World Information Technology Appoints Experienced Management Team To Lead Company's Next Phase of Growth.

Business Editors/High-Tech Writers

NEW YORK & BEIJING--(BUSINESS WIRE)--Jan. 26, 2004

Company Confirms 2003 Financial Results are within Range of Previous Guidance

World Information Technology Inc. (OTCBB:WRLT), a leading Taiwanese-based marketing company, announced today the appointment of Jung Tsih-Hao as its new Chairman of the Board and Dan Y. Zhao as its new Chief Executive Officer. In conjunction with the appointments, effective immediately, the Company accepted the resignation of Gary D. Morgan from the positions of Chairman and Chief Executive Officer. Mr. Morgan also resigned from the Company's Board of Directors to pursue other interests and will no longer have any affiliation with the Company.

Both Mr. Jung and Mr. Zhao have extensive experience in developing Internet and technology-based businesses that are critical for the enhanced success of the Company. Mr. Jung, a former Mayor of Ping-Tong, a city in Taiwan has been the President of World Information Technology-Taiwan since 2002 and will continue in that role. Mr. Zhao was formerly President of Easyway Communications Technology, an Internet Access Provider. Previously, he served as the Chief Executive Officer for General Communication Corp. (GCC), which provided a broad range of communications solutions. GCC was among the initial internet access and solutions providers in New York City.

"We have demonstrated rapid growth in both our on-line and off-line businesses in a relatively short period of time," said Mr. Jung. Our customers increased substantially during the past two years, which has expanded our Chinese operations significantly. It was appropriate, as a result, to further increase our infrastructure in Asia, as we build upon our success in Taiwan, to support our expansion into Mainland China, both through organic growth and acquisitions. I would like to thank Mr. Morgan for the role that he played in helping the Company during the transition period since we went public. I am also pleased to confirm that our 2003 financial results were consistent with the guidance that was provided to investors in December, 2003. These results attest to the strength of the Company and the inaccuracies of comments made on a web based site about the Company."

"I look forward to helping World Information Technology capitalize on the many opportunities for growth available in China today," said Mr. Zhao. "I believe that my technology background will be useful in further expanding the services we provide through the internet. The combination of our growing numbers of sales associates, customers and merchants should provide the ideal audience for us to provide innovative e-commerce offerings."

As a result of the resignation of the former Chairman and Chief Executive Officer, Mr. Steven Fellows will remain as the Company's Chief Financial Officer until a successor has been appointed.

In his role as President of the Company's subsidiary entity, World Information Technology-Taiwan, Mr. Jung has helped to increase the company's revenues from $4 million in 2001 to an estimated $12 million for fiscal 2003. Previously, he managed his own investment company. Highly respected in political circles, he served two terms as the Major of Ping-Tong, from 1986 to 1994 and acted as a Consultant to the Government of Taiwan from 1982 to 1989. He graduated from the National Taiwan University in 1974 and holds a graduate degree from U.S.-based California State University.

Mr. Zhao was previously a Senior System Manager at the New York Stock Exchange/SIAC, where he was responsible for managing all aspects of a large SUN Solaris 2.X Sun OS 4.1.3 Sybase System 10 and 4.92 environment. He was also responsible for managing the design, development and implementation of a technology-based surveillance system, StockWatch at the New York Stock Exchange. Previously, he was a Senior Project Director at Align Communication, where he helped to develop Instinet Corp.'s trading floor project. He has also acted as a Senior Consultant for the BBC, Bank of America, Lehman Brothers, Goldman Sachs and major television networks on technology projects. He was awarded a M.S. in Applied Science in Computer Science at New York University, attended Master Program in Information Systems from the Stern School of Business, and a Bachelor of Engineering from HLJ Institute of Science and Technology.

World Information Technology Inc., operating in Taiwan and mainland China, is a leading Taiwanese-based consumer marketing company. The company employs a combination of sales associates and Internet technology to offer consumers discounts on products offered by its merchants. The Company also provides web hosting and marketing services to small and mid-sized merchants, including advertising their products on its shopping portal, www.24hh.com.

Included in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The company's actual results could differ materially from those anticipated in the forward-looking statements.