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MUL`s ann: Confirmation of Strategic Alliance with ANZ Bank

Document date:  Wed 12 Jul 2000
Published:  Wed 12 Jul 2000 10:59:00
Document No:  212710
Document part:  A
Market Flag:  N
Classification:  Other

MULTIEMEDIA.COM LIMITED                       2000-07-12  ASX-SIGNAL-G

HOMEX - Sydney                                                        

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MEDIA RELEASE

Leading Australian Internet technology developer, MultiEmedia.com,
today finalised a strategic alliance with the ANZ Bank.

As announced on 5 June 2000, ANZ will take an initial 15% stake in
MultiEmedia.com with the option to expand its stake during the three
year term of the alliance. As part of the business partnership ANZ
will appoint a Director to the Board of MultiEmedia.com.

Under the terms of the alliance MultiEmedia.com will make available
its Zone Studio product through the ANZ BizSite. The service will
offer a web creation service for ANZ's small business customers. ANZ
small business customers will be able to create, edit and maintain
professional e-commerce enabled web sites without any knowledge of
HTML or web design.

Mr Satyendra Chelvendra, ANZ's Managing Director Personal e-Commerce,
said that as a result of the alliance ANZ has exclusive access to
MultiEmedia.com's technology within the financial services sector.

Mr Jamie Bartels, MultiEmedia.com's Director of Business Development
and Alliances, said the partnership would directly benefit ANZ's
customers who operated small to medium size businesses.

"We see the provision of our Zone Studio software as the first of
many products we can offer to ANZ customers to support them with
their e-commerce and Internet strategies," he said.

"Over the coming months, we will be investigating other opportunities
with the ANZ to determine how our technology and expertise might be
of value in other areas," Mr Bartels said.

In recent weeks MultiEmedia.com has signed strategic alliances with
Deloitte Consulting and Hewlett Packard offering cutting edge
e-business applications to their customers.

Further details regarding the ANZ alliance will be released in
accordance with the Australian Stock Exchange's listing rules.

For Further Information contact:

Mr Jamie Bartels
MultiEmedia.com, DIRECTOR OF BUSINESS DEVELOPMENT AND ALLIANCES
Tel: 03 9508 7000     Mob: 0418 105 666