its everywhere....
Lotus Pacific Develops New Cable ModemSet-top Box for Internet Access and Online Financial Trading
March 30, 1999 09:29 AM
PISCATAWAY, N.J.--(BUSINESS WIRE)--March 30, 1999--Lotus Pacific Inc. LPFC today announced it is developing a new generation of TV set-top box to include cable modem technology. This new cable modem set-top box will be marketed in both U.S. and international markets.
Since Microsoft MSFT announced its Venus project to develop set-top boxes for common households in China, it has fueled a hot market. Lotus Pacific has positioned its cable modem set-top box to be the leader in the high speed Internet product and service industry. In the past several years, many well known companies, such as Microsoft's WebTV, SONY SNE , Philips PHG , Sun Microsystems SUNW , have been developing and marketing set-top boxes. Lotus Pacific believes that the market potential for growth in this ever-changing market is huge. Through cable modem service providers like At Home ATHM , AT&T T , and Time Warner's TWX , the new cable modem set-top box enables people, with very little computer experience, to go online via home television in their living rooms.
Following the development path of leading online trading companies such as E*Trade EGRP , Charles Schwab SCH , Ameritrade AMTD and the recent activities of more traditional trading firms like Merrill Lynch MER , Lotus Pacific is progressively realizing its Internet-WallStreet Solutions(TM) concept. Lotus Pacific has designed a variation of its WonderTV A9000 set-top box specifically for the at-home financial trader.
"We believe that online trading is the future of the financial industry," said Tom White, vice president of Lotus Pacific and president of US Securities & Futures Corp., a wholly-owned subsidiary of Lotus Pacific. "We want to use our new cable modem set-top box to target international markets, especially financial trading communities. We envision becoming the total solution for international traders who want to trade securities on U.S. exchanges in any language at any time. Once having our new set-top boxes, worldwide traders can utilize our fast and easy-to-use system to trade futures and equities 24 hours a day in their living rooms."
About Lotus Pacific:
Lotus Pacific Inc. is an Internet technology and services company focused on developing and marketing Internet-related products and services in the U.S. and international markets with an emphasis on financial services. Through its subsidiaries, Regent Electronics Corporation, Arescom, TurboNet Communications, US Securities & Futures Corp. and Professional Market Brokerage, Lotus Pacific offers unique Internet-related products like the TeleWeb(TM) system, WonderTV(TM) set-top box, Internet routers, cable modems, and online financial trading system. Through realizing its Internet-WallStreet Solutions(TM) concept, Lotus Pacific provides new Internet solutions, services, and opportunities for its customers and shareholders.
For more information about Lotus Pacific see the company's web site at www.lpfc.com
Please note: Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this news release (as well as information in oral statements or other written statements made or to be made by Lotus Pacific, Inc.) contain statements that are forward-looking, such as statements relating to the future anticipated direction of the futures and securities industry, plans for future expansion, various business development activities, planned capital expenditures, anticipated sales, potential contracts, dependence on existing management, domestic and global economic conditions, changes in federal or state laws, and market competition factors. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Lotus Pacific, Inc.
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