SpaCom LLC and Beijing Top Fortune Technology Inc. sign agreement to form global industrial parts supply company. New York, Beijing; May 20, 2004. Today SpaCom LLC and Beijing Top Fortune Technology Inc. signed a joint venture agreement formalizing the existing relationship between the two companies. Under the agreement a new entity named SpaCom International LLC has been formed. The objective of this new company is the marketing and distribution of industrial parts and components sourced from a large network of high quality manufacturing partners in China. The company will also offer extensive contract manufacturing and outsourcing services for companies in the US and Europe, as well as assist its clients to enter the large and promising Chinese market with their products. “It is a great honor for SpaCom to work with such a prominent Chinese partner. Beijing Top Fortune’s technology, engineering and sourcing know-how will greatly benefit SpaCom’s value proposition. We now have access to more than 2,000 highly qualified manufacturing facilities, producing everything from castings to parts and components to complete machinery. This will enable us to offer our customers a unique and comprehensive choice of sourcing products globally at extremely competitive prices.” says

Peter Hanneforth, President and founder of SpaCom. “We are very happy to engage exclusively with SpaCom in the marketing and distribution of the products of our manufacturing partners in China. SpaCom brings the marketing and distribution expertise in a variety of industries needed to make this venture successful. Customers in the US and Europe are going to greatly benefit from the large choice and variety of different industrial products at high quality levels and low prices. I am confident in the unique value proposition of SpaCom International,” says Liling Wei, President and Chairman of the Board of the Beijing Top Fortune Technology Group. Beijing Top Fortune Technology Inc., headquartered in Beijing, China, is a project management, engineering and technology firm engaged in high technology development and international technology transfer. It has a highly qualified staff of technologists, engineers and marketing professionals. The company has "High Technology Enterprises Approval Certification" by the Chinese government and is a recent member of the prestigious China VIP Association. SpaCom™ – The Spare Part and Component Company™, headquartered in Huntington, NY, is a leading global supplier of high quality, low cost industrial spare parts and components, as well as a provider of reliable and effective contract manufacturing, outsourcing and consulting solutions leveraging a global network of manufacturing partners. For more information and how to benefit from SpaCom’s value proposition please visit: www.spacom.com or call us at +1 (631) 757-7799 or 1-866 3SPACOM.