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Wyith chosen as Verified by Visa Places to Shop

Hongkong - Oct 13, 2003 - Visa USA has chosen DomainAvenue.com, Wyith's domain and Web services subsidiary, as a participating online store in the first of its kind Places to Shop.

Together with 206 other reputable online stores, including such familiar names as Seagate.com, Fujitsu Computer Products, Mamma.com, Fabulous.com, Sharp Electronics, Western Digital etc., DomainAvenue is listed in the USA and International section under the Business Products & Services category.

"We are very proud to have been chosen by Visa," said Dr Raymond Cheng, Managing Director of Wyith Incorporated. "We see this listing as rewarding our continuous committment to secure online payment solutions for our customers and our own determination to fight credit card fraud over the past 6 years. We have experienced continuous growth in our transaction volumes since 1997 while at the same time being able to maintain lower and lower chargeback rates. Since 2002, all our transactions are double-checked using self-developed fraud detection mechanisms. We have succeeded in locking out many spurious transactions since then." Dr Cheng further added, "We have always played safe; we immediately process refunds and inform the innocent party as soon as our system detects any minor logical discrepancies in the order, even before any chargeback can occur. We know this adds administrative costs to our operations but we at Wyith see this as the responsibility of a good online merchant to protect genuine card owners against unauthorized use of their cards. We want our customers to shop with us in confidence."

Please visit www.DomainAvenue.com for further details.

About Verified by Visa

Verified by Visa is a unique service that uses personal passwords to help protect Visa card numbers against unauthorized use. Once you activate your card, no one else can use your Visa card number at any participating online stores -- without your personal password. Verified by Visa is available for select Visa cards from participating financial institutions. Verified by Visa is free to existing Visa cardholders. Please visit www.visa.com/verified for details.

About DomainAvenue.com

Founded in New York city in 1996, DomainAvenue.com is a provider of value-added domain registration services and has gradually become one of the major registrations providers in US. The business was acquired by Wyith Incorporated in November 2000 and has then become the domain and Web sub-division of the company.

About Wyith Incorporated

Founded in 1991, the company is a provider of corporate MIS applications, backend IT services and is a strategic consultant of e-business. The company's wholly owned division, Wyith Limited, is also a world class leader in B2C domain-based services, including domain registrations in over 70 countries, Web hosting and related services. The business has serviced over 40,000 customers worldwide, spanning 110 countries.

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Public Relations Manager
Wyith Incorporated
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