Asia Online Acquires Indian Web Developer

BOSTON (08/17/2000) - Asia Online Ltd., a Hong Kong-based Internet services company Wednesday announced the acquisition of a majority stake in India Domain Web Services Pvt. Ltd., a Hyderabad, India-based Web development services specialist. Asia Online hopes the acquisition will help further expand its presence in Asia-Pacific.

India Domain offers services spanning electronic commerce, Net consultancy and portal management. Asia Online provides tools to customers to assist them in areas including Net connectivity and Web hosting.

"We are eager to take part in the development of the Indian Internet industry," Kevin Randolph, Asia Online chief executive officer, said in a statement. The company has already set up an Indian subsidiary and has procured Indian government approval for downstream investment.

Asia Online Ltd., based in Hong Kong, can be reached at +852-2152-1888 or on the Web at http://www.asiaonline.net/.

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