SPI Technologies Inc. Explores Call Centers

September 21, 1999 PSE CIRCULAR FOR BROKERS NO. 2357-99 SPI Technologies Inc . Explores Call Centers Listed company SPI Technologies Inc. (Philippine Stock Exchange, ticker symbol "SPI"), a leading exporter of information technology services, disclosed today that it is exploring an entry into the call center business through a joint venture agreement with a US company that has significant expertise in the industry. The joint venture would be based in the Philippines and would service the customer relationship management programs of foreign clients, through a variety of media, such as phone and e-mail. cdll Although SPI has entered into a preliminary Heads of Agreement with its prospective partner, a definitive joint venture agreement has not yet been concluded. Ernest Cu, SPI's President, said that, "We consider call centers to be a high potential new business that leverages off SPI's proven expertise at providing remote services to overseas customers, via a well-educated, English speaking workforce." SPI provides information technology services including (1) conversion of news, professional and technical information into electronic form for major Internet and online content providers, (2) conversion of legacy document collections into a standardized electronic form for use on corporate intranets or networks, (3) conversion of evidence related documents into a searchable CD-ROM format for corporations involved in major litigation, and (4) software services. SPI is an ISO 9002 certified exporter whose clients are located largely in North America and Europe. Forward-looking statements in this release are based on current expectations and actual results may differ materially due to risks, uncertainties, and other factors. These forward-looking statements are based largely on the Company's current expectations and are subject to a number of risks and uncertainties, including without limitation, changes in external market factors and various competitive factors. Authenticated by: (SGD.) ERNEST L. CU President & CEO