Asian Star Subsidary Launches Marketing of China Space Souvenir Products
HONG KONG, Sep 11, 2000 (BUSINESS WIRE) -- Asian Star Development, Inc. (NASDAQ
OTC BB:ASTV), through its wholly owned subsidiary, Asian Star Technology
Development Limited (ASTD), announced the launch of its marketing program for
the highly coveted China Space Souvenir Products. The unique Products are now
available through its web site : chinaspacesouvenirs.com and in over
sixty (60) jewelry and book stores in Hong Kong. Currently, the web site is only
in the Chinese language, with the English version expected within approximately
2 weeks. Our Joint Venture partners in this project are the Chinese Academy of
Space Technology (CAST) and the China Space Foundation South Agency (CSF).
The merchandise includes authentic, limited edition articles carried in the
cabin of the first Chinese Space Ship during its maiden voyage into space orbit
in late 1999. The articles are accompanied by Certificates of Authenticity from
the Chinese Government. The projected sale revenues from the Products are
approximately US$8 million.
Stephen Chow, President of ASTV stated: "We are most honored to be selected as
exclusive Joint Venture partners with CAST and CSF. This merchandising Joint
Venture is just the beginning of what we anticipate will be a long-term working
relationship between ASTV and the two Chinese Space Organizations."
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.
CONTACT: Asian Star Development, Inc.
Investor Relations, 415/566-2503
www.asianstardev.com
or
Stephen Chow, President, 011-852-2721-0936
info@asianstardev.com |
