Brighton Technologies Corporation Receives Chinese Government Approval on the STAQ $1.8 Million Investment.

ALLENDALE, N.J.--(BUSINESS WIRE)--June 21, 1999--

Brighton Technologies Corp. (OTCBB: BGHT - news) announced the formal approval by the Chinese Government of the joint venture agreement with The Masses Mail-Order Co., Limited of China (The Masses).

The agreement as approved by the Chinese Government specifies that The Masses will invest $1.8 million US into Beijing Brighton STAQ Electronics Systems Limited, a subsidiary of Brighton. 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 speed the expansion of this service to enable Brighton to reach its goal to encompass a 50 city network, spanning 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.

While Brighton received the approval of this significant investment in STAQ within China, Nasdaq announced recently that it would team up with Softbank Corporation to develop a version of its electronic Nasdaq Stock Market in Japan. The Nasdaq-Softbank venture is clearly aimed at expanding the popularity of electronic trading. With Nasdaq-Japan the N.A.S.D. hopes to establish an important beachhead in a country where electronic trading is so far

insignificant. Nasdaq's announcement and the Chinese Government's approval of the STAQ investment demonstrates how rapidly markets around the globe are being transformed by technology and a global economic boom. "To the extent we are successful here, it could have implications beyond Japan," Mr. Zarb, the Chairman and Chief Executive of the N.A.S.D., said in a reference to his organization's attempts to cooperate with other financial markets around the world.

"We are extremely pleased about receiving approval from the Chinese Government for this joint venture that will provide additional funding for the expansion of STAQ. Their support demonstrates the economic potential for China in the further development and expansion of STAQ," said Kit Kung, president and CEO of Brighton. "We believe this new joint venture and the infusion of additional capital will enable the STAQ online network to be refined and marketed to its fullest extent, and allow STAQ to play a key roll in capitalizing on China's enormous economic potential as it enters the 21st century."

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.