Am-Pac International Releases Six Month and Quarterly Comparative Sales.

NEW YORK--(BUSINESS WIRE)--Aug. 31, 1998--Am-Pac International Inc. (OTC BB: AMPC) today announced it is well ahead of schedule to meet its goal of sales of over $50 million in 1998. Net sales for the second quarter of 1998 were $21,359,000 compared to $11,938,000 for the second quarter of 1997. Net income for the second quarter of 1998 was $1,311,000, compared to $295,000 for the second quarter of 1997.

Net sales for the first six months of 1998 were $33,845,000, a 22% increase over the first six months of 1997. Net income for the first six months 1998 increased to $2,556,000. Net earnings per share, based on 18,515,000 shares, was $0.14 for the first half of 1998.

Am-Pac International Inc. is a fully-reporting major international trading company engaged in importing petrochemical products, electronic components and parts, and communications systems components for sale in China. With partners such as ARCO, SABIC and Nokia, Am-Pac International has offices throughout China, including: Hong Kong, Hainan, Guangzhou and Ningbo. Future expansion plans include: owning GSM networks, building a petrochemical terminal and manufacturing facilities for cold cabinets and electronic components.

Am-Pac International Inc. is located at: Suite 3101, Sino Plaza, 255-257 Gloucester Road, Causeway Bay, Hong Kong; fax: [phone]. More information can be found on the Internet at: www.MarketManagement.com.

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. -0-

                      Am-Pac International Inc.
                 Consolidated Statement of Operations

                       Pro Forma
            1st Qtr. 1997  2nd Qtr. 1997  1st Qtr. 1998  2nd Qtr. 1998

Net Sales      17,691,000     11,938,000     12,486,000     21,359,000
Cost of
 Goods Sold   (16,408,000)   (11,197,000)   (10,850,000)   (18,765,000)
            ----------------------------------------------------------
                1,283,000        741,000      1,636,000      2,593,000

Selling,
 General &
 Administrative
 Expenses        (462,000)      (529,000)      (391,000)      (523,000)
Interest
 Expenses        (347,000)       284,000             --             --
Interest
 Income             3,000         39,000             --             --
Other Income           --        (94,000)            --             --
            ----------------------------------------------------------
(Loss)/Income
 before Taxes     477,000        441,000      1,245,000      1,311,000
Provision for
 Income Taxes     (79,000)      (146,000)            --             --
            ----------------------------------------------------------
Net (Loss)/
 Income           398,000        295,000      1,245,000      1,311,000
            ==========================================================
Net (Loss)/
 Earnings Per
 Common Share       0.022          0.016          0.067          0.071

Weighted Average
 Number of
 Common Shares
 Outstanding   18,515,000     18,515,000     18,515,000     18,515,000
               ==========     ==========     ==========     ==========

These figures are revised from previous press releases.

CONTACT: Tedrow Communications Corporation

Press only: Thomas Tedrow, 800/777-8098