News--China Internet
ALLENDALE, N.J., March 16 /PRNewswire/ -- Brighton Technologies Corp. (OTC
Bulletin Board: BGHT - news) announced that it is building on its
experience in the expanding electronic commerce market in China. Brighton
has an 18 year history of providing network solutions to government and
industry in the Peoples Republic of China. This history of successfully
completed projects has earned them the opportunity to work in partnership
with the Chinese government in developing a multipoint to multipoint online
securities trading network. This system, STAQ-Online (Securities Trading
Automated Quotation Exchange), will be the Nasdaq equivalent for China. The
system is up and running in the four major trading centers of Beijing,
Shanghai, Chongqing, and Shenzhen. Preparations are underway for a
full-scale commercial launch during the first half of 1999. The STAQ joint
venture agreement ensures that Brighton has the right to participate in the
expansion from the current 4 city base to a 50 city network spanning all of
China. From this secure backbone the Company can offer services in the
areas of Internet access, e-commerce, electronic book distribution, and
online Internet brokerage services such as those provided by E*TRADE.
Brighton's CEO, Kit Kung stated, ''Brighton's history of providing secure
network solutions to government, banking, and industrial concerns within
China has made Brighton the obvious choice to bring secure Internet
commerce to the region. China's Internet use doubled in 1998 and the
opportunities have never been greater. It is Brighton's goal to continue to
be a leader in online securities trading and to develop the opportunities
that this provides. Internet commerce and electronic book distribution are
only a starting point. We will explore every opportunity to tap the growth
of China's telecommunications revolution for the profit of our
shareholders.''
Brighton Technologies is an engineering company specializing in information
technology and wireless networks, computer systems integration and
industrial automation for the Asian market. The company is headquartered in
Allendale, N.J. and has offices in Beijing, Shanghai and Hong Kong.
Additional information can be obtained from the following web sites:
brightontechcorp.com and brightonnet.com.
Except for the historical information contained herein, the matters
discussed in this news release are forward-looking statements that involve
risks and uncertainties, including but not limited to economic,
competitive, governmental, political and technological factors affecting
the company's revenues, operations, markets, products and prices and other
factors discussed in the company's various filings with the Securities
Exchange Commission.
SOURCE: Brighton Technologies Corp.
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