<u>Press Release</u>: ASBIS selects IT4profit B2B Exchange to create own online business community

Press Release: ASBIS selects IT4profit B2B Exchange to create own online business community

Limassol, Cyprus, October 2, 2001 - ASBIS became a platinum member of the IT4profit B2B e-Exchange.

ASBIS, one of the largest suppliers of computer components and networking products in the European emerging markets and B2B e-Exchange IT4profit, announced today that ASBIS joins the IT4profit as a platinum member.

IT4profit is an online many-to-many Business-to-Business (B2B) Exchange with WEB-based ERP-class solutions for dynamic collaboration and trading of goods and services. Its functionality is determined by the set of architectural software modules: Access Rights, e-Catalog, e-Dealing & Auctions and e-Purchasing.

"Being a platinum member of the exchange, ASBIS has the goal to create our own online community with our customers, suppliers and VAD service providers," said Sergey Kostevich, CEO and president of ASBIS. "As soon as we get experience to work online with our customers - we have real plan to provide rights to selected authorized resellers of ASBIS, and OEMs, and System Integrators to trade our goods via the exchange to their customers or to trade ready PCs and servers."

ASBIS will benefit from online real-time collaboration with customers and partners, dealing and auctioning online. ASBIS expects increase of sales and reduction of operation costs, entering new markets, and expanding of the current database of customers.

* Other trademarks and brands maybe claimed as the property of their respective owners

About ASBIS
ASBIS (www.asbis.com) is one of the largest suppliers of computer components and networking products in the European emerging markets. The company was established in 1990 and today has 30 offices in 21 countries of Europe. Turnover for 2000 was 285 million $USD. ASBIS is one of the most dynamic companies in the Central European region. The company serves over 5000 active customers via 3 distribution centers and 30 local warehouses. ASBIS offers over 2000 products from a select group of world leaders including Intel, Seagate, IBM, Quantum and Microsoft. ASBIS' market focus and investment in infrastructure has enabled the company to become the largest distributor in Eastern Europe and the former Soviet Union for Intel, Seagate, Quantum and IBM Technology Group.




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