| FETA FREIGHT SYSTEMS INTERNATIONAL (FFSI) is a global network of joint venture branch offices and independent freight forwarding companies rendering the full spectrum of transport services including multimodal, logistics and other specialised cargo handling related activities. FETA stands for the Far East Transportation Association that was organised in 1982 by a group of Far East Asia-based freight forwarders with the objective of jointly seeking selectively reliable, aggressive and, preferably, locally managed companies to form a strong strategic global network of alliances. Through the years, FETA was able to establish effective policies to control the performance of its members in the areas of account settlement, sales and marketing, communications services and network management. The vision of its founders was fulfilled when representation in over 170 cities located in 62 countries created a quality multinational service that increased every member's capability to serve its customers and to effectively compete with global freight forwarders. In 1988, FETA Executives realised the new requirements of an evolving industry that a loosely organised association is unable to respond rapidly to the changes brought about by the entry of large integrated companies into the freight forwarding community. It was at this time that the emerging new vision was conceptualised: TO ESTABLISH A GLOBAL COMPANY. In 1989, a core of FETA members incorporated FETA FREIGHT SYSTEMS INTERNATIONAL LTD. (FFSI LTD.) as a financial holding company to focus on the emerging new challenges of globalisation. Since then Philippines, Taiwan and Thailand are operating the corporate trade name - "FETA FREIGHT SYSTEMS". This grand design enables every member to be a part of the FFSI network using the same global name and identity. Other countries that prefer to operate under their original corporate names will continue to be part of the FFSI network as Network Offices. At present, FFSI is well organised and represented worldwide. In March 1999, in order to enhance the impact of FFSI as an effective global ASSOCIATION, the Board of Executive Committee approved to adopt the ASSOCIATION MARKETING NAME to be FETA FREIGHT SYSTEMS INTERNATIONAL or in short (FFSI). The future in the freight forwarding industry is quite clear. One must be a part of an effective global system to stay competitive. Local companies may attempt to globalise themselves but at a much slower pace and at greater financial exposure. Even multinational companies who do not have an expansive global coverage find that FFSI offers an option that can fast track this objective. Any qualified freight forwarder that wishes to develop and to expand their network and business opportunity may contact the following offices: Corporate Headquarters - Hong Kong Newport Centre, Phase 2 Flat 1-3, 3/F 116 Ma Tau Kok Road Tokwawan, Kowloon, Hong Kong Contact: Francis Ng, Life Chairman CEO's Office - South Africa 49 Director Road Aeroport Spartan Ext 2 South Africa Contact: Mr. Chris Waterson, Chief Executive Officer Network Services Office - Philippines Feta Freight Systems International Gedcor Square, Unit S6 Irasan Street Corner Ninoy Aquino Avenue Paranaque City Philippines 1700 Contact: Mr. Dan Angeles, Chief Operating Officer | Telephone | : (63) 2-8206355 | | Mobile | : (63) 920-9082404 | | Fax | : (63) 2-8292752 | | E-mail | :  | |