Alpha Spacecom's Planned Satellite Launch Early In 2003 To Usher In New Telecom Era In China

Business Wire, March 1, 2002

Business Editors/Technology Writers

BEVERLY HILLS, Calif.--(BUSINESS WIRE)--March 1, 2002

A company spokesperson announced today that it is planning to launch its first communications satellite in late 2003 providing interactive and on demand services from its specialized Alpha Systems Platform ushering in a new era of professionalism for the telecommunications industry in China when in place. http//:www.alphaspacecom.com

Mr. Brian T. Brick, COO, stated that service industries, including telecommunication, banking, insurance and securities have become focal points of investment in China. And that Alphacom's Platform, when operational, is expected to be a key element in the development of entertainment, communications and data transfer services to the world's largest consumer market.

The Alphacom System is a hybrid Ka/Ku-band satellite system consisting of a Ka-band platform and a Ku-band platform with interoperability between the two. The system can support "Star" network(s) to provide unicast, multicast or broadcast connectivity, as well as "Mesh" network(s) to provide point-to point connectivity. The "Star" networks and the "Mesh" networks are the two basic network configurations for any broadband systems to adopt.

In a "Star" network, one node or the "Star" node has connectivity to a number of nodes that have no connectivity in between. In our case, the satellite is the "Star" node which has connectivity to all the receiving terminals or receiving nodes on the ground. In a "Mesh" network, every node in the network has connectivity to any other node in the network. All the terrestrial networks, broadband or narrowband are "Mesh" networks. The "Star" networks are good for providing data and TV or video broadcasting services. The "Mesh" networks are good for providing user-to-user data communications. Most broadband platforms including fiber-optic networks and CATV networks are limited in their capabilities to support both "Star" network and "Mesh" network connectivity. In addition to the unique capability of supporting both "Star" and "Mesh" networks, the Alphacom System has a high throughput of greater than 30 Gbps. With additional capability in reconfiguring the connectivity, the system offers highly efficient utilization of the frequency resources; thus making it cost competitive against any other broadband platforms.

Alpha Spacecom (OTCBB:TEIM) is responsible for the overall planning of the Alphacom System and the construction and management of the space segment of the Alphacom system. Alpha Spacecom is responsible for the development of the ground application systems and equipment. As a company registered in Hong Kong, Alpha Spacecom has inherent advantages to develop the space segment of the Alphacom system. The world's leading satellite system developer, the Lockheed Martin Corporation, is the investing contractor responsible for the design and construction of the Alphacom System including the satellites, the Network Operations Center (NOC), the Regional Operations Centers (ROC) and the Satellite Operations Center (SOC). Alpha Spacecom will work with Alpha Satnet on the development and applications of the ground networks. The ultimate mission for the Company is work with the telecommunications and broadcasting authorities of China and its neighboring countries to create unprecedented economic and social benefits.

Management anticipates that the Alpha's project will benefit significantly from the intense competition amongst the international media groups for access to the huge lucrative Chinese market. Alpha's System will provide significant access to a market estimated to be over 300,000,000 subscribers.

He noted that a decade ago no one would have predicted that leisure for China's emerging urban middle class would have such an American texture. The quality of life has improved, the country's improved, and even people's ideas have changed. Americana is the benchmark.

Mr. Brick went on to say that in the last two decades, China has mainly opened its industries to overseas investors, and the nation will continue to encourage foreigners to invest in its basic industries, infrastructure construction and environmental protection.

The State Development Planning Commission (SDPC), the State's highest economic planning authority, recently announced that new foreign investment guidelines were tailored to the commitments China had made before it became a World Trade Organization (WTO) member.

Statements in this news release may constitute forward-looking statements made under the safe harbor provisions of the applicable securities acts and regulations, and as such are subject to numerous risks and uncertainties that could affect actual future results, including, but not limited to the uncertainty that any of the matters contained therein will happen and other risks as may be detailed from time to time in the company's filings with the Securities and Exchange Commission. Thus, the actual results may differ materially from those contained in this news release. The company disclaims any obligation to update any statements in this news release. e-mail Brian T. Brick, President/CEO at TEIMPLAYER@aol.com, Tele. 310-276-6743.