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WAFER SYSTEMS ACCREDITED AS NOKIA INTERNET COMMUNICATIONS "GOLD RESELLER" IN THE GREATER CHINA REGION
——FURTHER STRENGTHENS ITS POSITION AS LEADING NETWORK INFRASTRUCTURE PROVIDER    April 21, 2002

Wafer Systems, a leading solutions and services provider of next generation network infrastructure, was accredited by Nokia Internet Communications as its "Gold Reseller" in the Greater China region. The accreditation further demonstrates Wafer Systems' ability to provide unique network infrastructure solutions and comprehensive networking expertise in IP Networking, and gains recognition from customers in the Greater China region. It also reinforces the partnership between Wafer Systems and Nokia even further.
Mr. Daniel Lee, General Manager, Greater China Region of Nokia Internet Communications said, "Wafer Systems is extremely qualified to receive this honor with their knowledgeable technical team and their self-sufficiency in engineering and support functions for all represented Nokia Internet Communications products. Therefore, we have every confidence that through the partnership with Wafer Systems, we'll both achieve greater success in the IP networking market and benefit end user customers in the Greater China region. "
As the premier conditions for receiving "Gold Reseller" award, the accredited resellers have to partner Nokia to establish Nokia Internet Communications products as the product of choice in the IP Networking space. Through this partnership, resellers can win business through leveraging their sales and marketing expertise, competence and knowledge gained through technical and sales certification, and the close working relationships based on Nokia's approach of "direct touch - indirect fulfillment".

Mr. Ringo Chan, Chief Executive Officer of Wafer Systems, said, "We are excited to be highly valued by Nokia Internet Communications and to receive such an honor. The accreditation further demonstrates our ability to integrate the products of international well-known network providers in our solutions, and recognizes our expertise and sales abilities. With China's accession to the WTO, we believe there will be more multinational enterprises establishing their presence in China, with keen demand for quality network infrastructure solutions and services. Therefore we will focus our resources on expanding multinational enterprise market in the Greater China region."