[Immediate Release]



Excel Ranked 178th in the First 250 of the Deloitte Touche Tohmatsu Asia Pacific Technology Fast 500



(January 6, 2003 HONG KONG) Excel Technology International Holdings Limited (“Excel”, together with its subsidiaries, the “Group”; stock code: 8048) is honoured to be the 178th of the “First 250 of the Deloitte Touche Tohmatsu Asia Pacific Technology Fast 500”, a ranking of the 250 fast-growing technology companies in Asia Pacific. 


The "Deloitte Touche Tohmatsu Asia Pacific Technology Fast 500" program recognizes fast growing technology companies across Asia Pacific.  Rankings are based on the company’s three-year percentage revenue growth. The winning companies came from new and established businesses and from across Asia Pacific and industry sectors.  Excel grew 77% percent during this period.


This award recognizes Excel’s successful growth from a Hong Kong based company to now a strong regional financial technology provider with offices in Beijing, Shanghai, Shenzhen, Guangzhou, and Singapore.


“Those companies that have earned a position on the First 250 list of the “Deloitte Touche Tohmatsu Asia Pacific Technology Fast 500” have made a significant achievement. Even though this has been a tough period for technology companies almost all companies who participated in our survey have expansion plans, some indicating they intended to increase headcount by as much as 20%.  There are exciting companies developing significant new technologies and building a better platform for further expansion,” said Ian Thatcher, Lead Partner, Deloitte Touche Tohmatsu Asia Pacific Technology Fast 500.


Ms. Peggy Chan, Chairman and CEO of Excel, said, “We have succeeded through a clear market focus in building a strong financial technology platform. Our superior product offerings and quality service have enabled our clients to attain a sustainable competitive advantage as they expand into China and South East Asia.   We are also proud of our deep-rooted culture to strive for excellence.  Being industry focus has given us the advantage of having a better understanding of market needs and trends in the information technology industry to enable business delivery.  Today, we are very excited to receive such an honorable award in recognition of Excel’s dedication and commitment. We will continue to offer our clients with even more innovative products and services bringing them greater benefits.”

- end -