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Asian Star Subsidary Launches Marketing of China Space Souvenir Products

Press Release From: Asian Star Development
Posted: Monday, September 11, 2000

Asian Star Development, Inc. , through its wholly owned subsidiary, Asian Star Technology Development Limited (ASTD), announced the launch of its marketing program for the highly coveted China Space Souvenir Products. The unique Products are now available through its web site : http://www.chinaspacesouvenirs.com and in over sixty (60) jewelry and book stores in Hong Kong. Currently, the web site is only in the Chinese language, with the English version expected within approximately 2 weeks. Our Joint Venture partners in this project are the Chinese Academy of Space Technology (CAST) and the China Space Foundation South Agency (CSF).

The merchandise includes authentic, limited edition articles carried in the cabin of the first Chinese Space Ship during its maiden voyage into space orbit in late 1999. The articles are accompanied by Certificates of Authenticity from the Chinese Government. The projected sale revenues from the Products are approximately US$8 million.

Stephen Chow, President of ASTV stated: ``We are most honored to be selected as exclusive Joint Venture partners with CAST and CSF. This merchandising Joint Venture is just the beginning of what we anticipate will be a long-term working relationship between ASTV and the two Chinese Space Organizations.''

To receive further corporate information, contact :

    Investor Relations: 1-415-566-2503
    or visit www.asianstardev.com

Hong Kong : Stephen Chow, President,

Asian Star Development, Inc.

011-852-2721-0936 or e-mail info@asianstardev.com

The above statements in regard to Asian Star Development, Inc. which are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Asian Star Development, Inc.'s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate and marketplace changes.

Contact:

Asian Star Development, Inc. Investor Relations, 415/566-2503
www.asianstardev.com
or
Stephen Chow, President, 011-852-2721-0936
info@asianstardev.com

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