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AsiaStar Development To Represent China's Commercial Space Push
Hong Kong - June 6, 2000 - Asian Star Development has been contracted by the Chinese Academy of Space Technology to promote various commercial space products, such as satellite communication networks, global positioning systems and all other commercial products developed by the Academy to international markets. The worldwide mandate includes developing programs of cultural and technological exchanges, contacting potential technology partners and clients, and coordinating international joint ventures and alliances for the Academy. China continues to launch satellites for commercial purposes and last year successfully completed its first unmanned space shuttle mission. Stephen Chow, President of Asian Star, stated, "We are extremely excited and most honored to be appointed for this prestigious undertaking. "Asian Star firmly believes that it is beneficial to China and the rest of the World to have The Academy actively participate in the explosive new technological era we are entering. This alliance could greatly expand the business opportunities that may be created for all parties involved. "As Asian Star is rapidly moving into the high-tech marketplace, this appointment means a great deal to our management, to our international commercial credibility, and shall hopefully bring increased confidence to our shareholders," said Chow. Asian Star Development's holdings and products encompass an extensive and interconnected global range of ventures, including hi-tech, manufacturing, internet, entertainment, real estate, leisure, sports, retail and infrastructure projects.
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