Hi Cima,
Hi All, thought this would be of interest to the lurkers and shareholders...With such a small float looking to see ASTV reach higher heights...Jackel...Just My Opinion
Date: Mon, 24 Jan 2000 15:29:35 -0700
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>>TheCopperWire
>>
>>Asian Star Development, Inc.
>>Ticker: ASTV
>>Outstanding shares:17 mil roughly
>>Float: estimated 1 mil.
>>
>>ASTV is seems to be a company on the move, we hope to see more news of
>>signigicant developments in the future. ASTV is rumored for intent to
>>apply for a Nasdaq listing.
>>
>>COMPANY PROFILE
>>Asian Star Development, Inc. (?ASTV? on OTC-BB) is a rapidly growing
>>business with significant investments and operations in Hong Kong and
>>mainland China. Incorporated in 1997 as a real estate development
>>concern, ASTV has recently expanded into a company that manufactures a
>>complete range of CD and DVD optical disc products.
>>
>>ASTV?s fundamentals are very strong. It?s a profitable, fully-reporting
>>company with a very tight share structure (~ 1 million share float). With
>>the Harmonic Hall Optical Disc Co. acquisition, ASTV will be generating
>>some impressive earnings figures in the current fiscal year from its
>>Fortune 500 clientele. Asian Star Development?s share of the current
>>year?s earnings will be about US$7 million; with an estimated 17 million
>>shares outstanding (post-acquisition), that?s about US$0.41 per share in
>>earnings for the current year (increasing to US$0.72 in FY 2001 and 2002).
>>
>>These figures suggest to us that the equity markets are currently valuing
>>ASTV at about 5x current earnings, and that the company is not getting any
>>value for its extensive real estate portfolio.
>>
>>Asian Star Development?s management remains focused on building a strong,
>>profitable and diverse company, and intends to apply for a NSADAQ Small
>>Cap listing in 2000.
>>
>>ASTV Announces Acquisition of Existing LPG Natural Gas Facilities in the
>>State of Kelantan, Malaysia, and Announces Plans to Build and Operate a
>>New Malaysian Super Port
>>
>>On January 18th, Asian Star Development, Inc., (NASDAQ OTC:ASTV) announced
>>that it had signed a Letter of Intent with Prima Sukma Sdn. Bhd., a
>>Malaysian Company, to acquire an existing LPG Cylinder Manufacturing Plant
>>and LPG Bottling Plant in the State of Kelantan, Malaysia. Asian Star
>>also announced plans to build and operate a New Intelligent Sea Port in
>>Kelantan, Malaysia to service associated Natural Gas and Oil industries
>>with full Marine facilities.
>>
>>The final contracts are scheduled to be signed on January 25th, 2000 in
>>Kota Bharu, Kelantan. A signing ceremony will also be held with the
>>Government of Kelantan, with Government Officials be present to show their
>>support. Further details of the projects will be released over the next
>>few weeks.
>>
>>
>>THE HARMONIC HALL ACQUISITION
>>On July 20th, Asian Star Development announced that it had entered into an
>>agreement to acquire the majority control of Harmonic Hall Optical Disc
>>Co. (?Harmonic Hall?).
>>
>>Based in Hong Kong (and poised for a major expansion into China in the
>>very near future), Harmonic Hall is one of the world?s leading
>>manufacturers of optical disc storage media (CD & DVD). The company?s
>>client base includes over 300 active customers, including Fortune 500
>>companies such as Philips, BASF, ACER, IBM and MicroSoft.
>>
>>Harmonic Hall is projecting net income of US$11 million in the fiscal year
>>ending June 30, 2000 (US$7 million to ASTV), increasing to over US$19
>>million in FY 2001 and 2002 (US$12.2 million per year for ASTV?s accounts).
>>
>>
>>WHY THE SHIFT TO CD-RW & DVD IS SO IMPORTANT FOR ASTV & HARMONIC HALL
>>DVD is fast becoming the most important consumer-electronics product since
>>the VCR. In the personal computer market, CD-RW (and, in a few years,
>>DVD-RW) has become very popular, with an estimated 20 million units
>>projected to be sold during 1999, increasing to 100 million units in 2002.
>>
>>Harmonic Hall is well positioned to be a major player in this
>>rapidly-growing market, and ASTV management?s strategy of developing new
>>blank recordable media appears to be in line with the emerging market
>>direction.
>>
>>Gross profit margins are much greater on DVD?s (they cost about 2x as much
>>as CD?s to make, but sell for 5x comparable CD-based products. More
>>importantly, Harmonic Hall enjoys significant cost advantages over their
>>competitors, chiefly the result of extremely high productivity rates. A
>>planned move to expand production into China during late 1999 and 2000
>>should produce further cost savings.
>>
>>
>>EXPERIENCED & CAPABLE MANAGEMENT
>>The Company?s founder, Chairman, President & CEO, Stephen Chow, has spent
>>his entire career building and operating successful companies throughout
>>North America and Asia. He has the experience, networks and connections
>>to successfully and profitably operate in China. Mr. Chow is very well
>>connected in both Hong Kong and mainland China, and currently serves as
>>the Advisor of Economic Affairs in the City of Taishan, Guandong Province,
>>China. Mr. Chow has also been appointed an Honorable Citizen of Shilong,
>>Dongguan, Guandong Province, China. Other notable community service
>>positions held by Stephen Chow include: Director of Windsor Builders
>>Association of Ontario, Canada; Director, Multi-Cultural Council of
>>Canada, and Director, Community Redevelopment Agency of City of Los
>>Angeles (a Los Angeles government Organization).
>>
>>
>>SIGNIFICANT MAJOR SHAREHOLDER - NEW WORLD DEVELOPMENT CO. LTD.
>>New World Development Co. Ltd. (?New World Development?), a company with a
>>US$6.5 billion market capitalization that is also a constituent stock of
>>the Hang Seng Index (Hong Kong Stock Exchange), is one of ASTV?s largest
>>shareholders. Asian Star?s close ties with New World Development provide
>>ASTV with invaluable financial and business credibility in its new and
>>on-going business ventures in Hong Kong and China.
>>
>>
>>CAPITAL STRUCTURE & TRADING RANGE (as of January 14, 2000)
>>Issued & Outstanding (post-acquisition): ~ 17 million shares (approximate)
>>Est?d Float: ~ 1 million shares
>>
>>
>>
>>
>>For more information, please contact:
>>Stephen Chow - President, Asian Star Development
>>Phone: 011 - 852 - 2721 - 0936 E-mail: info@AsianStarDev.com
>>
>>
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