INTAC International and HowStuffWorks Announce Partnership to Form New Company Focusing on China's Internet Market

INTAC International and HowStuffWorks Announce Partnership to Form New Company Focusing on China's Internet Market

April 21, 2006

New Company to Create Interactive Web Site for Information-Seeking Consumers in China
Financial Investors - Including Carl Icahn - Invest $22.5 Million into New Venture

    HONG KONG and ATLANTA, April 21 /Xinhua-PRNewswire/ --
INTAC International, Inc. (Nasdaq: INTN; FSE: WKN 805768)
("INTAC"), an emerging provider of educational
and career development services, software for educational
institutions and distributor of wireless handset products
in China, and HowStuffWorks, Inc.
("HowStuffWorks"), an online publishing company
that is a subsidiary of The Convex Group and widely
recognized as a leading source for clear, reliable
explanations of how everything actually works, today
announced a partnership to form a new company, HSW
International, Inc. ("HSW International"), which
will focus on the online publishing, training and education
markets in China.  HSW International will combine
HowStuffWorks' dynamic technological platform, Internet
expertise and expansive digital content resources with
INTAC's local market knowledge and relationships in the
wireless, education and training sectors to create an
interactive media and service platform for Chinese Internet
users.  This platform will also provide a contextual and
rich environment for brands to effectively advertise to the
Chinese market. 

    Under terms of the Agreement and Plan of Merger (the
"Merger Agreement") signed by the parties today,
a wholly-owned subsidiary of HSW International will merge
into INTAC with INTAC surviving the merger and becoming a
wholly-owned subsidiary of HSW International.  Upon
completion of the merger, all shareholders of INTAC will
receive the right to exchange their INTAC shares for shares
of common stock of HSW International, which will be publicly
traded on NASDAQ.  HowStuffWorks will contribute certain
assets, properties and rights to HSW International in
exchange for shares of common stock.  As of the effective
time of the merger, but prior to the completion of the
purchase of shares by the financial investors (as described
below) and issuance of certain additional shares and stock
options pursuant to the Merger Agreement, 50 percent of HSW
International will be owned by the shareholders of INTAC and
50 percent by HowStuffWorks.  This agreement will be subject
to standard regulatory approvals.

    In addition, INTAC's largest institutional shareholder
and Carl Icahn, an investor in HowStuffWorks, have each
committed $10 million to purchase shares of common stock of
HSW International.  StuffWorks, LLC, formed by a group of
current HowStuffWorks investors, will commit an additional
$2.5 million to purchase shares of common stock of HSW
International.  This new capital, totaling $22.5 million,
will allow HSW International to rapidly create a robust
online business for the China market.  

    "We believe this strategic partnership provides
significant value for our shareholders," said Wei
Zhou, CEO of INTAC.  "HSW International was formed to
take advantage of the vast potential of China's
significantly expanding Internet market.  By joining forces
we will marry HowStuffWorks' technology expertise and
content with our existing business in China, including our
offerings in the educational and career development
services we provide to millions of Chinese students, our
partnership with China's Ministry of Education, the reach
of our wireless distribution business, as well as our other
relationships in China.  HSW International has the combined
strengths to take advantage of the strong demand for
consumer information by building a robust online community
of information seekers."

    Under the Contribution Agreement for China, INTAC will
have exclusive digital publishing rights to HowStuffWorks'
content.  These rights will include access to content
obtained through HowStuffWorks' recently announced
strategic alliance with Publications International, Ltd.
(PIL), a 30-year-old publisher of mass-market books that
sells millions of reference books globally, and has current
product offerings in China.  Through the alliance,
HowStuffWorks has exclusive digital publishing rights to
the vast PIL product library of over 10,000 books and one
million images, as well as future works, access to over 350
writers and editors and the leading consumer expert review
resources Consumer Guide(R) and Mobil Travel Guide(R). 
These capabilities will now be localized and made
accessible to Chinese consumers.  Additionally,
MobilTravelGuide.com will be an excellent resource for
visitors during the 2008 Olympics by providing hotel,
restaurant and other reviews in Beijing.  The Contribution
Agreement also extends digital publishing rights to INTAC
in Brazil.

