Asian Star Development, Inc. Engages Price Waterhouse Coopers as Auditors.

Business Editors

HONG KONG--(BUSINESS WIRE)--May 8, 2000

Asian Star Development, Inc. (NASDAQ OTC BB: ASTV), with its principal office in Hong Kong, is pleased to announce that it has engaged Price Waterhouse Coopers as its auditing firm. Price Waterhouse is one of the largest accounting firms in the world, with offices in most major cities of the world, including a significant office in Hong Kong.

Stephen Chow, President of Asian Star, stated, "Consistent with the expansion of our business, we are pleased to announce the engagement of Price Waterhouse as our auditors. We plan to embark on a significant acquisition program and feel that Price Waterhouse will be able to provide substantial assistance and guidance in this endeavor."

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, financial and marketplace changes.