THE INFORMATION in this section may include forward-looking statements contained herein reflect management's current views with respect to future events and financial performance. This information in part or in full is subject to certain risks and uncertainties that could cause the actual results to differ materially from those in the forward-looking statements. Z ITSP Development Limited (“Z ITSP”) and its officers and directors undertake no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances.

NEW RELEASES

  JANUARY 19, 2005

On January 19, 2005, Z ITSP Development Limited (“Z ITSP”) announces a successful pilot with a well-established technology company to promote Z ITSP’s services and products in Kuwait. From August, the company sold US $47,600 to retail customers that access Z ITSP network located outside of Kuwait by using the Z Connect. Z ITSP and the company sign an exclusive agreement for the territory of Kuwait with minimum annual sales commitment of US $180,000. We wish our partner the greatest success.