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                                   Exhibit 4.7

        NEITHER THIS WARRANT NOR THE SHARES OF STOCK ISSUABLE UPON EXERCISE
        HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
        AMENDED, OR STATE SECURITIES LAWS. NO SALE, TRANSFER OR OTHER
        DISPOSITION OF THIS WARRANT OR SAID SHARES MAY BE EFFECTED WITHOUT (i)
        AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO UNDER APPLICABLE
        STATE SECURITIES LAWS, OR (ii) AN EXEMPTION FROM REGISTRATION UNDER SUCH
        LAWS IS AVAILABLE.

WARRANT NO. A-3            STOCK PURCHASE WARRANT         NO. OF SHARES  121,989
---------------                                           ----------------------

                  To Subscribe for and Purchase Common Stock of
                  INTEGRATED TRANSPORTATION NETWORK GROUP INC.

         THIS CERTIFIES that, for value received, CHUSA INTERNATIONAL LIMITED
(together with any subsequent transferees of all or any portion of this Warrant,
the "Holder"), is entitled, upon the terms and subject to the conditions
hereinafter set forth, to subscribe for and purchase from INTEGRATED
TRANSPORTATION NETWORK GROUP INC., a Delaware corporation (hereinafter called
the "Company"), at the price hereinafter set forth in Section 2, up to 121,989
fully paid and non-assessable shares (the "Shares") of the Company's Common
Stock, $.01 par value per share (the "Common Stock"). 


         1. DEFINITIONS. As used herein the following term shall have the
following meaning:

         "ACT" means the Securities Act of 1933, as amended, or a successor
statute thereto and the rules and regulations of the Securities and Exchange
Commission issued under that Act, as they each may, from time to time, be in
effect.

         2. PURCHASE RIGHTS. The purchase rights represented by this Warrant
shall be exercisable by the Holder in whole or in part commencing December 11,
1998. The purchase rights represented by this Warrant shall expire five (5)
years from the date hereof. This Warrant may be exercised for Shares at a price
of two United States dollars (US$2.00) per share, subject to adjustment as
provided in Section 6 (the "Warrant Purchase Price").

         3. EXERCISE OF WARRANT. Subject to Section 2 above, the purchase rights
represented by this Warrant may be exercised, in whole or in part and from time
to time, by the surrender of this Warrant and the duly executed Notice of
Exercise (the form of which is attached as Exhibit A) at the principal office of
the Company and by the payment to the Company, by check, of an amount equal to
the then applicable Warrant Purchase Price per share multiplied by the number of
Shares then being purchased. Upon exercise, the Holder shall be entitled to
receive, within a reasonable time, a certificate or certificates, issued in the
Holder's name or in such name or names as the Holder may direct, for the number
of Shares so purchased. The Shares so purchased shall be deemed to be issued as
of the close of business on the date on which this Warrant shall have been
exercised.

         4. SHARES TO BE ISSUED; RESERVATION OF SHARES. The Company covenants
that the Shares that may be issued upon the exercise of the purchase rights
represented by this Warrant will, upon issuance in accordance herewith, be fully
paid and non-assessable, and free from all liens and


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charges with respect to the issue thereof. During the period within
which the purchase rights represented by the Warrant may be exercised, the
Company will at all times have authorized and reserved, for the purpose of
issuance upon exercise of the purchase rights represented by this Warrant, a
sufficient number of shares of its Common Stock to provide for the exercise of
the right represented by this Warrant. 

         5. NO FRACTIONAL SHARES. No fractional shares shall be issued upon the
exercise of this Warrant. In lieu thereof, a cash payment shall be made equal to
such fraction multiplied by the fair market value of such shares of Common
Stock, as determined in good faith by the Company's Board of Directors.

         6. ADJUSTMENTS OF WARRANT PURCHASE PRICE AND NUMBER OF SHARES. If there
shall be any change in the Common Stock of the Company through merger,
consolidation, reorganization, recapitalization, stock dividend, stock split or
other change in the corporate structure of the Company, appropriate adjustments
shall be made by the Board of Directors of the Company (or if the Company is not
the surviving corporation in any such transaction, the Board of Directors of the
surviving corporation) in the aggregate number and kind of shares subject to
this Warrant, and the number and kind of shares and the price per share then
applicable to shares covered by the unexercised portion of this Warrant.

         7. NO RIGHTS AS SHAREHOLDERS. This Warrant does not entitle the Holder
to any voting rights or other rights as a shareholder of the Company prior to
exercise of this Warrant and the payment for the Shares so purchased.
Notwithstanding the foregoing, the Company agrees to transmit to the Holder such
information, documents and reports as are generally distributed to holders of
the capital stock of the Company concurrently with the distribution thereof to
the shareholders. Upon valid exercise of this Warrant and payment for the Shares
so purchased in accordance with the terms of the Warrant, the Holder or the
Holder's designee, as the case may be, shall be deemed a shareholder of the
Company.

