Corporate Profile for Tech Electro Industries, Incorporated, dated November 26, 1999.

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Published Date:   November 26, 1999

Company Name:     Tech Electro Industries, Incorporated

Address:          477 Madison Avenue, 24th Floor
                  New York, NY 10022

Main Telephone
 Number:          212/583-0900

Internet URL:     www.teleusa.com

Chief Executive
 Officer:         William Tan

Chief Financial
 Officer:         Julie Sansom Reese

Investor
 Relations
 Contact:         Investor Relations Department

IR Telephone
 Number:          212/583-0900

IR E-mail:        [e-mail]

PR E-mail:        [e-mail]

Industry:         Holding Company Specializing in Information
                  Technology and Internet Related Acquisitions

Public Company:   yes

Exchange and
 symbol:          OTC BB:  TELE

Market Makers:    Herzog, Heine, Geduld, Inc., M.H. Meyerson & Co., Inc.,
                  Wien Securities Corp., Access Securities, Inc., Barron
                  Chase Securities, Inc., Knight Securities, Paragon
                  Capital Corp., Hill, Thompson, Magid & Co., Inc., and
                  Sharpe Capital, Inc.

Company description: All filings containing every aspect of the Company's finances are on edgar, www.sec.gov

1998 Financial Summary

Revenues: $24,913,031 Cost of Revenues: 17,588,858 Gross Profit: $7,324,173 Operating Expenses: $11,815,134 Loss From Operations: ($4,490,961) Other Income (Expenses): ($514,152) Minority Interest Share of Loss of Subsidiary: $29,202 Income Tax Expenses: ------ Net Loss: ($4,975,911) Net Loss Attributable to Common Shareholders:($5,058,245) Basic and Diluted Net Loss Per Share Attributable to

Common Shareholders: ($1.26) Number of Weighted Average Shares of Common Stock Outstanding

(Basic and Diluted): 4,012,377

Three Months Ended September 30, 1999

Revenues: $4,278,886 Cost of Revenues: $3,463,920 Gross Profit: $814,966 Operating Expenses: $1,046,105 Loss From Operations: ($231,139) Total Other Income (Expense): $3,641 Minority Share of Subsidiary Loss: ----- Loss Before Taxes: ($227,498) Income Tax Expense: ------ Net Loss: ($227,498) Loss Attributable to Common Shareholders: ($238,351) Basic and Diluted Net Loss Per Share Attributable to

Common Shareholders: ($0.04) Number of Weighted Shares of Common Stock Outstanding

(Basic and Diluted): 5,414,026

Nine Months Ended September 30, 1999

Revenues: $12,052,017 Cost of Revenues: $9,681,974 Gross Profit: $2,370,043 Operating Expenses: $4,210,899 Loss From Operations: $(1,840,856) Total Other Income (Expense): ($107,248) Minority Share of Subsidiary Loss: ----- Loss Before Taxes: ($1,948,104) Income Tax Expense: ------- Net Loss: ($1,948,104) Loss Attributable to Common Stockholders: ($1,987,523) Basic and Diluted Net Loss Per Share Attributable to

Common Stockholders: ($0.39) Number of Weighted Average Shares of Common Stock Outstanding

(Basic and Diluted): 5,050,140

Corporate Overview:

As a holding company, Tech Electro's goal is to increase shareholder value through strategic acquisitions and new ventures, specifically focused on the information technology and internet related sectors. Presently, Tech Electro has two wholly owned subsidiaries, Computer Components Corporation ("CCC") and AlphaNet Hospitality Systems, Inc. ("AHS").

For over 25 years, CCC has been a stocking importer and distributor of passive and active electronic components, sound sources and AC transformers. Additionally, CCC, through its Universal Battery Corporation ("UBC") division, focuses on the importation, distribution, marketing and custom assembly of batteries and battery related products. UBC and its distribution partners (which exceed 200) throughout North America have the ability to "deliver on demand or JIT", maintain, service or dispose of any type of battery. UBC through its office in Hong Kong has strategic alliances and partnerships with battery and charger manufacturers and sourcing agents of various products throughout Asia. UBC is one of the only distributors in the world who stocks the entire line of Panasonic battery products, from OEM/Industrial which ranges from sealed lead acid and lithium to consumer type or "carded" batteries of every chemistry.

AHS, founded in 1992, is the leading supplier of business and communications solutions to the hospitality industry. Among AlphaNet's offerings are: InnFax(R), the private in-room facsimile service; InnConnect(TM), the company's new high-speed Internet access product for hotel guest and meeting rooms; InnPhone(R), an advanced two-line cordless telephone developed exclusively for hotels; and The Office(TM), a 24-hour unattended "self-serve" hotel business center. AHS's products can be found in hundreds of hotels around the world serving tens of thousands of guest rooms.