- First-of-a-Kind E-Commerce Tool to Help
                 Streamline Corporate Purchasing Processes -

    SAO PAULO, Brazil, and IRVINE, Calif., Dec. 7 /PRNewswire/ -- Latin
eVentures Ltd., a recently formed electronic commerce holding company,
announced today it has launched the first business-to-business electronic
commerce solution in Brazil.  The electronic commerce tool, eAQUIB2B, will
provide large Brazilian corporations with real-time online access to the
largest inventory of computer hardware and software products available in
Brazil.
    Cenmar Fuertes, founder, president and COO of Latin eVentures, said, "We
are very excited about the launch of eAQUIB2B.  This new web-based corporate
solution is specifically designed for corporate chief information officers and
purchasing managers who make important computer buying decisions for their
companies on a daily basis.  Through our custom-developed web sites these
executives now have access to the largest online inventory of brand name
computer products in Brazil -- all at one convenient location."

    Teaming up with a Distribution Giant
    Latin eVentures has formed a strategic long-term relationship with Ingram
Micro Brazil, a subsidiary of Ingram Micro Inc., the world's leading wholesale
provider of technology products and services.
    Through eAQUIB2B, corporate executives now have immediate online access to
more than 40 product lines and 10,000 SKUs (stock keeping units) of the
leading brand names in the computer industry, including Apple, 3Com, Compaq,
IBM, Novell, Sony, Microsoft and hundreds more.  These product lines give
customers access to the vast majority of all IT products available in Brazil.

    Real-Time Inventory and Technical Information
    Together with Ingram Micro, Latin eVentures is pioneering the first
implementation of Ingram Micro's InsideLine technology in Latin America.
InsideLine is an innovative technology that enables Latin eVentures customers'
with real-time inventory, pricing, and order fulfillment via secure Internet
data exchange on thousands of IT products.
    Hans Koppen, president of Ingram Micro Latin America and senior vice
president Ingram Micro, said, "We are delighted to be partnering with Latin
eVentures.  The company's innovative business model will provide efficiencies
in the IT supply chain throughout Latin America."
    In addition, Latin eVentures and Ingram Micro will provide corporations
with access to Ingram Micro's TechNotes information resource.  TechNotes was
developed by Ingram Micro and provides CIOs and procurement managers with
in-depth technical information, including product specifications and sales
materials from hundreds of manufacturers.  Through this business tool,
procurement managers are empowered to make accurate purchasing decisions and
are armed with up-to-date information about the latest products and
technology.

    Local Talent, Global Vision
    Latin eVentures set out to bring together a powerful team of executives in
the distribution industry.  The company's executive team is comprised of
Cenmar Fuertes who is the founder, president and COO.  Prior to creating Latin
eVentures, Fuertes served as director of global sales for Ingram Micro, Inc.
His last assignment with Ingram Micro took Fuertes to Japan, where he managed
the strategic relationship between Ingram Micro and Softbank Corporation,
Japan's leading distributor and Internet conglomerate.
    The company's Brazilian operations are being managed by Marco Antonio
Rossi, former president of CHS Electronics Brazil, and founder of Via Brasil
Distribuidora.  Rossi is a highly respected and well-known computer industry
executive with more than 20 years of experience in IT operations, sales and
the distribution industry in Brazil.
    In addition, the company is in the process of recruiting executive
leadership talent in the information technology, financial, marketing and
legal arena in Mexico, Argentina and Chile.
    Said Fuertes, "It is critically important for us to marry top executive
talent, who have the local know-how and proven business expertise, with the
latest technological advances and information available on a global basis. Our
goal is to hire local talent with a global vision in each country we serve."

    About Latin eVentures Ltd.
    Latin eVentures was founded in June 1999 and is an e-commerce holding
company based in Hamilton, Bermuda.  The company's main U.S. offices are
located in Irvine, California. Latin eVentures' mission is to establish a
number of e-commerce companies throughout Latin America focused on delivering
the best on-line experience for customers in the region.  Latin eVentures has
offices in Sao Paulo, Mexico City, Buenos Aires, and Santiago.  Latin
eVentures can be found at http://www.latineventures.com.