Multacom Promotes President Abbey Silverstone to Vice Chairman of International Business Development

City of Industry, CA - Jan.2, 2001 - Multa Communications Corporation (Multacom), a Los Angeles-based multi-national broadband network service provider, announced today the promotion of company President Abbey Silverstone to Vice Chairman of International Business Development.

Silverstone, who joined Multacom as President 14 months ago, was responsible for the day-to-day operations of the company. In his new role as Vice Chairman of International Business Development, he will be responsible for leading Multacom's International efforts, which represent a major growth opportunity for the company. He also will develop strategic alliances for Multacom with industry leaders to secure growth and success of the company's expanding global network.

"As President, I took great pride in leading Multacom's effort to expand our performance scalability and the company's nationwide network through our master service agreement with Broadwing," Silverstone said.

Silverstone also played a strategic role in working with Vincent Tsao, Vice President of Asian Operations, in getting a strategic bilateral sales and marketing agreement signed last year with China Unicom and a cooperative joint venture agreement with China Railway Telecommunication Center (CRTC). The agreement with China Unicom allows Multacom to offer one-hop clear channel and frame relay service to Shanghai, Beijing, and Guangzhou for telecommunications carriers, ISPs, data center providers and international enterprises.

The cooperative joint venture with CRTC makes Multacom one of only a few foreign companies allowed to provide new technology, knowledge and experience to promote China's telecommunications industry.

Bob Hong, Multacom's Chairman, said Silverstone has proven his ability to help Multacom grow. "We feel our next step is to develop more strategic alliances and partnerships to globally expand our connectivity. We feel that Abbey will be able to concentrate his efforts in this area and bring us up to the next level."

Vincent Tsao commended Silverstone on his global vision of the IT Industry. He said Silverstone had proved to others in the telecommunications industry that Multacom is a well-organized, progressive and insightful company. "His experience in creating strategic alliances has helped instill a high level of confidence in our dealings with China Unicom and with the China Railway Telecommunication Center," Tsao said.

Multacom is a privately held corporation based in City of Industry, California that operates an OC-3 ATM broadband backbone network throughout the U.S. and China. Multacom has established strategic partnerships with several successful service providers and, with these partners, has access to 43 data centers throughout the U.S., Taiwan and China. Multacom offers comprehensive e-business solutions, high-speed Internet access, VPNs, co-location, web hosting services and web development. Multacom's primary market today consists of businesses in the United States with a need for access to the markets of Taiwan and China. Multacom plans to expand its services to the rest of Asia, Europe, and Latin America in the near future.