Press Release - 17 July, 2001

TM Multimedia introduces Netmyne Business to Business (B2B) eMarketplace for Telekom Malaysia 1s vendors

Kuala Lumpur, July 17th, 2001 - TM Multimedia today introduced its Netmyne B2B (Business to Business) suite of marketplace solutions at a seminar conducted for Telekom Malaysia1s vendors as a part of Telekom Malaysia1s contribution in catalysing e-commerce in Malaysia.

Netmyne's B2B eMarketplace comprise a total suite of solutions for online transactions, which integrates eprocurement, epayment and efulfillment. Netmyne B2B eMarketplace is initially for Telekom Malaysia1s 200 vendors.

With these online solutions, Telekom Malaysia1s Procurement Division as the Anchor Buyer will be able to manage and monitor its procurement online while the vendors will be able to transact and receive their payments online.

Netmyne B2B eMarketplace is a one-stop and comprehensive suite of eMarketplace solutions that incorporates value added services and working processes. With Netmyne B2B eProcurement functionality, Telekom Malaysia will be able to lower its procurement costs, activate faster cycle time, improve control over buying and provide better reporting information. It will also help Telekom Malaysia to further improve its supply chain management and quality of purchasing decisions.

The Netmyne B2B eMarketplace will also be integrated to Telekom Malaysia1s key back office systems to improve efficiency. The Netmyne B2B eMarketplace payment solution is also integrated with several major local banks1 eBanking facility. With this integration, Telekom Malaysia will be able to improve its relationship with the vendors. The banking links ensures trustworthiness between the buyers and suppliers.

Vendors will also be able to use Netmyne B2B eFulfillment solution to manage their logistics and warehouse requirements. The Netmyne B2B eFulfillment solution will be able to track and trace their delivery and at the same time manage product returns. Unlike many other eFulfillment solution, Netmyne B2B eFulfillment solution will be supported by logistic companies, fowarders, courier service providers and warehouses. Effectively this assists the vendors in improving efficiency.

The integration of solutions serving 3 key components (buyer, banking & vendor) based on their intrinsic need allows Netmyne B2B to handle comprehensive offerings to the market. Although initially for Telekom Malaysia1s vendors, it will later be offered to all business that intends to improve the business efficiency.

Speaking at the opening of seminar, Baharum Salleh, Chief Operating Officer of TM Multimedia said: 3Netmyne B2B eMarketplace plugs buyers and suppliers into a feature rich, sophisticated e-marketplace with reliable and efficient automated trading process. Buyers and suppliers not only gain additional sales and promotion channel; they achieve significant time and cost savings and real time transaction information for better management decisions.2

With this introduction, TM Multimedia is the first entity in Malaysia that provides a total end-to-end solution that integrates transactions, fulfillment and payment components in an eMarketplace.This effort is anticipated to further catalyse the growth of e-commerce in Malaysia.

With this alternative new offerings TM Multimedia will extend into private and public eMarketplaces leveraging on its large pool of customers. Enhanced by its telecommunication connectivity and high bandwidth ISP, Netmyne will position itself as the leader in the eMarketplace in Malaysia, which in turn complements Telekom Malaysia1s contribution towards the building of the K-economy.

Thank you

Netmyne Information Centre