ACME LANDIS<0616> - Announcement

ACME LANDIS HOLDINGS LIMITED            H&Q ASIA PACIFIC, LTD.
(Incorporatred in Bermuda with          (Incorporated in the British  
 limited liability)                      Virgin Islands with limited
                                         liability)
                                        as Manager of the Asia Pacific 
                                        Growth Fund III, L.P.

i100 CORPORATION                        i100 HOLDINGS CORPORATION
(Incorporated in the Cayman Islands     (incorporated in the Cayman 
 with limited liability)                 Islands with limited liability)

Agreement for the subscription for New Shares,
possible white-wash waiver,
proposed increase in authorised share capital
and proposed change of name of the Company
to i100 Limited

The respective directors of Acme Landis Holdings Limited ("Acme Landis")
and the Subscribers (together, the "Companies") jointly announced the
proposals involving the subscription of new shares in Acme Landis and the
application for the White-wash Waiver on 1st February, 2000 (the
"Announcement").  Terms used in this announcement shall have the same
meanings as defined in the Announcement.

Under the Hong Kong Code on Takeovers and Mergers, a document giving
details of the White-wash Waiver and the Subscription (the "Document") is
required to be posted to shareholders of Acme Landis within 21 days of the
Announcement.

The respective directors of the Companies announce that in preparing the
Document to satisfy, inter alia, the above requirements, due to the time
required for preparation of information to be included in the Document,
Acme Landis has applied to the Executive Director of the Corporate Finance
Division of the Securities and Futures Commission for, and been granted,
an extension for the despatch of the Document.  The Document is expected
to be despatched on or before 3rd March, 2000.

        By Order of the Board of        By Order of the Board of
        ACME LANDIS HOLDINGS LIMITED    H&Q ASIA PACIFIC, LTD.
        Mr. Chiu Chun Leong, David      as Manager of the
        Director                        Asia Pacific Growth Fund III, L.P.
                                        Dr. Ta-Lin Hsu
                                        Chairman

        By Order of the Board of        By Order of the Board of
        i100 CORPORATION                i100 HOLDINGS CORPORATION
        Dr. Ta Lin Hsu                  Mr. Kan Siu Kei, Laurie
        Chairman                        Chairman

Hong Kong, 22nd February, 2000

The Directors jointly and severally accept full responsibility for the
accuracy of the information contained in this announcement relating to the
Group and confirm, having made all reasonable enquiries, that to the best
of their knowledge, their opinions expressed in this announcement have
been arrived at after due and careful consideration and there are no other
facts (other than relating to the Subscribers and the proposed new
Directors) not contained in this announcement, the omission of which would
make any of their statements in this announcement misleading.

The directors of the Subscribers jointly and severally accept full
responsibility for the accuracy of the information contained in this
announcement (other than that relating to the Group) and confirm, having
made all reasonable enquiries, that to the best of their knowledge, their
opinions expressed in this announcement have been arrived at after due and
careful consideration and there are no other facts (other than that
relating to the Group) not contained in this announcement, the omission of
which would make any of their statements in this announcement misleading.