S.W. Lam to Spend $7.7 Million to Launch Market Expansion in The People's Republic of China -PRC- and E-Commerce B2B Marketing Network.

Business Editors/Technology Writers

HONG KONG--(BUSINESS WIRE)--April 18, 2000

S.W. Lam Inc. (OTCBB:CHRM) expects a 20%-30% increase over last year's $8.2 million in net profits from its Honk Kong subsidiary, Hang Fung Gold Technology Limited. (S.W. Lam Inc. owns 53.15% of this subsidiary.)

Hong Kong-listed Hang Fung Gold Technology, (stock code:870) a subsidiary of S.W. Lam Inc. (OTCBB:CHRM) has teamed up with The Administration of Shataujiao Free Trade Zone of Shenzen to expand into the mainland PRC market as Beijing begins to liberalize the precious metals-trade industry. S.W. Lam (CHRM) will invest approx. $7.7 million this year to expand distribution channels and launch B2B E-commerce Network.

Through its alliance with The Administration of Shataujiao Free Trade Zone of Shenzen, S.W. Lam Inc. (CHRM) has gained approximately 1,000 wholesale customers and plans to open 30 retail centers across the major cities of the PRC by the end of this year.

The IDC (International Data Corporation) expects China to surpass Japan to become the World's second "most wired" country behind the United States. Bain & Co. reports that China's E-commerce market will grow to $380 million by 2003. Sales in China currently make up for more than 20% of revenue for S.W. Lam Inc. (CHRM).

Taking advantage of Internet growth in both China and the world, S.W. Lam. Inc. has secured SKYNET COMPANY LIMITED a subsidiary of Companion Dynamics Holdings Inc. to launch and distribute gold and jewelry products on a B2B E-commerce network website.

S.W. Lam Inc. has implemented an aggressive marketing plan to accomplish their goals. They will invest $2.6 million in the expansion of their Sha Tam Kok factory, and plan to open additional retail stores in Hong Kong this year.

This Company is much more impressive than its current trading value on OTCBB ($4.00-$6.00 per share) and with a plan to list on NASDAQ, CHRM makes for a solid short or long term investment.

Disclaimer:

This news release may include statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Please be cautioned that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors and other risk factors contained in the Company's 10-K filed with the Securities and Exchange Commission.