Friday May 19, 4:37 am Eastern Time
Company Press Release
Asian Star Contracts European Investor Relations Specialist Elliott, Lane & Associates, Inc. & Its European Partners to Spearhead European Investment & Investor Relations
HONG KONG--(BUSINESS WIRE)--May 19, 2000--Asian Star Development, Inc. (NASD OTC BB:ASTV), with its principal offices in Hong Kong, reached agreements today with the European market Investor Relations specialist firm of Elliott, Lane & Associates, Inc., to spearhead the company's first major Investor Relations campaign into Europe.
The company will also apply for dual listing of its shares on the booming Third Segment Markets of both the Berlin and Frankfurt Stock Exchanges. Quotes for the Frankfurt exchange can be accessed at the following URL: europeaninvestor.com. And quotes for the Berlin exchange can be accessed on the following URL: money.berlinerboerse.de.
The Berlin Stock Exchange has, in recent years, become a special market for foreign securities. It has more than 7400 international stocks on offer, including more than 5,200 US-companies and 145 eastern European stocks (including 49 Russian companies). Almost 300 companies have been listed on the Berlin Stock Exchange's Third Market Segment so far in May, including about 100 United States companies, such as Software Technologies (Nasdaq:STCS - news), Embarcadero Technologies (Nasdaq:EMBT - news), and Internet firms like Cavion Technologies (Nasdaq:CAVN - news), Cyber-Care, Inc. (Nasdaq:CYBR - news) and Adaptive Broad Band (Nasdaq:ADAP - news).
Stephen Chow, President of Asian Star, stated: ``The European market is a very important growth area for our firm and we are delighted to have found an exceptional firm in Elliott, Lane & Associates, Inc to introduce us to this very exciting market place and also to arrange the listing of our securities on the Major German trading platforms. With the union of the Frankfurt and London Stock exchange, we expect to receive additional exposure to the European investment community. With the launch of our recently acquired technologies, Asian Star offers new investors even more opportunities to participate in the huge potential of our various businesses, both in China and the entire Asian region.''
Elliott, Lane & Associates, Inc. & its European partners will assist Asian Star by introducing the company to potential merger and acquisition opportunities, joint venture and/or synergistic partnerships, and to European institutional investors.
Mark Lane, a principal of Elliott, Lane & Associates said that he is particularly excited about the technology cross-globalization synergies relative to the European market, and believes there is strong interest from potential European investors and cross border partners for Asian Star's type of company. Elliott, Lane & Associates was involved in the public listing of Nettaxi, Inc. (OTC BB:NTXY - news) and the dual listing of the following U.S public companies: (OTC BB:MRTO - news), (OTC BB:VNTK - news), (OTC BB:ENNT - news), (OTC BB:ASAT - news) and (OTC BB:NTSF - news).
The above statements in regard to Asian Star Development, Inc. and Elliott, Lane & Associates, 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.
--------------------------------------------------------------------------------
Contact:
Asian Star Development, Inc., Hong Kong
Stephen Chow, 011-852-2721-0936 (President)
info@asianstardev.com
Investor Relations, 415/566-2503 or 800/488-7151
www.asianstardev.com |
