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To: SSP who wrote (41121)	4/4/2000 9:43:00 AM
From: herry iball	Read Replies (1) \| Respond to of 150070

CHCL: China Kevlar News Tuesday April 4, 9:08 am Eastern Time Company Press Release SOURCE: China Continental, Inc. China Continental Obtains Sole Manufacturing License to Produce Kevlar in China Receives Order From the People's Liberation Army of China To Supply 50,000 Bulletproof Jackets HONG KONG, April 4 /PRNewswire/ -- China Continental, Inc. (OTC Bulletin Board: CHCL - news) announced today that its subsidiary, Asia Continental Limited, has launched the manufacture of Kevlar bulletproof fabric that is widely used for making bulletproof vests. With this new development, the Company has obtained the sole manufacturing license to produce such products in China. Simultaneously, Asia Continental has received an order from the People's Liberation Army of China to supply 50,000 bulletproof jackets. The agreement will also require the Company to supply a further 50,000 jackets by the end of this year. The Company is currently in discussions to supply 70,000 jackets to the Indonesian police force. ``We are very excited about the recent product developments which will definitely strengthen our relationship with the Chinese government,' commented Mr. Harry H. H. Ho, Chairman of China Continental, Inc. ``Our subsidiary, Asia Continental, had revenues in 1999 of approximately US$13 million, with net income estimated at approximately US$2.0 million. With this contract and other recently announced developments, we are expecting to improve our previous year's revenue performance by approximately four times.' About China Continental Inc. China Continental, Inc., traded on the OTC Bulletin Board market since 1995, is a holding company with over ten years of experience in developing turnkey businesses. Core activities include supplying manufacturing technology on a turnkey basis, high technology manufacturing techniques in primary industries, and developing and providing technologies in agricultural genetics and farming. The Company's agricultural genetics and farming activities are centralized in the Inner Mongolia Province of China, covering an area of 406 square kilometers to commercialize its genetic techniques in breeding as well as propagating superior livestock and products in its own Research and Development Institute.