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RE: [sharechat] ITC - Exo-net expansion

From:	"Wedde, John" <john.wedde@cit.ac.nz>
Date:	Mon, 27 Mar 2000 14:55:04 +1200

Also further good ITC news in this morning's InfoTech. Internet Service
Provider Iconz, a subsidiary of Asia Online, will distribute exo-net's E
Commerce software.

-----Original Message-----
From: Osbert Sun [mailto:osbert.sun@xtra.co.nz]
Sent: Monday, 27 March 2000 14:47
To: sharechat@sharechat.co.nz
Subject: [sharechat] ITC - Exo-net expansion

The expansion of Exo-net, 35% owned by ITC, to Sydney and Singapore with $1
million capital injection by the two newly-appointed management teams,
should be viewed as a postive step adding to the values of ITC investments.
Yes ITC had a bumpy ride last week due to large sell-outs by some investors.
However, the market stand of S.C.I has to mean something to the existing
shareholders of ITC. I do see that at the current level, ITC shares are
attractively-priced.

Kind regards,
Osbert Sun

(Disclousre of interests: bought 15K this morning @65c)

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