Brighton Technologies Announces Six-Month Results; Revenues Up 95 Percent.

ALLENDALE, N.J.--(BUSINESS WIRE)--August 20, 1998--Brighton Technologies Corp. (OTC:BGHT) Thursday announced financial results for the six months ended June 30, 1998.

Revenues for the first half of 1998 rose 95 percent to $8.9 million from $4.5 million a year earlier. Net income for the same period was $584,000, or 16 cents per basic and diluted share, compared with a net loss of $30,024, or 1 cent per basic and diluted share, in 1997.

Kit Kung, president and chief executive officer, stated, "Results for the six-month period reflect the advances of Brighton's ongoing efforts to position the company as a leading supplier of Western industrial equipment to China."

Kung noted that the company's joint venture with Yangzhou Machine Tools Works (Yangzhou Tools), finalized in March, positions the company for additional opportunities by permitting it to do business in domestic currency.

The joint venture targets small-to-mid-sized companies that earlier were discouraged from purchasing their equipment from Brighton, due to the costs associated with securing foreign currency and import licenses. Kung highlighted the company's success in securing several important industrial equipment and technology contracts during the first half of the year.

Customers included China Songhai Industrial Corp., Shanxi Electric Power Complete Equipment Co., Commercial Bureau of Heilongjiang Province, ShuangYa Shan Mine in Heilongjiang Province; Instrimpex Instec & Export Corp., and Chongqing Foreign Trade Import & Export.

Kung noted the company is making significant progress in its efforts to create a modern commercial wireless securities network, STAQ On-Line, which will connect key Chinese securities exchanges. He added that additional demonstration terminals are being planned for key cities throughout China, as sales and marketing efforts ramp up.

Brighton is a majority partner in the STAQ On-Line joint venture with Beijing Huazheng Electronic Technology Co. Ltd., a commercial entity directly controlled by STAQ.

The joint venture has established links among brokerages in Beijing, Shanghai, Chongqing and Shenzhen. Brighton Technologies is an engineering company specializing in information and wireless networks, computer systems integration and industrial automation for the Asian market. The company has headquarters in Allendale with offices in Beijing, Shanghai and Hong Kong.

Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements which involve risks and uncertainties, including, but not limited to, economic, competitive, governmental, political and technological factors affecting the company's revenues, operations, markets, products and prices, and other factors discussed in the company's various filings with the Securities and Exchange Commission. -0-

                      BRIGHTON TECHNOLOGIES CORP.
                   Consolidated Statement of Income
                             (Unaudited)

                                               Six Months Ended
                                                   June 30,
                                            1998             1997

Revenues                               $ 8,851,331      $ 4,535,865
Cost of revenues                         6,540,501        3,205,144
   Gross profit                          2,310,830        1,330,721
Operating expenses:
   Selling, general
    and administrative expenses          1,498,329        1,106,287
   Depreciation and amortization            56,045           40,314
   Consulting fees                          51,402          274,581
      Total operating expenses           1,605,776        1,421,182
Operating (loss) income                    705,054          (90,461)
Other (expense) income:
   Interest expense and bank fees         (113,268)         (28,124)
   Interest income                          21,209           43,520
   Miscellaneous income/(expense)          (22,651)           8,099
      Total other (expense) income        (114,710)          23,495
Income (loss) before income
 taxes minority interest                   590,344          (66,966)
 Provision for income taxes                 (6,311)          31,000
Minority interests                              --            5,942
Net income                             $   584,033      $   (30,024)

Earning (loss) per share data:
   Basic and diluted:                  $      0.16      $     (0.01)
   Weighted average
    shares outstanding                   3,668,195        3,467,630

CONTACT: Brighton Technologies Corp., Allendale

Alan A. Jurewicz, 201/818-2889

or

Pondel Parsons & Wilkinson, Los Angeles

Gary S. Maier/E.E. Wang, 310/207-9300