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San Jose, California - (Cheap Web Hosting Directory) - May 31, 2007 - E-commerce company, eBay Inc., has entered into a commercial agreement with Thailand’s top online portal in Thailand, Sanook!, to launch a new e-commerce website.

The new website is being created to enable individuals and businesses in Thailand to participate in local trade as well as cross border trade through eBay’s global web sites. Under this revenue-sharing agreement, the co-branded site — Sanook! eBay — will be managed and operated under a newly formed Sanook! subsidiary. The Thai-language local site is expected to launch in approximately five to seven months.

Lorrie Norrington, President of eBay international marketplaces remarked, ”The e-commerce community in Thailand is among the most active we’ve seen anywhere. Through this agreement, we are combining our core competency in cross border trade with Sanook’s local market expertise to deliver the best e-commerce experience for Thai users, enabling them to not only engage in domestic trade but also to buy from and sell to the world.”

According to research firm IDC, Thailand currently has more than 16 million Internet users - a figure expected to grow at a compound annual growth rate of 25 percent through 2009. The agreement gives eBay the opportunity to participate and drive economic growth in the region. Once the site is launched, Thailand will be the 38th market where eBay has a local presence.

Torboon Puangmaha, Chief Executive Officer at Sanook Online Limited added, ”We are pleased to partner with eBay in creating this new e-commerce site which we believe will provide new economic opportunities for the growing online community in Thailand. As Thai Internet users become more comfortable doing transactions online, there is a tremendous opportunity to leverage the eBay global online marketplace via the local co-branded site created especially for Thai users. We expect that the Sanook! eBay web site will quickly become a popular place for people to buy and sell a wide variety of items both within Thailand as well as internationally.”

Sanook.com was established in 1998 as a subsidiary of MIH Group, a wholly-owned subsidiary of Naspers Limited. Naspers Limited (JSE:NPN)(NASDAQ:NPSN) is a multinational media company operating in 50 countries. Its principal operations include electronic media (including pay-television, Internet and instant-messaging subscriber platforms and the provision of related technologies) and print media (including the publishing, distribution and printing of magazines, newspapers and books, and the provision of private education services). Sanook! is an Internet brand and the most trafficked Internet destination for Thais. Sanook! offerings are search engine, marketplace, entertainment, infotainment, communication, social networking, mobile services, online advertising and search marketing.

Founded in 1995, eBay Inc. provides the Internet with platforms of choice for global commerce, payments and communications. Since its inception, eBay Inc. has expanded to include some of the strongest brands in the world, including eBay, PayPal, Skype, Shopping.com, and others. eBay Inc. is headquartered in San Jose, California.

For more information about eBay, please visit: www.ebay.com.

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