Lotus Pacific Develops New Cable Modem Set-top Box for Internet Access and Online Financial Trading

Business Wire, March 30, 1999

PISCATAWAY, N.J.--(BUSINESS WIRE)--March 30, 1999--Lotus Pacific Inc. (OTC: 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 (Nasdaq: 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 (NYSE: SNE), Philips (NYSE: PHG), Sun Microsystems (Nasdaq: 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 (Nasdaq: ATHM), AT&T (NYSE: T), and Time Warner's (NYSE: 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

rade (Nasdaq: EGRP), Charles Schwab (NYSE: SCH),
Ameritrade (Nasdaq: AMTD) and the recent activities of more
traditional trading firms like Merrill Lynch (NYSE: 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.