HONG KONG, May 8, 2001 - Delirium Corporation and CyberTouch (Asia) Pte. Ltd. today announced the merger of two leading Pan-Asian e-business solutions providers to create a new organization, to be known as Delirium CyberTouch Corporation. With 8 offices and over 400 employees, the newly merged entity aims to be one of the largest e-business solutions firms in Asia.

With a deep understanding of the challenges currently faced by enterprises due to the increasingly competitive marketplace, Delirium CyberTouch's vision is to assist Asian enterprises plan, develop and execute digital strategies for the New Economy through its end-to-end solution and delivery framework.

Delirium Corporation, founded in 1998, is one of the fastest growing e-business solutions companies in North Asia, with 250 employees in 5 countries, providing end-to-end e-business services to client including Citibank, United Daily News, PCCW, and Panasonic. Delirium's major investor is General Atlantic Partners, one of the largest IT investors in the world with over US$10 billion under management. CyberTouch, founded in 1996, is the leading e-business consulting firm in Asia, with 180 consultants and professionals in 3 countries. CyberTouch's tri-service model comprising strategy, creative and technology has served such clients as DHL Asia Pacific, Intel, Telekom Malaysia, Tenaga Nasional and Asustek. CyberTouch's investors include Walden International and BroadVision (NASDAQ: BVSN).

Following the transaction, CyberTouch Chief Executive Officer Steve Hsia will become the CEO of Delirium CyberTouch and Delirium Chief Executive Officer Joe Ngai will assume the position of President of the combined entity. The new organization will be headquartered in Hong Kong, with offices in Beijing, Guangzhou, Kuala Lumpur, New York City, Seoul, Singapore, Taipei. New offices in Shenzhen and Shanghai will open in early summer 2001.

"This merger will create one of the largest Pan-Asian e-business solutions firms, with a world-class workforce and an impressive client base. We are very enthusiastic about our unsurpassed breadth and depth of expertise, allowing us to provide an incomparable level of service to our clients. We intend to be the leader in this market," said Hsia, CEO of Delirium CyberTouch.

"CyberTouch is a great company with proven technologies and methodologies; I am very excited to be working together with Steve to create a major force in Asia. Internet-related professional services in Asia will become a US$7 billion market in 3 years, and we are very enthusiastic about the future of this industry. With one of the most seasoned management teams in the region, Delirium CyberTouch should be well-positioned for success," said Ngai, President of Delirium CyberTouch.

The combined expertise of Delirium and CyberTouch will enable the merged entity to provide world-class services in e-business strategy, technology and creative design to vertical industries including: Financial Services Institutions, Telecommunications, Manufacturing, Government and Retail. Major offerings of Delirium CyberTouch in these industries include solutions in Supply Chain Management, Customer Relationship Management, Enterprise Information Portal, Enterprise Application Integration, Vertical eMarketplace and Financial Trading Solutions.

Delirium CyberTouch is the new entity born as a result of the merger between Delirium Corporation and CyberTouch in May 2001. With over 400 professionals across 7 countries, Delirium CyberTouch aims to be the leading Pan-Asian e-business solutions firm providing end-to-end e-consulting and internet professional services to Asian enterprises.

Based on its tri-services model which includes strategy, technology and creative, Delirium CyberTouch's end-to-end solutions cover e-business strategy, systems integration, Web-based application development, e-business infrastructure solutions, wireless Internet solutons, Web design, e-branding and online marketing. Delirium CyberTouch operates eight offices worldwide in New York, Malaysia, Singapore, Hong Kong, Taiwan, China and Korea. Delirium CyberTouch clients include Asustek, BP Amoco, Citibank, DHL Asia Pacific, Ericsson, Intel, Telekom Malaysia, Tenaga Nasional Berhad, PCCW, Panasonic and United Daily News.

Founded in 1998, Delirium Corporation (www.delirium.com) is a leading Pan-Asian e-business solutions provider that leverages its core competencies of technology, design and business strategy to develop e-solutions for Asia and U.S. companies.

As one of the early entrants in Asia, Delirium has built upon industry-tested expertise, localization capabilities and successful, long-term client partnerships to achieve a leadership position in the e-business market in Asia. Delirium's end-to-end web solutions cover a wide range of capabilities including: Internet application developoment; web-design and e-branding; e-business strategy; wireless Internet solution; and online marketing. Delirium is a trusted partner to companies including Citibank, Panasonic, Hansol, Ericsson and United Daily News. With 250 employees, Delirium has offices in Hong Kong, Taipei, Beijing, Seoul, New York City and Guangzhou.

CyberTouch (www.ctouch.com), founded in 1996, is one of the Asia's leading full service e-consulting firms, helping enterprises define and execute web strategies to succeed in the global Net Economy. CyberTouch provides an integrated approach on Internet or e-commerce strategy, technology and creative to help clients differentiate their products and services, strengthen customer relationships, enhance supply chain management, and improve business efficiency.

CyberTouch clients include Bernama National News Agency, Bumiputra-Commerce Bank Berhad, BP Amoco, DHL, ECNet, Embrace, Intel, Logimatrix, Perwira-Affin Bank, RHB Bank, Sarawak-Net, Sabah-Net, Sibexlink, SIRIM, Telekom Malaysia, Tenaga Nasional, Time dot com and United Daily News (Taiwan). Prior to the merger CyberTouch had a staff-strength of about 180 people with offices in Malaysia, Singapore and Taiwan. Delirium CyberTouch Press Release Delirium, CyberTouch merg...

Christine Lau

Delirium CyberTouch

852 2298.3888

christine.lau@delirium.com.hk

Back To Portfolio PR Archive