Century Milestone S&T Co. Ltd. Receives Overwhelming Response To Newest Product.

Business Editors

GENEVA--(BUSINESS WIRE)--Nov. 13, 2000

Century Milestone S&T Co. (OTCBB:CEML)

The Company is pleased to announce the overwhelmingly positive response to the its latest product offering, the Century Sight 2000. High levels of interest demonstrated by attendees at this month's National Security & Guard Products Exhibition in Beijing indicate that the Company has succeeded in developing a product with a feature to price ratio sufficient to move Century Milestone to the forefront of the security monitoring systems market.

The centerpiece of the Century Sight 2000 is the Company's digital recording and storage technology. The Company's digital recorder boasts a compression ratio of 200:1, as compared to the leading competitor's compression ratio of 110:1. This industry-leading compression allows for rapid recall, excellent image quality and long life of recorded images. Storage of the digital images is on hard disk, allowing for extended recording time and eliminating the need for expansive storage areas in order to archive security images. As a complete system, the Century Sight 2000 also includes monitors, cameras, and all hardware and software necessary for the installation and operation of the system at a cost comparable to the cost of a stand-alone recorder from the leading competitor.

The Century Sight 2000 system features 270 hours of single route recording at 20-25 frames per second and is priced at approximately 10,000 yuan. Comparable competitors' products cost much more, with the recorder alone priced at approximately 11,000 yuan. Such systems also require the purchase of tapes for additional storage. The Company's leading competitor offers a four route digital recorder for approximately 33,000 yuan. Without the addition of DAT tapes, the recorder is limited to 10 hours of recording time. The cost of additional tapes can raise the overall cost of the system to almost 52,000 yuan. Using Century Milestone's advanced compression technology, a four route digital recording system which is capable of storing 270 hours of images without the use of tapes, can be purchased for 31,000 yuan.

Reaction to the Company's technology at the National Security and Guard Products Exhibition clearly indicates that the Century Sight 2000 system meets or exceeds the requirements of the market while maintaining an acceptable feature to cost ratio. Prior to the Exhibition, the Company had anticipated sales of approximately 5,000 systems in the first year of production. At the close of the week-long Exhibition, confirmed sales had already reached 1,000, with a continuing demonstration of interest from many additional consumers.

"The response to the Century Sight 2000 system is greater than we had expected," said Century Milestone Board Chairman Lau. "We are pleased to find that our product has been so readily accepted by so many."

In addition to direct sales throughout the People's Republic of China, the Company is pursuing distribution of the Century Sight 2000 core technology abroad. Building on its long-standing relationship with Sanyo, the Company is currently in negotiations to act as Original Equipment Manufacturer (OEM) of various components, based on the Century Sight 2000 core technology, which Sanyo will integrate into its existing line of security video monitoring systems.

NOTE ON FORWARD-LOOKING STATEMENTS: Statements herein contained that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1998 as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made based upon information available as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements involve risk and uncertainties and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include but are not limited to demand for the company's products and services, the company's ability to continue to develop its market, general economic conditions and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.