Bonso Electronics Announces New Telecommunication Business.Business Editors, High-Tech Writers HONG KONG--(BUSINESS WIRE)--April 20, 2000 Bonso Electronics International, Inc. (Nasdaq/NMS:BNSO) announced new orders for its principal telecommunication product -- the Family Radio System ("FRS FRS abbr. Fellow of the Royal Society FRS, n “flexed rotated side-bent,” an osteopathic abbreviation used to describe vertebral position in cases of spinal dysfunction. "). Anthony So, Chairman and Chief Executive Officer of Bonso stated, "the Company has received an order from a Korean company, for average monthly shipments of 300,000 FRS units to be sold under a world wide brand name into the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market. The current order is for an aggregate of 2,400,000 units to be produced between April 2000 and November 2000. This order represents a monthly increase of approximately 200,000 units from shipments in March 2000 of approximately 100,000 units." Mr. So stated that, "as a result of this new order we anticipate a tremendous increase in our annual sales during the fiscal year ending March 31, 2001." He also stated that "the Company expects the worldwide telecommunication's business to continue to grow, and that Bonso will be able to participate in that growth with the development and manufacture of various new telecommunications products." Bonso Electronics designs, develops, manufactures, assembles and markets a comprehensive line of electronic scales and weighing instruments and electronic consumer and health care products, as well as, their new line of telecommunications products. The Company manufactures all of its products in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China. The Company's scales include bathroom, kitchen, office, jewelry, laboratory, pocket, postal, industrial, parcel and mechanical scales that are used in consumer, commercial and industrial applications. The Company's electronic consumer and health care products include thermometers and blood pressure monitors. The company's telecommunications products include two-way radios and cordless telephones. Headquartered in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , Bonso electronics markets its products to customers primarily in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe. 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. Statement under the 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: The statements which are not historical facts contained in this press release are 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. that involve certain risks and uncertainties including, but not limited to, risks associated with the market for telecommunications products, uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. |
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