Brighton Technologies Corporation Receives $1.8 Million Investment In STAQ.

ALLENDALE, N.J.--(BUSINESS WIRE)--July 14, 1999--

Brighton Technologies Corp. (OTCBB: BGHT - news) announced the receipt of the $1.8 million investment from The Masses Mail-Order Co., Limited of China (The Masses).

In accordance with the agreement with The Masses and with the approval by the Chinese Government, The Masses has invested $1.8 million US into Beijing Brighton STAQ Electronics Systems Limited (STAQ), a subsidiary of Brighton. The STAQ joint venture can now apply for a new operating license and commence their aggressive strategy of marketing the STAQ system throughout China. An additional $3.0 million investment from The Masses for the second phase of the STAQ project is pending Chinese Government approval.

Brighton's STAQ Online trading workstations are now available in the four major trading centers of Beijing, Shanghai, Chongqing, and Shenzhen. This additional investment of $1.8 million will facilitate the expansion of this service to enable Brighton to reach this aggressive goal of encompassing a 50 city network that will span all of China.

This multi-point Nasdaq style system will allow real time order entry and confirmation leading to a dynamic marketplace for China's capital markets. STAQ is a member organization, which includes 550 member firms in 65 cities. This potential market will support up to 45,000 users and Brighton's goal is to capture 25% of this market. In the United States, where on line transactions account for 16% of all stock trades, Charles Schwab (NYSE: SCH - news) alone has 2.5 million active on-line accounts. According to estimates published by Bill Burnham, an analyst at CS Boston, online trading in the U.S. grew a record 47% to 500,000 a day from the fourth quarter 1998.

"The receipt of the $1.8 million funding for the expansion of STAQ demonstrates the Chinese Government's support of the STAQ project and the need for such an innovative trading system within China. Their support substantiates the financial viability of the STAQ project and the demand for this product within the Chinese financial markets," said Kit Kung, president and CEO of Brighton.

Brighton Technologies is an engineering company specializing in information technology and wireless networks, computer systems integration and industrial automation for the Asian market. The Company is headquartered in Allendale, N.J. and has offices in Beijing, Shanghai and Hong Kong.

Additional information can be obtained from the following web sites: http://www.brightontechcorp.com and http://www.brightonnet.com

Except for historical information contained herein, the matters discussed in this news release are forward looking statements that 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 Exchange Commission.