         8. SALE OR TRANSFER OF THE WARRANT AND THE SHARES; LEGEND. The Warrant
and the Shares shall not be sold or transferred unless either (i) they first
shall have been registered under applicable State Securities laws, or (ii) such
sale or transfer is exempt from the registration requirements of such laws. Each
certificate representing any Warrant shall bear the legend set out on page 1
hereof. Each certificate representing any Shares shall bear a legend
substantially in the following form, as appropriate:

         THE SHARES EVIDENCED HEREBY HAVE BEEN ACQUIRED FOR INVESTMENT AND
         NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR
         DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE
         EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED
         THERETO UNDER APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO
         AN EXEMPTION UNDER APPLICABLE STATE SECURITIES LAWS.

         The Warrant and Shares may be subject to additional restrictions on
transfer imposed under applicable state and federal securities law. 

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         9. MODIFICATIONS AND WAIVERS. This Warrant may not be changed, waived,
discharged or terminated except by an instrument in writing signed by the party
against which enforcement of the same is sought.

         10. NOTICES. Any notice, request or other document required or
permitted to be given or delivered to the Holder or the Company shall be
delivered, or shall be sent by certified or registered mail, postage prepaid, to
the Holder at its address shown on the books of the Company or in the case of
the Company, at the address indicated therefor on the signature page of this
Warrant, or, if different, at the principal office of the Company.

         11. LOSS, THEFT, DESTRUCTION OR MUTILATION OF WARRANT. The Company
covenants with the Holder that upon its receipt of evidence reasonably
satisfactory to the Company of the loss, theft, destruction or mutilation of
this Warrant or any stock certificate and, in the case of any such loss, theft
or destruction, of an indemnity or security reasonably satisfactory to it, and
upon reimbursement to the Company of all reasonable expenses incidental thereto,
and upon surrender and cancellation of this Warrant or stock certificate, if
mutilated, the Company will make and deliver a new Warrant or stock certificate,
of like tenor, in lieu of the lost, stolen, destroyed or mutilated Warrant or
stock certificate.

         12. BINDING EFFECT ON SUCCESSORS. This Warrant shall be binding upon
any corporation succeeding the Company by merger, consolidation or acquisition
of all or substantially all of the Company's assets, and all of the obligations
of the Company relating to the Shares issuable upon exercise of this Warrant
shall survive the exercise and termination of this Warrant and all of the
covenants and agreements of the Company shall inure to the benefit of the
successors and assigns of the Holder.

         13. GOVERNING LAW. This Warrant shall be construed and enforced in
accordance with, and the rights of the parties shall be governed by, the laws of
the State of New York.

         IN WITNESS WHEREOF, INTEGRATED TRANSPORTATION NETWORK GROUP INC. has
caused this Warrant to be executed by its officer thereunto duly authorized.

ORIGINAL ISSUANCE AS OF:  December 11, 1998

                           INTEGRATED TRANSPORTATION NETWORK GROUP INC.


                           /s/ Andrew Lee  
                           -----------------------------------------------------
                           By:  Andrew Lee, President

                           Address: Integrated Transportation Network Group Inc.
                                    205 West 39th St., 16th Floor
                                    New York, NY 10018

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                                    EXHIBIT A


                               NOTICE OF EXERCISE


         To:      INTEGRATED TRANSPORTATION NETWORK GROUP INC.

         1. The undersigned hereby elects to purchase _________ shares of Common
Stock of INTEGRATED TRANSPORTATION NETWORK GROUP INC. pursuant to the terms of
the attached Warrant, and tenders herewith payment of the purchase price of such
shares in full.

         2. Please issue a certificate or certificates representing said shares
in the name of the undersigned or in such other name or names as are specified
below.

         3. The undersigned represents that the aforesaid shares of Common Stock
are being acquired for the account of the undersigned for investment and not
with a view to, or for resale in connection with, the distribution thereof and
that the undersigned has no present intention of distributing or reselling such
shares. The undersigned further represents that such shares shall not be sold or
transferred unless either (1) they first shall have been registered under
applicable state securities laws or (ii) or an exemption from applicable state
registration requirements is available.

         4. In the event of partial exercise, please re-issue an appropriate
Warrant exercisable into the remaining shares.


                                           -------------------------------------
                                           Name:


                                           Address:
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                                           -------------------------------------
                                           (Signature)

                                           -------------------------------------
                                           (Date)

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