August 16, 1999
Asian Star Files Form 10-SB Amendment To Comply With OTC Bulletin Board Eligibility Rule
Hong Kong - Asian Star Development, Inc., a Nevada Corporation, (NASD OTC BB: ASTV), announced today that, in order to comply with the OTC Bulletin Board Eligibility Rule, and remain trading on the Bulletin Board, the Company filed its Amendment to Form 10-SB on August 13, 1999.
The Company filed its Form 10-SB on May 11, 1999, a Comment Letter was sent by the Securities Exchange Commission (SEC) on June 14, 1999, and the Company filed its response on August 13, 1999.
Mr. Stephen Chow, President of Asian Star, stated, “Our Accountant completed our update Financial Statement to June 30, 1999. All other necessary responses to the Comment Letter were made. The Amendment to our Form 10-SB were filed on August 13, 1999. We will exercise our best effort to obtain the compliance with the new rule at an earliest date.”
To receive further corporate information, contact:
Investor Relations : 1-415-566-2503
or visit www.asianstardev.com.
Hong Kong : Stephen Chow, President, Asian Star Development, Inc.:
011-852-2721-0936 or e-mail: info@asianstardev.com.
The above statements in regard to Asian Star Development, Inc. which are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Asian Star Development, Inc.'s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate and marketplace changes. |
