Tjahjono Becomes Chairman of Asia Web Holdings Inc.

Business Editors

CARLSBAD, Calif. & JAKARTA, Indonesia--(BUSINESS WIRE)--July 21, 2000

Effective July 17, 2000 Tjahjono Soerjodibroto has become the Chairman of Asia Web Holdings Inc. (OTCBB:AWHI)(AWHI). He will be supported by board members William H. Millard, Terry M. Giles, Bosko Djordjevic, Raj Singam, Waddy Stephenson and Michael A. Schaffer to chart the new direction for AWHI.

Tjahjono has been in the computer and telecommunications industries for 25 years prior to accepting this chairmanship. Tjahjono's career which began with IBM Indonesia in 1976 has covered many areas of both the computer and telecommunications industries. In 1981 Tjahjono joined Indosat a state owned telecommunications service provider. Tjahjono served as CEO of Indosat for nine years (1991-1999). In 1997 Tjahjono was selected as one of the 5 best CEOs in Indonesia by an SWA magazine survey.

During his tenure as CEO of Indosat, Tjahjono acted upon a request from the Government of Indonesia to secure a listing for Indosat in the United States public market-place. This was successfully completed and Indosat was listed on the New York Stock Exchange in October 1994. Indosat was recognized as one of the most successful offerings of that year. Since then, Indosat has become a model for public companies in Indonesia and has received many awards and recognitions as one of the best managed companies in the country.

Based upon his background in the computer and telecommunications industries, Tjahjono believes that the future lies in the multimedia area in which, together with advancement in telecommunications technology, advances in the infrastructure backbone and in the speed of computer processing, the Internet will play the main role as the vehicle for the delivery of content and information. This is the vision that he wants to see realized in AWHI; a company which he believes can move rapidly and develop itself into a full multimedia service provider with a base in the Internet environment. With the combination of the mature U.S. market and Indonesia's potential for high market growth, Tjahjono believes that AWHI has potential for outstanding success in the Internet and multimedia area. As previously stated, AWHI will engage in this business through its 90% owned subsidiary PT Jaring Data Interaktif (JDI).

Note: Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the combined companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. References in this press release to JDI's scope of services includes services performed by the JDI group of companies.