As The Set-top Box Market Gets Hotter, Lotus Pacific Receives 120,000 Units Orders.PISCATAWAY, N.J.--(BUSINESS WIRE)--June 24, 1999-- Lotus Pacific, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : LPFC LPFC Low Profile Flotation Collar LPFC Light Pulse Fibre Channel (adapter) ) 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 The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . 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 See Web 2.0 and Internet2. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . 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 relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc 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. |
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