ibchannel.com: STGC Launches Chinese Web Community


IRVINE, Calif., May 30, 2000 (PRIMEZONE) -- IBC (www.ibchannel.com) reported today that Startec Global Communications (Nasdaq:STGC), a leading Integrated Communications Provider of VOIP data and Internet services to the emerging economies, announced the launch of its Chinese Web community, the fifth in a series of nine planned ethnic Web communities. Startec has built the first multi-ethnic web destination providing comprehensive communications, information, entertainment and e- commerce services. All communities are offered under the single on-line brand name eStart and can be accessed at www.estart.com.

"Now the Chinese are part of our rapidly growing web community, and can access our popular telecom services," said Tony Das, COO of Online services.

With the rapid growth of the Internet in mainland China, Taiwan and Hong Kong, there is a huge demand for both domestic and cross-border content, communication and e-commerce services for the current 17 million Internet users in the Greater China region, as well as for people and businesses around the globe, interested in China and the Chinese markets.

About IBC

IBC's flagship business and finance portal, ibchannel.com, is one of the most well known destinations on the Internet. IBChannel.com has aligned with premier media companies including CNBC, Bloomberg, Raging Bull, The Street, and CNN, as well as the highest quality online financial content providers IPO.com, Morningstar, MarketXT, and StockPoint.

IBC Inc.'s business model is an innovative twist on traditional venture capital companies. Similar to Idealabs!, IBC is an e-business development bank that consults, incubates, develops, and grows global emerging growth companies in exchange for equity. IBC provides turnkey operational solutions to deriving revenues and enhancing public awareness for its partners by implementing advertising, marketing, media placement, strategic partnerships, and branding strategies.



            

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