Asian Trader Inc. Signs Strategic Alliance Agreement With Konover Property Trust.

Business Editors/Technology Writers

LOS ANGELES--(BUSINESS WIRE)--April 4, 2000

Asian-Trader.com, the world's first international integrated e-commerce trading platform, today announced that it has signed a strategic alliance with Konover Property Trust Inc., a publicly-traded (NYSE:KPT), self-administered real estate investment trust (REIT) engaged in the development, acquisition, leasing, management and marketing of shopping centers.

Under the terms of the agreement, Konover and Asian-Trader.com will focus on the development of technological and e-commerce initiatives that will have far-reaching effects on both the retailing and manufacturing industries.

Additionally, Konover and Asian-Trader.com will work together to bring the Asian-Trader.com platform to Konover's enormous retail tenant base, thereby providing them with a new and efficient source for procuring their inventory.

"Our partnership with Asian-Trader.com will allow us to offer value-added services to our tenant base," said C. Cammack Morton, president and chief executive officer of Konover Property Trust.

"The relationship with Asian-Trader.com helps us to pursue exciting new technological and e-commerce initiatives that will directly benefit our retail tenants."

"We are proud to have formed a strategic alliance with such a high-quality, forward-thinking organization as Konover Property Trust," said David Kim, head of Asian-Trader.com's U.S. operations.

"This partnership will prove fruitful not only for both companies, but the retailing industry as well. Mr. Morton's position as a member of the Internet Task Force of the International Council of Shopping Centers (ICSC) and Konover's prominence in the retail REIT industry, will prove instrumental as we jointly strive to achieve exciting new advances in the evolution of the retailing industry with the Internet."

This agreement is the latest Asian-Trader.com has signed in the past few months, adding yet another key strategic partner to Asian-Trader's growing roster of OEM manufacturers, organizations and retailers/resellers.

About Konover

With headquarters in Cary, N.C., Konover Property Trust Inc. is a publicly-traded (NYSE:KPT), self-administered real estate investment trust engaged in the development, acquisition, leasing, management and marketing of shopping centers.

The company currently owns, operates or has under development 152 shopping centers in 23 states, totaling more than 18.1 million square feet.

Konover provides in-house development, construction management, leasing, marketing and property management. It is dedicated to being a leader in the shopping center industry and providing world-class service that always exceeds the expectations of its customers.

About Asian-Trader.com

Asian-Trader operates the first international integrated e-commerce platform. Using advanced Internet technologies, the Asian-Trader.com platform offers a seamless front-end as well as back-end e-commerce solution and superior customer service.

With the resources of an unparalleled network of high-quality Asian manufacturers, Asian-Trader.com offers Reseller Members a diverse range of high-quality, high-demand consumer goods at manufacturer-direct prices.

Asian-Trader has offices in the United States, Hong Kong, Taiwan, China and Malaysia.

Resellers and retailers who need more information should contact Asian-Trader.com, 2049 Century Park East, Suite 2750, Los Angeles, Calif. 90067; telephone [phone]; fax [phone]; or visit www.Asian-Trader.com.

For additional editorial information, contact JPR Communications at 818/386-0403 or e-mail [e-mail].