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Press Releases


Joint Green Dot Internet Services and dollarDEX Press Release
GDIS and dollarDEX introduce lowest sales charge in asset management funds for NSmen

Singapore, 23 January 2002 - Operationally ready national servicemen (NSmen) can now enjoy the lowest sales charge of 2% when they invest in Aberdeen and AIG International funds through an exclusive promotion only available through MIW (www.miw.com.sg), the NSmen's internet portal. This 2% sales charge is 60% off the normal sales charge of 5% in the current market. This latest promotion, together with attractive discounts in made-to-measure travel insurance packages are brought to NSmen by Green Dot Internet Services (GDIS), the developer of MIW and dollarDEX, Singapore's pioneering online licensed dealer and investments advisor.

Managed by internationally renowned fund management conglomerates, Aberdeen Asset Management Asia and AIG International Funds, this promotion allows NSmen a range of 17 funds to choose from for investment. Most of these funds are CPF OA/SA (Ordinary Account and Special Account) approved and SRS (Special Retirement Scheme) included. In addition, dollarDEX offers special gifts such as Olympus cameras, gold pendants, and Signature French wines for investments of certain minimum amounts.

"This exclusive promotion is in line with MIW's objective of bringing innovative services and benefits to NSmen online." said Dr Francis Yeoh, CEO of Green Dot Internet Services (GDIS). "Our NSmen play a critical role in the defence of our small nation state and certainly deserves special treatment for their commitment to national defence. This promotion with dollarDEX is one of many good offers that will come the way of the NSmen through MIW," he added.

This special offer is valid for six months, from 11 Jan to 30 Jun 2002 and is not available in any bank branches or any other online distributor.

Besides the lowest sales charge, NSmen who are MIW members can now also enjoy discounted rates in made-to-measure travel insurance. All they have to do is to key in their details online and receive a quotation for the premium payable immediately. The customized travel insurance packages managed by OUI Travel Insurance and Mitsui Sumitomo Insurance, are offered at a 30% and 10% markdowns from the usual prices, respectively. Valid from 11 Jan to 31 Mar 2002, this travel insurance is the best value in town.

Richard Lai, CEO of dollarDEX said: "DollarDEX has a consistent policy of delivering the best value in financial services to investors, borrowers, and insurance policy holders. Our important alliance with GDIS takes this best-price policy to a new plane, by offering selected high quality products to exclusive clientele."

Going forward, GDIS and dollarDEX will be rolling out financial planning seminars and further promotions customized for NSmen.

For more information, please visit www.miw.com.sg.

About MIW
MIW (miw.com.sg) is a lifestyle portal designed and built specially for Singapore's National Servicemen. It provides in one place all the information about National Service, MINDEF-specific applications and transactions. Catering to a population of increasingly tech-savvy users, MIW also provides leading edge messaging tools, attractive commercial offerings and content for the community of NSmen. Launched on 1 Apr 2001 by Deputy Prime Minister and Minister for Defence, Dr Tony Tan, the portal reaches 360,000 NSmen on-line and currently receives 30,000 unique visitors per month. It is accessible anytime, anywhere, through WAP and SMS messaging as well as through the Mindef eServices Centre at 1-800 eMINDEF or 1-800-364-6333.

About Green Dot Internet Services
Green Dot Internet Services (GDIS) is an e-business enabler and Internet services and solutions provider, helping enterprises harness the infinite potential of the Internet. GDIS's core competency is in portal operation & management and call center services. Incorporated in October 2000, GDIS is a subsidiary of Green Dot Capital (GDC) and part of the Singapore Technologies group. GDIS was awarded a 5-year contract by MINDEF to build and operate MIW (miw.com.sg), an internet portal serving the MINDEF community of NSmen, pre-enlistees into national service and MINDEF employees.

About dollarDEX
dollarDEX is the award winning pioneer in financial services in Asia. Together with its wholly-owned subsidiary dollarDEX Investments, a licensed financial institution in Singapore, dollarDEX helps retail customers manage their wealth better, with a wide repertoire of over 12 categories of innovative financial products from more than 76 brand-name banks, insurers, and fund managers.

dollarDEX is officially one of the three financially strongest firms in e50 dotcom, the annual ranking by Accenture and the Singapore Business Times, supported by the Economic Development Board and the Infocommunications Authority of Singapore. This is one of the few rankings based on audited financials. dollarDEX was placed 4th in 2000, ahead of three listed firms.

In January 20002, dollarDEX also received the Intelligent 2001 Award by Intelligent Enterprise, for technological innovation. The firm also received nominations for 'Hottest Internet start-up' and 'Best B2C service' in the 2000 Asia Internet Awards, the Far Eastern Economic Review's Asian Innovation Awards in 2000 and 2001, including rare double nominations in 2000.

dollarDEX also serves customers Hong Kong, and Taipei.


Green Dot Internet Services Pte Ltd
Mr Jon L. Hoo
Snr Marketing Communications Manager
DID: +65 6233 6654 
Fax: +65 6233 6667
E-mail: jon@gdis.com.sg
URL: www.gdis.com.sg
Ms Nancy Lim
The Right Spin Pte Ltd
Tel:  +65-6325 8171
Fax: +65-6227 2271
Mobile: +65-9688 9931
E-mail: nancy@therightspin.com.sg
URL: www.therightspin.com.sg
DollarDEX Pte Ltd
Ms. Elizabeth Tay
Tel : +65 6220 7890
Fax : +65 6372 0212
Email : etay@dollarDEX.com
URL : www.dollarDEX.com
Mr Wee Tee Jin
The Right Spin Pte Ltd
Tel:  +65-6325 8170
Fax: +65-6227 2271
Mobile: +65-9119 7421
E-mail: teejin@therightspin.com.sg

URL: www.therightspin.com.sg
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