News Release

Educalc.net Pte Ltd

Singapore

Educalc.net Named Master Distributor for HP Calculators

SINGAPORE, (November 13, 2005) Educalc.net, a leading distributor of educational and learning products, announced today that Educalc.net was granted Master Distributor status for HP Calculators in the South East Asian region covering Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam.

Building on an already successful relationship with HP, Educalc.net has broadened its product offering for resellers targeting the education and consumer / retail segments of South East Asia, said Magdalene Chia, Educalc.net’s Managing Director. The reliability and functionality of HP’s scientific, graphing, and financial calculators make it a staple product for students and professionals throughout South East Asia.

We are proud to appoint Educalc.net in South East Asia to distribute our legendary calculator line,’ said Edward McCarthy, Worldwide Director of Sales, HP Calculator Division, Personal Systems Group.

In 1972, HP invented the first handheld scientific calculator. Since then, HP has invented nearly 100 calculator models for use by educators, students and professionals in math, science, engineering, surveying, business and finance. For more details on HP’s complete line of graphing, scientific and financial calculators, visit www.hp.com/calculators.

About Educalc.net

Founded in 2000, Educalc.net is a leading distributor educational and learning products, with customers throught South East Asia. The company’s business model enables small retailers, larger discount stores and e-tailers to cost-effectively sell to and support end users ranging from individual students and education institutions. For more information on Educalc.net and reseller opportunities, visit www.educalc.net.

# # #