INTAC International Announces Appointment of J. David Darnell as Chief Financial Officer

    HONG KONG--May 29, 2002--INTAC International, Inc. (OTCBB:INTN) (FSE:WKN 805768) announced today the appointment of J. David Darnell as Senior Vice President and Chief Financial Officer effective June 11, 2002. Mr. Darnell, appointed to INTAC's Board of Directors in October 2001, will remain as a member of the Board of Directors.
    Mr. Darnell has most recently served as Senior Vice President and Chief Financial Officer of Nucentrix Broadband Networks, Inc. , a provider of broadband wireless Internet and wireless subscription television services. Prior to joining Nucentrix in November 2000, Mr. Darnell served as Senior Vice President and Chief Financial Officer of ILD Telecommunications, Inc., a nationwide facilities-based provider of prepaid phone services and telecommunications outsourcing services. Mr. Darnell has also served as Senior Vice President, Finance and Chief Financial Officer for SA Telecommunications, Inc., a publicly-held full service interexchange carrier and as Chief Financial Officer of Messagephone, Inc., a telecommunications technology and intellectual property firm. Mr. Darnell began his career in public accounting at Ernst & Young and is a certified public accountant.
    Mr. Darnell is expected to initially concentrate his efforts on expanding the accounting and internal control functions of INTAC in anticipation of the expected growth in INTAC's international business operations. Mr. Darnell will be based in Dallas and will report directly to Mr. Wei Zhou, INTAC International's President and CEO. Mr. Zhou stated, "We are quite fortunate to have retained an executive with such expertise in the U.S. capital markets. As an outside director, Mr. Darnell has proven himself to be a tremendous leader and resource, and we are confident that he will be invaluable to our successes in the future."
    INTAC is a public reporting corporation dedicated to the exploitation of strategic business opportunities available in China. INTAC has established business segments for the distribution of wireless handsets mainly in the Asia-Pacific region and the import of luxury automobiles into mainland China through China's free-trade zones. INTAC maintains offices in China (Hong Kong and Beijing), Germany (Frankfurt) and the United States (Dallas).

    Certain of the statements above constitute forward-looking statements including those statements concerning the expansion of our accounting department, the projected growth of our international business operations and the opportunities available to us generally. We can give no assurance that our expectations will in fact occur and caution that actual results may differ materially from those in the forward-looking statements. A number of factors could affect our future results in general and could cause our expected results to differ materially from those expressed in the current forward-looking statements. These factors include, among other things: changes in general business conditions; the impact of competition in the industries in which we operate, especially in the Asia-Pacific region; the fact that we are an early stage company with an unproven business model; our ability to continue to increase sales; our lack of long-term supply or distribution contracts; our historical and expected continued dependence on only a few sources of supply; the concentration of a significant majority of our business with a few large customers; the highly price competitive and constantly changing nature of the industries in which we compete; our immediate need for additional working capital; the low-margin nature of our business and 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; the fact that we need additional, qualified management personnel; the complex regulations applicable to us as an operating company in China and elsewhere; changes in interest rates, foreign currency fluctuations and capital market conditions; and other factors including those detailed under our prior filings 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.