Released on = June 1, 2007, 2:01 am

Press Release Author = Sachin

Industry = Computers

Press Release Summary = Ahmedabad based Mr Rajendra Shah of Virtual Netcomm Pvt Ltd
today announced that it has entered into a joint venture ("JV") agreement with
SecureOneAsia Pte Ltd. ("SOA"). SecureOneAsia Pte Ltd is the sister company of
M.Tech Products Pte Ltd, the flagship company of M.Tech Group based in Singapore.
Under the terms of the JV agreement, a new company, to be known as M.Tech-Virtual
India Pvt Ltd (\"MTIN\").

Press Release Body =  Under the terms of the JV agreement, a new company, to
be known as M.Tech-Virtual India Pvt Ltd (\"MTIN\"), will be incorporated with SOA and
VNPL owning 51% and 49% respectively.

 The JV extends the reach of M.Tech group westwards into India and once the
JV is fully operational, M.Tech will have a network of 15 offices in 9 countries
across Asia.

Ahmedabad, 28th May, 2007 - Ahmedabad based Mr Rajendra Shah of Virtual Netcomm Pvt
Ltd today announced that it has entered into a joint venture ("JV") agreement with
SecureOneAsia Pte Ltd. ("SOA"). SecureOneAsia Pte Ltd is the sister company of
M.Tech Products Pte Ltd, the flagship company of M.Tech Group based in Singapore.

Under the terms of the JV agreement, a new company, to be known as M.Tech-Virtual
India Pvt Ltd (\"MTIN\"), will be incorporated with SOA and Rajendra Shah owning 51%
and 49% respectively. MTIN will be principally engaged in the distribution of IT
products, primarily the best-of-breed IT security products. Mr Stanley Foo, Chairman
and CEO of Multi-Chem, will be the Chairman of MTIN and Rajendra Shah will be the
Managing Director. SOA, through the M.Tech companies, will be responsible for vendor
relations, stock and credit management whereas VNPL will be responsible for the
sales and operations of MTIN. VNPL will allow MTIN to share its back office
resources and offices in India. MTIN will also follow the corporate policies of the
M.Tech companies in products, internal controls and credit control. To avoid any
conflict of interest, VNPL has undertaken that first right of refusal of any
products VNPL wishes to take up has to be given to MTIN.

Stanley Foo, Chairman of MTIN, is excited about the new venture and said: "M.Tech
wants to be a regional leader in IT security and storage distribution and therefore
India is a market which we have to be in. Our partnership with the team from VNPL
enhances our position in India as our partner also has a solid reseller base and
years of experience of doing business in India."

Rajendra Shah, Managing Director of MTIN, said: "We are confident that MTIN, with
the strengths of both partners, will grow into a leading IT player in India.
M.Tech's regional knowledge, vendor relations and financial strengths are important
factors we look for in a partner and now that we have found the right one, we cannot
wait to start the business and move it forward."

About M.Tech Group -
The M.Tech companies and SOA are part of the Singapore Exchange-listed Multi-Chem
Group. The M.Tech group is a leading regional distributor of IT security and network
storage products with a presence in 11 cities in 8 countries regionally. Its product
portfolio includes market leading products such as Nokia, Check Point, Tipping
Point, RSA Security, Allot, Riverbed and Sophos.

About Rajendra Shah - Virtual Netcomm Pvt Ltd
RS is the sole shareholder, CEO and Director of Virtual Netcomm Pvt Ltd (\"VNPL\").
VNPL is the sole distributor of Blue Coat (www.bluecoat.com) products in India and
is headquartered in Ahmedabad with offices in Bangalore, Delhi and Mumbai and
Singapore. For more information please visit - www.vnpl.com




Web Site = http://www.vnpl.vom

Contact Details = Sachin Jain
Mutual Public Relations
417, Abhishree Building, Opp Star India Bazaaar,
Satellite, Ahmedabad.
Phone - 079-26928105
Fax - 079-26928115
Mobile - 09898273027
E-Mail - sjain@mutualpr.com