Investor Communications

Next Software is pleased to announce that a successful international investor, Techtrade Inc., has become a new shareholder of Well Develop International Ltd which owns 100% the trade names of Next Software and NextOffice.

The President of Techtrade is Mr Francis Fung. In United States, Mr Fung had successfully invested in electronic OEM factories in Boston, MA area with 1000% or 10 times return within 11 years. Mr Fung's factory has been merged with other company in L.A. CA areas to provide service and production to companies such as Cisco Systems. Techtrade's other key communications infrastructure customers include Nokia, Nortel, Lucent, Alcatel, Hutchison 3G, Extreme Networks and Juniper Networks. Key customers in other industries include Agilent, Lockheed Martin, Siemens and Teradyne. Estimate revenue is about US$241 million for year of 2003 and the company market capitalization is US$592.6 millions.

Mr Fung has also successfully invested in residential income properties in Boston metro area with 100% to 200% return within 3 to 5 years. In addition, he invested for the development of shopping malls in US east coast cities and residential complex in Vancouver, Canada area. Net worth for these real estate developments are from US$5 to US$20 millions.

Mr Fung understands that Well Develop International Ltd is a technology company specializing in content creation tools (graphic and office productivity), business process management and extensible markup language (XML)-enabled enterprise solutions. The strong management team of Well Develop Ltd provides a full range of software applications, as well as quality technical support and professional services. Mr Fung said, "Well Develop Ltd will provide us as a window of opportunities to integrate with Hong Kong software company. Their products have great market, our return-on-investment...to match our successful investments in our past. We expect Next Software will provide an excellent and cost effective office tool for the Asia companies. As a result, we expect a high capital return to of Well Develop Ltd with at least 200% within 3 years."

Mr Fung, when asked why he chose Next Software, replied, "Next Software has been developing high quality Office-type application products that the market wants. For instance, Next Software has secured an original equipment manufacturer (OEM) win with Hewlett-Packard, the world's leading IT company. Hewlett-Packard chose to bundle with NextOffice (product by Next Software) on certain PC/notebooks. Moreover, the Office application market in Greater China region will continuously grow rapidly within ten years. Every PC or notebook will need an office application to perform its day to day office task. If Next Software keeps on providing open-standard and quality office application products and excellent technical support, we are confident that Next Software will capture the major market share in Asia area."