Asian Star Subsidary Launches Marketing of China Space Souvenir Products | SpaceRef Asia - Your Daily Source of Space News from Asia

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.''

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.

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