EWEB Global X Emerging Markets Internet and E Commerce ETF

Euroweb International Corp. ("Euroweb", Nasdaq capital Market - EWEB), announced today that in accordance with the Company's program to repurchase shares of the Company's common stock in the open market or in private transactions, the Company has purchased, as of September 5, 2006, 199,418 shares at a total cost of $466,776.44. The Shemano Group is acting as the Company's representative in connection with the Repurchase Program. Yossi Attia, CEO of the Euroweb, stated "Although Euroweb cannot provide any guarantees, the company is satisfied with the results to date and it intends to continue to implement its repurchase program through December 15, 2006 or until the maximum 700,000 shares have been purchased." 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 developing opportunities in the real estate industry through its wholly-owned subsidiary, Euroweb RE Corp., a Nevada corporation, and in other areas through various joint ventures. Euroweb's common stock is traded on the Nasdaq Capital Market under the symbol "EWEB". For more information about the Company go to: www.euroweb-international.com. "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.