Pacific.
Mr Wong takes responsibility for establishing the first pan-Asian internet advertising and interactive marketing network across the Asia Pacific region. Mr Wong will be based in the Hong Kong headquarters of 24/7 Media Asia Ltd.
Mr Wong's key roles will be to build 24/7 Media Asia's market presence by recruiting and managing new sales teams for the pan-Asian and US markets, to grow a high quality alliance of interactive advertising sites and advertisers throughout the region and to initiate a series of partnerships, mergers and acquisitions to expand the network rapidly across the region.
"Patrick has over ten years of start-up and operational experience with a wide range of global and regional media, broadcasting, telecoms and satellite ventures in the region," commented Peter Hamilton, Chief Operating Officer, China.com Corporation. "Patrick's tremendous experience with ambitious, high profile organisations provides 24/7 Media Asia with a firm, locally-rooted foundation on which to build our business in the region."
Previously Mr Wong was part of the team that launched Star TV in 1990, taking a number of senior management positions within the company and its subsequent parent, News Corporation, when News Corporation acquired the network in 1993. Star TV, the first pan-Asian satellite television network is now being received by over 260 million viewers across Asia.
In 1994 Mr Wong rejoined the founders of Star TV and worked on the launch of Corporate Access, Pacific Century Group's satellite telecoms venture - the first pan-Asian VSAT-based telecoms network. Mr Wong then transfered to Hutchison Whampoa to serve as Asia's Vice President for Sales & Marketing and Business Development when Corporate Access was acquired by Hutchison Telecoms in 1995. Mr Wong was a co-founder of East West Ventures, a venture capital firm involved in technology transfer between the US and Asia.
Prior to joining 24/7 Media Asia, Mr Wong was Asia's Regional Director for Loral Space & Communications' multi billion dollar satellite venture, Globalstar, a constellation of 48 satellites that provides wireless global mobile communications virtually anywhere in the world. Mr Wong's departure from Globalstar marks the latest example of an executive at an established company who is lured by the internet. He joined 24/7 Media Asia prior to its parent, China.com Corporation's NASDAQ listing in July of this year.
About 24/7 Media Asia
24/7 Media Asia, a China.com Corporation company, delivers unparalleled Internet advertising and online direct marketing solutions for advertisers and Web publishers across the Asia region. Reaching a potential market of over 23.4 million Internet users in Asia1 (including Japan), 24/7 Media Asia's highly targeted ad-serving network includes Greater China, the ASEAN nations, Australia, India, South Korea and Japan. The 24/7 Media Asia network of over 175 Web site affiliates attracts a broad set of Asian advertisers and international companies interested in advertising in Asia. Over 200 leading global and regional advertisers and agencies have signed up with 24/7 Media Asia, including Sony Corporation, Mitsubishi Motor Corporation, Compaq, Microsoft, KLM Royal Dutch Airways, Mild Seven Outdoor Quest, Ericsson, and AT&T. 24/7 Media Asia is a wholly owned subsidiary of China.com Corporation [NASDAQ: CHINA], developed in cooperation with 24/7 Media, Inc. [NASDAQ: TFSM].
About China.com Corporation
China.com Corporation [NASDAQ: CHINA] is a comprehensive, pan-Asian, integrated Internet business providing a full range of solutions that build, distribute and sell services for the Internet in Asia. China.com Corporation has a strong and innovative Internet-based business strategy which covers its portal network (hongkong.com, china.com, cww.com and taiwan.com), Web-based e-commerce and e-solutions business (the Web Connection) and Internet advertising network (24/7 Media Asia). Today, China.com Corporation is committed to facilitating the development of the Internet in Asia, and has over 430 staff in 12 offices across 7 Asian countries.
About 24/7 Media
Reaching more than half of all online users in the U.S., 24/7 Media, Inc. is one of the largest Internet media companies. Through its global online advertising and direct marketing networks, 24/7 Media provides a full-suite of online media sales services to advertisers and Web publishers. Through its flagship networks, 24/7 Media represents more than 2.5 billion ad impressions per month on more than 300 high-profile sites globally. In 1999, 24/7 Media acquired Sift, Inc., a leading e-mail marketing company, and ConsumerNet, a leading provider of email marketing solutions and formed 24/7 Mail, an independent subsidiary of 24/7 Media. 24/7 Media also owns and operates 24/7 Profilz(TM), the first online co-op database of Web user profiles used to deliver targeted online banner and email campaigns. Based in New York, 24/7 Media, Inc. is a publicly traded company (NASDAQ: TFSM) with offices in 28 cities in 15 countries. For more information please visit www.247media.com.
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