EWEB Global X Emerging Markets Internet and E Commerce ETF

On July 10, 2006, Euroweb International Corp. ("Euroweb")(Nasdaq Capital Market: EWEB), registered with the United States Federal Government as a vendor for federal business opportunities through the FedBizOpps system. The Company registered as a general building contractor, a contractor and supplier of prefabricated structures, and other construction and development related categories. FedBizOpps.gov is the single government point-of-entry (GPE) for Federal government procurement opportunities over $25,000. Government buyers are able to publicize their business opportunities by posting information directly to FedBizOpps via the Internet. Through one portal - FedBizOpps (FBO) - commercial vendors seeking Federal markets for their products and services can search, monitor and retrieve opportunities solicited by the entire Federal contracting community. Mr. Yossi Attia, President of Euroweb RE Corp., the Company's wholly owned subsidiary, expressed his enthusiasm for the potential business opportunities: "In addition to the existing real estate projects Euroweb is involved with, the federal government, including many of its agencies, are potentially a major source of opportunities, growth, and revenue for Euroweb." About Euroweb International Corp. Euroweb International owns and operates an IT outsourcing company in Hungary through its wholly owned subsidiary, Navigator Informatika Rt. and is currently seeking opportunities in the real estate industry through its wholly-owned subsidiary, Euroweb RE Corp., a Nevada corporation. Euroweb's common stock is traded on the Nasdaq Capital Market under the symbol "EWEB". "SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 This press release contains forward-looking statements that involve risks and uncertainties. The statements in this Release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause Euroweb International Corp's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.