For Immediate Release

e-KONG Announces 2006 Final Results

HONG KONG, 24 March 2007 -- e-KONG Group Limited (“the Company” or “e-KONG”), a company listed on the main board of the Hong Kong Stock Exchange (SEHK: 524), yesterday announced its final results of the Company and its subsidiaries (“the Group”) for the year ended 31 December 2006.

During the year under review, the Group recorded a significant increase in turnover while continuing to maintain profitable operating results. The acquisition of assets in connection with the provision of long distance telecommunication services in the United States (the “WRLD Alliance transaction”), as approved by shareholders of the Company in March 2006, was successfully completed and smoothly integrated with the existing ZONE US operations. Such assets have proven their value as they helped ZONE US in contributing significantly to the growth in turnover and EBITDA of the Group.

Turnover of the Group was HK$702.8 million, up 66.3% from HK$422.6 million for the previous year. Profit from operations of the Group for 2006 recorded a rise of 23.1% from the previous year to HK$47.5 million. The Group recorded net profit of HK$40.6 million compared to HK$47.1 million for the prior year, however, if the deferred tax effect is excluded, the 2006 net profit would be 5.5% higher than 2005. EBITDA of HK$57.2 million was up 26.6% from HK$45.2 million for the prior year.

The Group’s balance sheet remains healthy with total net assets of HK$132.1 million, representing an increase of 45.1% over the prior year, with bank balances and cash in 2006 exceeding HK$100 million. The Group’s balance sheet was further strengthened in February 2007 following the completion of a placement of the Company’s shares which raised approximately HK$44.8 million and at the same time, the Group also raised US$2.5 million (HK$19.5 million) from an institutional investor for the acquisition of a 5% stake in ZONE Resources Limited which is the subsidiary providing the Voice-over Internet Protocol (VoIP) services, “ZoiPPE”.

ZONE operations in the United States (“ZONE US”) recorded another year of robust growth almost doubling its turnover from HK$308.7 million for the previous year to HK$599.0 million. This increased turnover was mainly due to the growth in carrier business of ZONE US servicing more than one-third of all independent local exchange carriers (“ILECs”) located throughout the United States, including those customers acquired under the WRLD Alliance transaction. Profit from operations for the year totalled HK$29.9 million, representing an increase of 37.8% compared to HK$21.7 million for the prior year.

Turnover from ZONE Hong Kong and ZONE Singapore (collectively, “ZONE Asia”) for 2006 amounted to HK$97.5 million compared to HK$105.4 million for 2005. Profit from ZONE Asia’s operations for the year under review were HK$27.9 million, representing an increase of 34.1% compared to HK$20.8 million for the previous year. ZONE Asia was able to achieve higher operating profits, despite a slight decrease in turnover, by further increasing its gross margins and continuing its efforts to improve operating productivity. In addition, ZONE Hong Kong continues to be the main resource base for penetrating into the China market and for expanding the VoIP business globally. Towards the end of 2005 and in 2006, ZONE Hong Kong deployed technical and business teams to provide management expertise and support to its partners' operations in China.

In December 2006, ZONE Asia officially launched its latest global VoIP service ZoiPPE (www.zoippe.com) at the ITU Telecom World 2006. Since its launch, ZoiPPE has embarked on a number of marketing initiatives to promote its services and has received significant publicity and press coverage from both the online and traditional mediums.

“Growing ZoiPPE’s user base cost-effectively, through viral marketing and strategic co-branding/white-labelling alliances and partnerships, will be a priority for the coming year. While Skype remains the key global player in the area of PC-to-PC voice calls, we believe there will be many opportunities for other players, including ZoiPPE, to capture sizeable portions of the large paid-services market. For example, recently Skype imposed a connection fees for all PC-to-Phone calls which now gives ZoiPPE an even more competitive price advantage.” Mr. SG Lim, Executive Director of the Group who is also the Managing Director of ZONE Resources Limited explained.

“I am pleased with the progress made and milestones achieved in 2006 which are key components of the Group’s strategy formulated to deliver long term sustainable growth and to enhance shareholders’ value. The recent share placement at a price that was at a premium to the closing price of the Company’s shares prior to the date of transaction and the 5% investment in ZONE Resources Limited that recognised the ZoiPPE business at a valuation of US$50 million demonstrate the confidence of the investment community in the Group’s business model and long-term strategy” added Mr. Richard Siemens, Chairman of e-KONG.

Looking ahead to 2007, the Group is excited about the prospects of expanding its ZONE businesses within and beyond its current operations in the United States, Hong Kong and Singapore. ZONE will continue to organically grow its market share in these countries/areas while seeking acquisition targets, such as the WRLD Alliance transaction, that once integrated with the current operations can bring synergistic value to the Group. The Group will also take business development initiatives to expand the ZONE business model to other areas, including India and China.

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Note: The full text of the Company’s 2006 Final Results announcement can be accessed through the e-KONG’s corporate website at: www.e-kong.com/investors/announcements.htm

About e-KONG Group Limited
e-KONG Group Limited is listed on the main board of the Hong Kong Stock Exchange (SEHK: 524) and maintains a sponsored Level 1 ADR programme through The Bank of New York (Ticker Symbol: EKONY). The Company's ZONE telecommunications business, currently operating in the United States, Hong Kong and Singapore, provides innovative services using its patented web-enabled technology which allows customers' access to an unrivalled choice of telecom services from multiple providers while empowering them with tools to effectively and efficiently manage their telecommunications needs.

For further information on e-KONG, please visit: www.e-kong.com

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