Industries International Receives Government Land Grant for Expansion of Battery Production.

Business Editors

SHENZHEN, China & LOS ANGELES--(BUSINESS WIRE)--Feb. 11, 2004

Company Expects Doubling of Capacity with New Facility,

Needed to Meet Current Demand

Industries International, Inc. (INDI) (OTCBB:IDUL), a leading manufacturer and distributor of communications-related technology and lithium batteries in China, today announced that it has received nearly 14 acres of public land, through a government land grant, enabling the Company to move ahead with an expansion of its battery production in the face of rising customer demand. The Company noted that the new manufacturing facility is expected to be on line during the third quarter of 2004.

The land was granted to INDI's wholly owned subsidiary Li Sun Power, one of China's leading producers of lithium and lithium-ion batteries as well as an enterprise of China's State Torch Plan, an initiative that aims to promote the growth of the nation's most promising high-tech companies. The Company said it would immediately begin construction on a new facility to double production, thereby closing the gap between its current under-capacity and the market demand for its lithium and Li-Ion batteries.

Dr. Kit Tsui, Chairman and CEO of Industries International, commented, "We are very excited that the local government has granted us this land for our immediate expansion plan. Due to our technological superiority and an extremely successful growth strategy, sales at Li Sun Power rose to $9.2 million in 2002, nearly double the figure for 2001, and have continued to grow rapidly in 2003. Client orders have now risen to the point at which our existing facilities, including the newly launched Shenzhen plant, are at full capacity and still cannot keep up. This grant of land both recognizes the rapid acceptance of Li Sun products and, of course, gives the Company the means to stay on the fast growth track by meeting our customers' needs."

The Company currently produces 20 million lithium-ion batteries per year, which Dr. Tsui estimates is only 60% of current demand. Due to facility limitations, Dr. Tsui said, INDI has often had to pass on customer orders because of inability to fill them. Dr. Tsui concluded, "Our first-stage of construction is aimed at doubling our current output capacity, with a focus on enhancing our Lithium-ion battery production. At the same time, we will be preparing for other new products for which we see major market opportunities."

About Industries International

Industries International Incorporated is comprised of two wholly-owned subsidiaries. Its wholly-owned subsidiary, Broad Faith Limited, is engaged in the development, production and distribution of communications terminal products, mainly corded and cordless telephones which are sold under the trademark Wondial(TM) throughout China. Its other wholly-owned subsidiary, Li Sun Power International Limited, engages in the manufacturing of lithium and lithium-ion batteries and testing equipment for chemical composition and functioning of batteries. For further information, please visit the Company's website at www.industriesintl.com.

Safe Harbor Statement -- This press release contains forward-looking statements that involve risks, uncertainties and assumptions that, if they never materialize or if they prove incorrect, could cause the Company's results to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenue, or other financial items, any statements of the plans, strategies, and objectives of management for future operations, any statements concerning proposed new products, services or developments, any statements regarding future economic conditions or performance, statements of belief and any statements

of assumptions underlying any of the foregoing. These statements are based on expectations as of the date of this press release. Actual results may differ materially from those projected because of a number of risks and uncertainties, including those detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. The Company assumes no obligations and does not intend to update these forward-looking statements.