24/7 Media Asia Signs over 175 Major Asian Affiliated Web Sites and Secures over 200 Global and Asian Advertisers Within 6 months

Hong Kong, August 31, 1999 — 24/7 Media Asia Limited, a China.com Corporation company [NASDAQ: CHINA], hassecured advertising sales representation with over 175 major Asian Affiliated Web sites since its commencement of operations in December 1998.

24/7 Media Asia currently serves an aggregated figure of over 30 million impressions per day. Over 200 leading global and regional advertisers and agencies have signed up with the company, including Sony Corporation, Mitsubishi Motor Corporation, Compaq, Microsoft, KLM Royal Dutch Airways, Mild Seven Outdoor Quest, and AT&T.

According to a recent Goldman Sachs research report, the aggregate Internet advertising market in Asia could be worth as much as US$1.5 billion by 2001.

Patrick Jonathan Wong, head of 24/7 Media Asia said: "Advertising is increasingly being recognized as the key economy of the Internet. As a leading provider of Internet advertising solutions, 24/7 Media Asia is ideally positioned to take advantage of this trend across the region. "


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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