[Ajaxo and Infocast to team up with wireless financial and stock trading service in Hong Kong. The service is based on the Internet ready Nokia 7110 WAP phone, which has been available in Hong Kong since early December.]

CUPERTINO, Calif -- "Ajaxo Inc. and Infocast (HK) Ltd. today announced their strategic agreement to provide wireless financial services in Hong Kong, and the availability of the first wireless stock trade service from Internet-ready Nokia 7110 WAP phones.

"The Nokia 7110 WAP phone was made available to Hong Kong consumers at the beginning of December, 1999. The wireless stock trade service comes just in time to enable customers to access their accounts and conduct trade transactions from their Nokia WAP phones. The wireless trading application is designed by Ajaxo based on the Ajaxo Smart Agent, a protocol independent integrated development software.

"Infocast is a company with expertise in front and back office software for the securities market in Hong Kong. Our relationship with Infocast will enable us to expand the delivery of wireless content and applications to the mobile user base in Asia," said Connie Chun, Vice President of Business Development and Marketing for Ajaxo Inc.

"Infocast's mandate is to service the requirements of companies in the securities industry. The partnership with Ajaxo enables us to supply the wireless solution which paves the way well into the next century, and will help us to establish a lead position in China's growing wireless market," said Raymond Tam, President and CEO of Infocast (HK) Ltd.

"Infocast is forming alliance with several major brokerages in the roll out of this new wireless initiative in Hong Kong.

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