bigboXX.com launches with over 200 customers

New state-of-the-art Distribution Centre opens

Hong Kong, 18 July 2000– bigboXX.com Hong Kong’s premier office and business supplies e-commerce portal announced today its full opening and the launch of it’s new state-of-the-art Distribution Centre.

The portal dedicated to serving office administration and finance managers now offers over 4,000 products from over 100 suppliers to more than 200 of Hong Kong’s major corporations and institutions.

“The dress rehearsal is over. For the last three months we have put all our systems through the most thorough examination possible and everything has operated very successfully. We always had enormous confidence both in our technology and in our business model and all the evidence so far is that our confidence is not misplaced” said Stephen Winterhalder, Chief Operating Officer of bigboXX.com.

“Today, after a gradual and managed build up of customers, we open ourselves up to full commercial operation and at the same time launch our new back office Distribution Centre. Recently we have been increasing our customer base at a rate of 30% plus per week and we aim to continue this and acquire 5000 customers by the end of this year. We have set ourselves the aggressive target of gaining 10% of the office supplies market in 2000”, continued Stephen Winterhalder. “Our heavy investment in technology, with no reliance on legacy systems, means we have the most advanced front end - unique in Hong Kong as well as the rest of the world - bringing absolute control into the hands of the customer and they are telling us they like it.”

The 50,000 sq ft Centre in Kwai Chung with its state-of-the-art racking system will be bigboXX.com’s hub for storage, order processing and distribution. Newly recruited and trained operators arefurnished with the latest handheld inventory and order management devices. bigboXX.com has 10 new delivery vehicles operating already and a further 20 are projected to arrive in the next three months. The Distribution Centre has 40 staff now expected to increase to 75 in the next two months. Orders taken on bigboXX.com are immediately retrieved at the warehouse and processed for next day delivery.