BGHT- Brighton Technologies - E-Commerce
ALLENDALE, N.J., April 14 /PRNewswire/ -- Brighton Technologies Corp.
(OTC Bulletin Board: BGHT) announced that recent securities legislation enacted in China is bringing order to securities trading. These changes emphasize the importance of the timing of Brighton's entry into online securities trading in China. In partnership with an entity of the Chinese government, Brighton has developed STAQ Online, a real time order entry and confirmation system modeled after the Nasdaq system.
As real time markets expand within China the need for a desktop system
to execute and confirm trades becomes critical. With beta testing of
the system complete, Brighton is entering the commercialization phase.
Brighton's STAQ Online trading workstations are now available in the
four major trading centers of Beijing, Shanghai, Chongqing, and
Shenzhen. Opportunities now exist to finance the expansion of this
network to a full 50 city system spanning all of China. From this
secure backbone the Company can offer services in the areas of internet access, e-mail, e-commerce, electronic book distribution and online internet brokerage services such as those provided by E*TRADE.
Recent articles in major newspapers, such as the Los Angeles Times,
have profiled the explosive growth of the Internet in China. Investors are being drawn to this new stage of exponential growth of Internet services. According to the China Internet Network Information Center, public access to the Internet only began in 1995. By the end of last year, there were 2.1 million Internet users with the number expected to double by the end of this year. Some projections expect 10 million users by the end of 2000.
Brighton's CEO, Kit Kung stated, "Brighton has a history of providing
secure network solutions to government, banking and industrial concerns within China. Brighton is uniquely prepared to tackle the challenge of e-commerce in China. Online buying has been slow to take hold in China due to concerns about security and collection of payment. The STAQ Online backbone will provide the security and confirmation of payment.
Efforts are well underway to finance the commercial expansion of this
system. Brighton, through STAQ and other e-commerce ventures, will
play an important part in the commercial development of Internet
commerce in China."
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 Corporation
CONTACT: Brighton
Technologies, 201-818-2889/
brightontechcorp.com |
