Devonshire Capital
Bangkok, May 23, 2002

FOR IMMEDIATE RELEASE

Datamat buys control in Malaysian Network Integrator
Confirms Commitment to Acquire Expertise & Market Share

Bangkok, May 23, 2002: Datamat today entered into an agreement to purchase controlling equity interest in Malaysian network integrator ET Communications (ETComm), a provider of performance enhancing solutions to the telecommunications and data communications industry. The Kuala Lumpur based company specializes in design, deployment and management of network infrastructure.

ETComm reported revenues of RM30.6 million (BHT 345.7 million baht) and pre-tax profit of RM 2.2 million (THB 24.85 million) last year. The company has forecast more than 50% growth in both top and bottom line figures during the current year, which ends in September.

"We are very excited to play a leading role in the Datamat vision to create competitive enterprises through innovative solutions in Asia", said KS Goh, CEO for ET Comm. "We like the feel of the new Datamat and have confidence that our domain expertise in networks will help to shape and drive the collective success."

Datamat focuses on systems and technology integration, network infrastructure design and delivery and enterprise application development and implementation. It also provides complete customer support functions through development services, outsourcing, and maintenance.

According to management of the two companies, ET Comm will continue to operate as a separate entity but will participate with Datamat in bidding for and implementing network solutions in Thailand, Malaysia and beyond. Additionally, ET Comm presents Datamat with market share and market access in Malaysia through which it can extend its expertise in financial services, public sector work and enterprise applications.

Khun Manoo Ordeedolchest, President and CEO of Datamat said, "This is a significant step in fulfilling our commitment to enhance Datamat by acquiring profitable companies that add depth and expertise in one of the fastest growing sectors of our business". He added, "ET Comm is clearly a leader in the field and have a proven track record in Malaysia, with installations in Thailand and the Philippines already."

When questioned about acquiring a Malaysian business, Khun Manoo replied, "ET Comm is already stretching out of Malaysia. They have done work in Thailand and will do more. Datamat will provide them with a greater platform and they will provide us with a depth of expertise and experience in network infrastructure that would take us years to replicate. Its just too good an opportunity to pass up for both companies."