As The Set-top Box Market Gets Hotter, Lotus Pacific Receives 120,000 Units Orders

Business Wire, June 24, 1999

PISCATAWAY, N.J.--(BUSINESS WIRE)--June 24, 1999--

Lotus Pacific, Inc. (OTC: LPFC) received purchase orders of 120,000 units of its A9000 set-top boxes for the international market in the second quarter of 1999.

The set-top box business is expanding exponentially in the global market. Particularly in Asia, as the market is rebounding from the Asian crisis, the interest and the development in the Internet-related high-tech field have never been so great. Because of its easy-to-use, low cost, and fast speed attributes, set-top boxes will lead most of people in the world (no matter they have PC experience or not) to go online.

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, TeleWeb(TM)/WonderTV(TM) set-top boxes, Internet routers, cable modems, and online financial trading systems. 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.