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For Immediate Release

Contact: Susan Duggan
Chief Executive Officer
Silicon Valley World Internet Center
T: 650-462-9800



PALO ALTO, Calif. May 15, 2003 - The Silicon Valley World Internet Center ( today announced the establishment of the Smart Items Business Forum (SIBF) which will convene corporate and government representatives to identify and fully leverage Smart Items business scenarios with the highest possible return on investment (ROI) for enterprise-scale customers.

"The SBIF will become a world-class focal point for the global commercialization of enterprise-scale Smart Items solutions," said Susan Duggan, CEO of the Silicon Valley World Internet Center. "With the exploding availability of low-cost radio frequency identification (RFID), wireless ad hoc sensor networks, and other Smart Items technologies, significant new business opportunities are arising across industry."

The forum will advance the understanding of the specific value dynamics of Smart Items in order to optimize ROI, identify and promote vertical market opportunities, identify and promote related innovative technologies and foster strategic partnerships, especially between software and hardware companies.

The Forum is open for paid membership to all companies and government officials and will be guided by a rotating board of advisors. The founding Board of Advisors will consist of five key companies in the Smart Items space. Positions on the Board are available. Four sessions are currently planned by the SIBF for the Summer of 2003. As the membership in the Forum grows, members and advisors will inform the creation of further sessions.

About the Center

The Silicon Valley World Internet Center is a for-profit corporation for the advancement of Internet-related technologies and market. A dynamic think tank and showcase, the Center leverages strategic knowledge and relationships for the benefit of its clients. In its seventh year in the Silicon Valley, the Center provides a multi-corporate forum and the professional facilitation for the validation of products, technologies, and strategic directions for producers of technologies and end-users.