    "In today's global economy, it is imperative for
companies and brands to have the scale and reach to
effectively engage with consumers and meet their
information consumption needs," said Jeff Arnold,
Chairman and CEO of HowStuffWorks.  "The power of this
business model is the combination of HowStuffWorks'
tremendous digital content assets and expertise to build a
scaleable technology platform, enabling rapid deployment of
content, and INTAC's established distribution and
relationships.  Together, we will effectively enter this
market and become a pioneer in providing Chinese consumers
with credible content and expert reviews.  Additionally,
HSW International will become a vehicle to expand into
other emerging international markets with the largest
identified need for digital content and highest potential
for growth." 

    China's technology market is one of the fastest growing
markets in the world with approximately 111 million Internet
users and 20 million new users annually.  Obtaining
information is among the primary purposes for using the
Internet in China.  Additionally, the consumer e-commerce
segment in China has high growth potential.  The
partnership positions HSW International as a leading global
explanation provider, meeting the significant demand for
providing information to the large untapped community in
need of content, and helps Chinese Web users by
establishing a trusted and robust resource for evaluating
and rating consumer products and services.  In the same way
that HSW International will empower Chinese Web users with
trusted information to either be better informed or guide
buying decisions, it will also equip local Chinese
businesses with the ability to identify and meet existing
and emerging customer needs through contextual Internet
advertising.  

    INTAC and HowStuffWorks, in partnership, will offer new
revenue opportunities for HSW International by offering
diversified revenue streams through its Internet business,
including advertising, search, e-commerce and sponsorships.
  

    Following the closing of the transaction contemplated
by the Merger Agreement, Jeff Arnold will assume the
position of Chairman of HSW International, and will recruit
additional executives to help transform it into an
international media company.  Jeff Arnold founded WebMD in
1998 and was CEO until October 2000.  He is the Chairman of
The Convex Group, which owns HowStuffWorks, Flexplay and
LidRock, and is the Chairman and CEO of HowStuffWorks.  Wei
Zhou, the current CEO of INTAC, will be the CEO of HSW
International, and will continue to run INTAC's core
business.  The Board of Directors will be comprised of
seven members, with five, including Jeff Arnold, named by
HowStuffWorks and two, including Wei Zhou, named by INTAC. 
At least four of the directors will be independent. 
Following the consummation of the transaction, HSW
International's headquarters will be located in Atlanta, GA
and Hong Kong.

    About INTAC International, Inc.

    INTAC International, Inc. is a leading provider of
integrated educational and career development services as
well as management software products for educational
institutions in China. INTAC is also engaged in the
distribution of premium brand wireless handset products.
INTAC is a Nevada corporation and is headquartered in Hong
Kong.

    About HowStuffWorks, Inc.

    HowStuffWorks, Inc. is an online publishing company
that provides objective, credible and useful information
for people to learn about the world around them and make
smart decisions. The company's award-winning Web site is
the ultimate source for in-depth, easy-to-understand
explanations, expert product reviews, comprehensive buying
guides and informational videos, simplifying thousands of
topics in the areas of health, science, travel, automotive,
electronics and consumer products, among others. 

    HowStuffWorks is the exclusive digital publisher for
Consumer Guide and Mobil Travel Guide, leading providers of
expert reviews and ratings online at ConsumerGuide.com and
MobilTravelGuide.com. Founded in 1999, HowStuffWorks is
headquartered in Atlanta, GA, and is a subsidiary of The
Convex Group, a media and technology company. For more
information, visit http://www.howstuffworks.com .

