INTAC International Announces Student Recruiting Exposition in China Sponsored By Intac PHR Bank HONG KONG, Nov. 17 /PRNewswire-FirstCall/ -- INTAC International, Inc. (Nasdaq: INTN; FSE: WKN 805768), a provider of a full-range of career development services to students in China through Beijing Intac Purun Educational Development Ltd. ("Intac Purun"), its joint venture with China's Ministry of Education, today announced that Intac Purun's internet portal PHR Bank (professional human resource bank located at http://www.phrbank.com/) is sponsoring a student recruiting exposition in China. PHR Bank, an integrated website of placement, search, campus recruiting and professional training services for enterprises, will be hosting an online "Recruiting Exposition" between national college graduates from 1638 universities and the top 168 state-owned companies. This Recruiting Exposition is fully supported by both the MOE (China's Ministry of Education) and the SASAC (the State-owned Assets Supervision and Administration Commission of the State Council), but will be managed by Intac Purun and its PHR Bank. This event will be held from November 22, 2004 through November 28, 2004. After the Chinese New Year, a similar recruiting event will be held from February 22, 2005 through February 28, 2005. Throughout this recruiting exposition, the resumes of college graduates from 1638 universities, supervised by the MOE, will be sent to http://www.myjob.edu.cn/, the official website of the MOE providing employment information for China's college graduates and administrated solely by Intac Purun. Simultaneously, the recruiting information, including job postings, from China's top 168 stated-owned companies, such as Petro China and CMCC (China Mobile), which are all supervised and administrated by SASAC, will be listed on http://www.myjob.edu.cn/. This site will enable the graduates and companies to search, choose and contact each other easily, effectively and efficiently. "Through this online Recruiting Exposition, we expect to establish and combine an effective database of both graduates' resumes and large state-owned companies' recruiting information. With the help of Intac Purun's recruiting platform, PHR Bank, graduates will be able to easily search and apply for any suitable job opportunities. In addition, those large state-owned companies will also be able to easily search, find and contact their potential candidates. This has significant meanings for both graduates and large state- owned companies," said a representative of the MOE. "With the support of the MOE and SASAC, Intac Purun is very proud to undertake such a prestigious recruiting event. Intac Purun is playing an active and important role in recruiting services in China, and that role is being recognized by both the Chinese government and college students in China," says Wei Zhou, Chairman and CEO of INTAC, "We expect it to not only to be financially rewarding, but also build a very powerful partnership with both graduates and large companies. Furthermore, we have the opportunity to build and maintain a long-term relationship with the SASAC and the top 168 state- owned companies for future cooperation in recruiting and training services." The Company's annual report on Form 10-KSB for the year ended December 31, 2003 and quarterly report on Form 10-Q for the quarter ended September 30, 2004 may be viewed at the SEC's website http://www.sec.gov/. About SASAC (State-owned Assets Supervision and Administration Commission): Authorized by the State Council, in accordance with "Company Law of the People's Republic of China" and other administrative regulations, the State- owned Assets Supervision and Administration Commission of the State Council (SASAC) performs the responsibility as the investor, guides and pushes forward the reform and restructuring of state-owned enterprises; supervises the preservation and increment of the value of state-owned assets for enterprises under its supervision, and enhances the management of state-owned assets; advances the establishment of modern enterprise system in SOEs, and perfects corporate governance; and propels the strategic adjustment of the structure and layout of the state economy. About INTAC International, Inc. INTAC International, Inc. is focused on the exploitation of strategic business opportunities available in China and the Asia-Pacific Rim. INTAC provides Chinese students exclusively with a full-range of career development services through Beijing Intac Purun Educational Development Ltd., its joint venture with China's Ministry of Education, and its Internet portal, http://www.phrbank.com/. Forward-Looking Statements This press release contains certain "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements expressed or implied by such forward-looking statements to differ materially from those projected or implied. Factors that could cause or contribute to such differences include, among other things: changes in general business conditions; the impact of competition in our industry, especially in the Asia- Pacific Rim; the fact that we are an early stage company with an unproven business model; our need for additional working capital, particularly to the extent that we are able to locate a suitable business opportunity; the added expense structure assumed by us as a U.S. public company; political and economic events and conditions in jurisdictions in which we operate; PRC Internet laws and regulations that are unclear and will likely change in the near future; restrictions on foreign investment in the PRC Internet sector that are imposed by the PRC government; the PRC government that may prevent us from distributing; regulation and censorship of information distribution in China which may adversely affect our business; political and economic policies of the PRC government; the risk of the loss of the agreements, or the exclusivity terms, with the Education Management Information Center; the high cost of Internet access that may limit the growth of the Internet in China and impede our growth; advertising and e-commerce customers that have only limited experience using the Internet for advertising or commerce purposes; the acceptance of the Internet as a commerce platform in China which depends on the resolution of problems relating to fulfillment and electronic payment; concerns about security of e-commerce transactions and confidentiality of information on the Internet that may increase our costs, reduce the use of our Internet portal and impede our growth; our network operations that may be vulnerable to hacking, viruses and other disruptions, which may make our products and services less attractive and reliable; changes in interest rates, foreign currency fluctuations and capital market conditions; and other factors including those detailed under the heading "Business Risk Factors" and elsewhere in the Company's annual report on Form 10-KSB for the year ended December 31, 2003 and quarterly report on Form 10-Q for the quarter ended September 30, 2004, as filed with the Securities and Exchange Commission. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future events or otherwise. INTAC undertakes no obligation to update any forward-looking statements made in this media release. Contact: J. David Darnell, Senior Vice President and Chief Financial Officer, 469-916-9891, for further information. DATASOURCE: INTAC International, Inc. CONTACT: J. David Darnell, Senior Vice President and Chief Financial Officer of INTAC International, Inc., +1-469-916-9891 Web site: http://www.intac.cn/ http://www.phrbank.com/ http://www.myjob.edu.cn/

Copyright