PCCW-NEWS!!

 OAKLAND, Calif., Mar 17, 2000 (BUSINESS WIRE) -- DigiScents' co-founder and
 CEO, Joel Bellenson, states, "The establishment of Permanent Normal Trading
 Relations (PNTR) between China and America is a matter of global significance.
 "The Internet is one of the most powerful enablements of human communication,
 redefining every industry and every country, and spiraling billions of people
 into a new global discourse and multicultural metropolis."
 Bellenson continues, "Just as we want our cities to be united for all of its
 inhabitants, we must approve PNTR so that a quarter of the world's people can
 have access to all the benefits of the global infrastructure, significant parts
 of which are being originated in the United States. Our company, DigiScents,
 although founded in the U.S., took the unorthodox step, two and a half months
 ago, of receiving an equity investment from Pacific Century CyberWorks based in
 the Chinese SAR of Hong Kong. We did this as part of our mission to enable
 global and historical understanding by restoring to humanity's communication and
 entertainment repertoire the sense of smell."
 DISCLAIMER: This quote does not represent the opinion or views of Pacific
 Century CyberWorks (PCCW) nor did PCCW read or approve the quote prior to its
 transmission over the wire. About DigiScents, Inc.
 DigiScents is partnering with leading web sites and interactive media companies
 to scent-enable the Internet. With DigiScents(TM) Digital Scent Technology,
 consumers will be able to enjoy more lifelike and memorable experiences with

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Agence France Presse


 March 17, 2000, Friday 3:16 AM, Eastern Time

 SECTION: International news

 LENGTH: 360 words

 HEADLINE: Trading in Cyberworks shares suspended amid report on unrealised gains

 DATELINE: HONG KONG, March 17

 BODY:
 Trading in shares of Pacific Century CyberWorks was suspended Friday after a report
 said the company has booked unrealised gains of one billion US dollars from
 investments in Internet-related firms.

 Trading in CyberWorks, headed by Hong Kong tycoon Li Ka-shing's son Richard, was
 suspended at its request until a statement clarifying the situation is issued, a spokesman
 for the Stock Exchange of Hong Kong said.

 The Internet firm lost 65 Hong Kong cents (8.4 US cents) to close at 19.95 dollars on
 Thursday.

 In comments reported in the South China Morning Post Friday, CyberWorks managing
 director Alex Arena said the company booked the unrealised gains from investments in
 about a dozen listed Internet-related investments.

 "We have invested in more than 40 companies. The amount of investments, both in
 shares and (cash-swaps) total 600 million dollars," he said.

 "If it is strategic investments, we tend to keep most of them longer. If it is non-strategic
 investments, we might consider selling them given the market is doing well," said Arena.

 Arena also dismissed shareholders' concerns over the recent slump in the prices of
 technology stocks including CyberWorks.

 "I don't think we should focus on day-to-day fluctuations in any share price. What we

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