MassMutual Asia Selects Asia Financial Network's WealthSuite(TM) to Enhance Fund Operations

Oct 13, 2003, 01:00 ET from Asia Financial Network Limited

    HONG KONG, Oct. 13 /PRNewswire/ -- Asia Financial Network Ltd. (AFN), a
 wholly owned subsidiary of iMerchants Ltd. (SEHK: 8009), announced today that
 MassMutual Asia Ltd. (MassMutual Asia), the Asian operation of US-based
 MassMutual Financial Group, has selected to deploy AFN's WealthSuite(TM)
 Mutual Funds.
     WealthSuite(TM) is an integrated software suite that enables customer-
 focused wealth management services and highly efficient order processing
 operations.  With AFN's WealthSuite(TM) Mutual Funds as their new fund
 distribution processing system, MassMutual Asia will further enhance its
 ability to deliver innovative fund products and excellent service to its
     ''MassMutual distinguishes itself by providing superior financial service
 to its customers,'' said Mr. K.P. Tay, President of MassMutual Trustees Ltd.
 ''With a sales force of over 1,700, one of the biggest broker networks and
 plans for regional expansion, the importance of reducing the fund order
 request turnaround time by further automating our fund processing operations
 cannot be underestimated.  We are confident that with the deployment of AFN's
 WealthSuite(TM) Mutual Funds, MassMutual's strength in wealth management will
 further be enhanced.''
     WealthSuite(TM) Mutual Funds provides for all the functions needed to
 operate a fund business right from daily operations to cash account management.
 ''AFN's WealthSuite(TM) Mutual Funds will enable MassMutual to greatly enhance
 its operations efficiency and flexibility, and will serve as a foundation for
 further strengthening its ability to provide world class wealth management
 services,'' stated Mr. Edward Un, AFN's General Manager and Chief Technology
     Both MassMutual Asia and her sister company OppenheimerFunds (Asia) Ltd.
 will deploy AFN's WealthSuite(TM) Mutual Funds.   Their parent company,
 MassMutual Financial Group is a member of the Fortune Global 500 and ranks as
 the 4th largest American life insurer.
     About Asia Financial Network Limited
     Asia Financial Network Ltd. provides wealth management software for
 financial services institutions in Greater China, helping them expand their
 product and service offering, enhance customer care and improve business
 operations' efficiency.  The Company is a wholly owned subsidiary of Hong Kong
 GEM board listed iMerchants Ltd. (SEHK: 8009).   It serves a largely Hong
 Kong-based clientele from offices in Hong Kong and Beijing.  For more
 information, call +852-2101-9090 or visit .
     About MassMutual Asia Ltd.
     MassMutual Asia Ltd. is a member of the US-based MassMutual Financial
 Group and the flagship company for the group's development of insurance
 markets in China and Asia.  It offers diversified insurance products and
 services including a full range of life insurance, investment-linked insurance,
 annuities, education fund investment plans, health and medical benefits,
 disability income protector, accident benefits, group life and health
 insurance and MPF scheme, etc.  For more information, call
 +852-2919-9504 or visit .

SOURCE Asia Financial Network Limited