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November 17, 2003:

Web Synergies (S) Pte Ltd is pleased to announce that it is now a partner of HP iLIUP.

The Infocomm Development Authority (IDA) of Singapore has planned the Infocomm Local Industry Upgrading Programme (iLIUP) to promote beneficial partnerships between Singapore enterprises and multinational corporations.
 
As part of the collaboration, both Web Synergies and HP will be able to obtain products, services and solutions developmental assistance from each other.

The three strategies of iLIUP are divided into technology transfer and manpower development, working together in product development, and finally exporting technologies to global markets, allowing both companies to develop leading edge software products and services.
 
With these strategies in mind, innovative product developments will be at the fingertips of both companies. Through this cooperation, the companies can reduce their set-up costs and gain instant credibility through co-marketing.

Both partners will be able to match local enterprises with vendors, consultants, system integrators, solution providers, dealers and end-users via its global network. All these will in turn help create market awareness for HP and Web Synergies, expanding their business scope and enhancing collaboration with other organisations.

"We consider this a privilege. At the same time, it is an affirmation of our company having arrived at a level of proficiency. Web Synergies is a company that provides quality and enterprise programming services and we hope to ride on HP to look for mutual business synergies." Explains Mr Gideon Lee, Managing Director of Web Synergies.

The close partnership will enable the tapping on MNCs' marketing channels to develop product branding, promoting corporate image and identity, and raising market visibility. Furthermore, iLIUP helps local enterprises to develop industrial capability in terms of manpower and product development, as well as harnessing leading-edge technologies and methodologies.

Since the programme works on a two-way win-win system, the companies will try their best to provide help for each other. HP will provide press releases, advertising, as well as joint publication of success stories between HP and Web Synergies.

"One key area of HP's inventive capabilities is the enabling of a new generation of applications delivered as web services. Together with IDA, we want to contribute to the nurturing of Singapore enterprises to fulfil Singapore's vision of being a premier Infocomm hub," said Chia Wee Boon, Managing Director, HP South East Asia and Singapore
 
In return, Web Synergies will provide a free advertising space for HP, relatively lowered pricing for advertising as well as have closer connections in terms of marketing with HP.

"We have our own niche markets and this partnership with HP allows us to leverage on their technologies to service our existing clientele. At the same time, HP, being a global IT leader, is able to bring us to places where we would otherwise not have opportunities to go to." claimed Mr Lee.

From this, both the companies will be able to build a fruitful and meaningful work and partner relationship.
 
About IDA: The Infocomm Development Authority of Singapore (IDA) is a statutory board of the Singapore Government. It operates under the Ministry of Information, Communications and The Arts (MITA). IDA was formed in December 1999 as a result of a merger between the Telecommunications Authority of Singapore and the National Computer Board. As a promoter, IDA encourages foreign infocomm companies to locate and partner with in Singapore. Finally, as the government CIO, IDA identifies, conceptualises and manages service-wide initiatives to support the implementation of the Singapore eGovernment. More information about IDA is available at http://www.ida.gov.sg.
 
About HP: HP is a leading global provider of products, technologies, solutions and services to consumers and businesses. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing. HP iLIUP focuses on web services and wireless applications development based on HP's service-centric computing model. HP has been part of iLIUP since September 2001. In the past two years HP iLIUP has worked with more than 20 web services/ wireless applications local partners to develop and market their innovative solutions. More information about HP is available at http://www.hp.com.
 
About Web Synergies: Web Synergies, founded in 1998 by Mr. Gideon Lim, a veteran of the web industry in Singapore, is a regional IT company with offices in Singapore and India, occupying niche markets in the multimedia, wireless and web development, electronic commerce, hosting and Internet applications arena.

The company's clientele encompasses Fortune 50 companies, SMEs and Government bodies. Clients include the Housing and Development Board (HDB), Hewlett Packard, Great Eastern Life Insurance, Sony, SPRING Singapore, the Singapore Police Force, among others. Web Synergies' clients are mostly located in Singapore, Japan and Hong Kong but also in Europe, and in USA.

As a one stop interactive web agency working on diverse computing platforms, Web Synergies provides holistic business IT solutions in enterprise programming with an equally strong focus on eye-catching multimedia and web design developments. More information about Web Synergies is available at www.enterprisesynergies.com.
 
For more information:
Sim Kim Hui
Public Relations Officer
Tel: (65) 6742 7798
Fax: (65) 6742 8859
Email: kimhui@synergies.com.sg
URL: www.synergies.com.sg
 
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the possibility that the market for the sale of certain products and services may not develop as expected; that development and performance of these products and services may not proceed as planned; and other risks that are described from time to time in Web Synergies Quarterly Report on Form 10-Q for the period ended July 31, 2003 and Web Synergies other Securities and Exchange Commission reports filed after Web Synergies Annual Report on Form 10-K for the fiscal year ended October 31, 2002. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Web Synergies results could differ materially from Web Synergies expectations in these statements. Web Synergies assumes no obligation and does not intend to update these forward-looking statements
 
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