    About The Convex Group

    Convex Group, Inc. is a media and entertainment company
with an extensive patent portfolio that acquires and
integrates unique assets to create new media networks. The
company, based in Atlanta, Georgia, owns several
proprietary distribution and content platforms, including
the "HowStuffWorks(R)" franchise, the exclusive
rights to "in-lid" CD-ROM distribution, which it
operates through the LidRock division, and the Flexplay
technology that enables time-limited, on-demand viewing of
movies, games and other content delivered on a DVD.

    Forward-Looking Statements

    This press release contains "forward-looking
statements," including, among other statements,
statements regarding the proposed business combination
between INTAC and HSW International, Inc., and the
anticipated consequences and benefits of such transaction. 
Statements made in the future tense, and words such as
"anticipate," "expect,"
"project," "believe," "plan,"
"estimate," "intend," "will,"
"may" and similar expressions are intended to
identify forward looking statements.  These statements are
based on current expectations, but are subject to certain
risks and uncertainties, many of which are difficult to
predict and are beyond the control of INTAC.  Relevant
risks and uncertainties include those referenced in INTAC's
filings with the Securities and Exchange Commission
("SEC") (which can be obtained as described in
"Additional Information" below), and include:
general industry conditions and competition; economic
conditions, such as interest rate and currency exchange
rate fluctuations; technological advances and patents
attained by competitors; challenges inherent in new product
development, including obtaining regulatory approvals;
governmental laws and regulations.  Risks and uncertainties
relating to the proposed transaction include: required
regulatory approvals will not be obtained in a timely
manner, if at all; the proposed transaction will not be
consummated; the anticipated benefits of the proposed
transaction will not be realized; and the integration of
HSW International, Inc.'s operations with INTAC will be
materially delayed or will be more costly or difficult than
expected.  These risks and uncertainties could cause actual
results to differ materially from those expressed in or
implied by the forward-looking statements, and therefore
should be carefully considered.  INTAC assumes no
obligation to update any forward-looking statements as a
result of new information or future events or
developments.

    Additional Information 

    This press release is not a substitute for the proxy
statement/prospectus and any other documents INTAC and HSW
International, Inc. would file with the SEC at an
appropriate time.  Investors and stockholders are urged to
read such proxy statement/prospectus and any other such
documents, when available, which would contain important
information about the proposed transaction.  The proxy
statement/prospectus would be, and other documents filed or
to be filed by INTAC and HSW International, Inc. with the
SEC are or will be, available free of charge at the SEC's
website ( http://www.sec.gov ) or from INTAC by directing a
request to: J. David Darnell, Senior Vice President and
Chief Financial Officer of INTAC International at
469/916-9881 or [e-mail] .

    INTAC is not currently engaged in a solicitation of
proxies from the stockholders of INTAC or HSW
International, Inc. in connection with the proposed
business combination between INTAC and HSW International,
Inc.  If a proxy solicitation commences, INTAC, HSW
International, Inc. and their respective directors,
executive officers and other employees may be deemed to be
participants in such solicitation.  Information about
INTAC's directors and executive officers is available in
INTAC's proxy statement, dated January 30, 2006 for its
2006 annual meeting of stockholders.  Additional
information about the interests of potential participants
will be included in the proxy statement/prospectus INTAC
would file with the SEC at an appropriate time.  

    For more information, please contact:
 
     J. David Darnell, 
     Senior Vice President & Chief Financial Officer, 
     INTAC International
     Tel:    [phone]
     Email:  [e-mail]

     Dana Lawing, 
     Marketing Manager, 
     HowStuffWorks
     Tel:    [phone]
     Email:  [e-mail]

     Jonathan Mairs, 
     Ogilvy Public Relations Worldwide, New York
     Tel:    [phone]
     Mobile: [phone]
     Email:  [e-mail]

     Philip Lisio, 
     Ogilvy Public Relations Worldwide, Beijing
     Tel:    [phone]
     Mobile: [phone]
     Email:  [e-mail]

SOURCE  INTAC International, Inc.