| Contact: Tzu-Hwa Hsu 886-2-2704-8018 thhsu@waldenintl.com Walden International Announces the Initial Public Offering of its Portfolio Company NewSoft Technology Corporation San Francisco, CA (October 18, 2000) Walden International (WI), a leading Silicon Valley-based venture capital firm, today announced the successful public offering of its portfolio company NewSoft Technology Corporation ("NewSoft"), a software developer for image processing, multimedia and communications, on TAISDAQ of the Taiwan Stock Exchange. The offering was underwritten by Taiwan International Securities Corporation. A total of 54.6 million shares were offered at a price of NT$48 per share, raising approximately NT$2.62 billion (US$83.2 million) for NewSoft. About NewSoft Technology Corporation Founded in September 1986, NewSoft is a professional developer of software for image processing, multimedia and communications. The company focuses its business on computer input/output devices such as scanners, digital cameras, printers, multimedia computers and peripherals, and Internet products by developing value-added software for the said products. For the first six months of 2000, NewSoft achieved a net profit of NT$65 milion (US$2.06 million) on a turnover of NT$131 million (US$4.16 million). In fiscal year 1999, the company recorded a net profit of NT$125 million (US$3.97 million on a turnover of NT$217 million (US$6.89 million). For additional information, visit www.newsoft.com.tw About Walden International Walden International is a leading Silicon Valley-established venture capital firm, providing early stage technology companies with the advantage of an unrivaled global network since 1987. The firm's international venture capital funds comprise more than US$1 billion in committed capital. Walden International's globally organized network of multi-cultural investment professionals spans the United States, Taiwan, Singapore, Hong Kong, Malaysia, China, the Philippines, India, and Japan. For more information please visit www.waldenintl.com.
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