Press Release

"TARGET GREATER CHINA" - AN INNOVATIVE SOLUTION FOR HIGH-TECH COMPANIES WISHING TO DEVELOP BUSINESS IN ASIA

Thanks to its unique network of specialist interim managers located in the principal business centres of China, Hong-Kong and Taiwan, CEO Worldwide can now provide tailor-made solutions to European High-Tech companies wishing to establish or develop their activities in the Asian market. CEO Worldwide is the leading French company exclusively dedicated to interim management solutions for the High-tech sector.

GREATER CHINA, A KEY MARKET FOR HIGH-TECH COMPANIES

Mainland China, Hong-Kong and Taiwan represent a unique growth opportunity for European companies. The growth forecast (+7%) for 2003 confirms the extraordinary economic health of this country. Chinese entry into the WTO has accelerated local and national demand for all technological sectors with both government and local companies as significant investors. One example of this is the mobile telephone sector that now approaches 200 million users ­ surely a market that no one can afford to ignore. Approaching this market can involve significant risk for potential investors. The risks range from cultural differences and increase in management time through to loss of corporate focus and an increased cost base.

Today these risks can be minimised by companies adopting CEO Worldwide's "Target Greater China" solution.

CEO Worldwide, A UNIQUE NETWORK OF PROVEN INTERIM MANAGERS/ENTREPRENEURS

CEO Worldwide has selected fifty interim managers currently based in the principal business centres of China, Hong-Kong and Taiwan. Having already founded and managed one or more high-tech companies, they are experienced in negotiation and have strong local and regional networks. These entrepreneur-managers also understand the cultural, commercial, legal and fiscal differences that China represents to a Western corporation. CEO Worldwide has also highlighted those of its European Managers who have significant real hands-on experience in these markets.

"TARGET GREATER CHINA", A FLEXIBLE AND COST EFFECTIVE SOLUTION

"Target Greater China" is an extension of the "Cross Borders"* offer, adapted to Asian markets. It allows European companies to quickly hire experienced managers for 6 to 18 month missions ­ a flexible solution designed to cut costs and reduce management risk.

"Target Greater China" solution:

• Interim manager selected and available for work in less than 3 weeks
• Interim management contract from 6 to 18 months
• Cost of the mission: from £GDP 7,000 per month (depending on the chosen profile)
• No additional costs, no local infrastructure costs
• Negotiated recruitment of interim manager at end of each mission (if required)
• Contracts and interim management performance closely monitored by a CEO Worldwide partner in Hong-Kong as well as partner from Europe/US

"Target Greater China" by CEO Worldwide, first step for High-Tech companies' development in Asia

* The "Cross Borders" offer by CEO Worldwide is available since January 1st, 2003 in Europe & in the US.

CEO Worldwide (www.ceo-worldwide.com)
CEO Worldwide offers a unique Interim Management service dedicated to the specific requirements of High-Tech and Biotech companies. In less than 3 weeks, CEO Worldwide will provide the relevant interim general management resource (CEO, COO, CFO, VP Business Development) to drive or co-drive the business alongside the CEO. CEO Worldwide's Interim Managers are all proven talented High-Tech or Biotech entrepreneurs in Europe, Asia or in the US.
A unique extranet allows CEO Worldwide's client companies to search our interim management database for the management talent they require.