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[Sven Neumann]

HOMEX - Perth
-------------------------
Marketboomer Press Release

A press release issued by marketboomer announcing a 5 year alliance
with the NSW State Chamber of Commerce ("SCOC") is attached.

Menzies (through its subsidiary Menzies Technologies) and St George
Bank each own 20% of marketboomer. According to the press release
"marketboomer secured the SCOC deal which is estimated to be worth in
the region of AUD$28Million" over the life of the contract.

Dr G Burkhardt
EXECUTIVE CHAIRMAN

PRESS RELEASE

Entrepreneurial commerce service provider, marketboomer has signed a
5-year business-to-business (B2B) contract with the State Chamber of
Commerce (SCOC). The Commerce Zone (thechamber.com.au) which will be
initially provided to 150,000 small to medium sized businesses (SMEs)
in Australia will permit purchasers and suppliers in many different
industries to begin trading online from August 2000.

Following the company`s recent success with the Queensland Hotels
Association and strategic investments from St George Bank and
Menzies Technologies, marketboomer secured the SCOC deal which is
estimated to be worth in the region of AUD$28Million. The exchange
will be powered by marketboomer`s advanced Dynamic Trading Engine.
Using this technology suppliers and purchasers set up their trading
"rules" via a customised web interface which then ensures orders meet
the rules of both parties.

"marketboomer`s technology and strategic relationship with St George
Bank provides us with industry proven B2B trading and banking
solutions which are second to none," said Katie Lahey, Chief
Executive officer of the State Chamber of Commerce. "The technology
coupled with Sausage Software`s OTN and E-Business in a box will
provide our SME customers with the most exciting B2B and B2C offering
seen in the marketplace today."

"This just goes to show that an e-commerce solution works when it`s
constructed property," said Joe Ward, Managing Director,
marketboomer. "Dot com companies creating new branding in a
marketplace spend excessive amounts of capital marketing these new
brands. We simply plug into an existing channel which already markets
to buyers and sellers in the marketplace."

marketboomer`s business model operates on a shared supplier base
between one marketplace and another. Thus allowing faster growth for
the company`s existing marketplaces and any Market Maker who is now,
or will be, setting up a marketboomer B2B exchange.

"Imagine the deal," said Ward. "We offer each Market Maker a low-cost
entry to the B2B market place. Furthermore, we provide them a share
of the revenue and their members (or customers) reduce their
operating costs simply by opening up their Web communication
channel."

"marketboomer goes far beyond simply duplicating paper-based
ordering, it introduces market efficiencies that benefit all the
participants rather than just supplier or purchaser alone, as is the
case with traditional B2B solutions" said Ward.

"For example: a purchaser places orders for a range of stationery
products on a regular basis. The best deal on one day may be to buy
from a wholesaler and the next day a manufacturer. Our trading
engines instantly `massage` the order into the marketplace providing
the best deal for purchasers and profitable orders for suppliers."

For further press information please contact:

Tara Humphreys/Caroline Leong
PROFESSIONAL PUBLIC RELATIONS
Tel: + 61 2 9818 4044
Email: [e-mail] / [e-mail]

Johanna Lowe
MARKETING COMMUNICATIONS MANAGER - E-COMMERCE
State Chamber of Commerce (NSW)
[phone]
Mobile [phone]

Joe Ward
MANAGING DIRECTOR
Marketboomer
Tel: [phone]
Email: [e-mail]


MFG Sven Neumann

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