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BRIGHTON INFORMATION SYSTEMS ISSUES LETTER TO ITS SHAREHOLDERS

BRIGHTON INFORMATION SYSTEMS ISSUES LETTER TO ITS SHAREHOLDERS
    PARAMUS, N.J., Sept. 30 /PRNewswire/ -- The following shareholder letter was issued today by Brighton Information Systems Corp. (OTC Bulletin Board: BIFS, BISCV):
    Dear Shareholders:
    Over the last two years Brighton has expanded its business dramatically in its core geographical area, the Far East.  As most of you know, China (The Peoples Republic of China) has rapidly become a major source of business opportunities on an historic and unprecedented scale.  Today, Brighton is the leading independent systems integration company in China with more than 12 years of successful operating experience.
    Brighton has also expanded its activity in other areas of Asia, and the company now has subsidiaries in Hong Kong, Macau, Singapore and Australia, as well as China.
    At the board meeting on Sept. 11, 1992, the directors took several important steps to streamline Brighton's operations and to improve administration.
    First, the board decided to close Brighton's U.S. subsidiary, Amerinex Services Corp. (ASC).  Because of the cutback in federal and defense spending, ASC showed deteriorating financial results from its key contracts with the U.S. government.  As a consequence of this action, Brighton wrote down goodwill in the fiscal year 1991 in the amount of $1.7 million.  Although this action had a substantial negative impact on Brighton's earnings, by taking this step the possibility of future losses has been eliminated, and Brighton's management is now free to concentrate on key markets in Asia.
    As a second step, the board of directors has approved the appointment of Andreas O. Tobler, an experienced international lawyer and banker, as the company's corporate administrator.  In this position, his duties will include the timely preparation and filing of financial reports.  Once the long-overdue filings of the 1992 10-Qs are completed, future financial information should be available on a timely basis.
    As a third step, the board of directors has approved a reverse stock split of 16 old shares of common stock for one new share of common stock.  This will reduce the total outstanding common shares of Brighton from 68,060,846 to 4,253,802 shares.
    The above action has been taken for the following reasons:
     a) To bring the share price within a range which will enable Brighton to list its stock on NASDAQ or another U.S. stock exchange should all other requirements be met and approved by the board; and
     b) To bring the share price into a range which is attractive to institutional investors.  Approximately $1 billion in new funds have recently been raised for investment in China-linked companies, such as Brighton, and many other institutions have also expressed interest in Brighton as an ideal investment vehicle for participation in the China market.
    The above stock split became effective Sept. 17, 1992, for the subsequent 30 days, the pre-split shares will continue to trade under the symbol "BIFS" and the post-split shares under "BISCV."  After the 30 days all shares will trade under the symbol "BISC."
    On Sept. 23, 1992, Brighton signed a letter of intent with an international financial services group for an equity financing in excess of $1 million for the company.  The agreement will become formally effective as soon as Brighton's 10-Q filings are brought up-to-date, which is expected within the next two weeks.  Once completed, the cash will be used for working capital and selected acquisition opportunities primarily in China and Australia.
    To conclude, we feel that some difficulty steps are behind us, and Brighton is now much better positioned to take advantage of the explosive growth opportunities in China and the Pacific Rim.  Your company has the management, the experience, the contacts and with the latest administrative and financial changes, the other resources necessary to turn these exciting opportunities into revenues and profits for Brighton and its shareholders.
    Very truly yours,
    Kit Kung (signed)
    President and Chief Executive Officer
    -0-             09/30/92
    CONTACT:  David Glickman of Brighton Information Systems, 201-794-7474; or Jeff Dunster of Financial Telesis, 808-734-3480, for Brighton Information Systems
    (BIFS BISCV) CO:  BRIGHTON INFORMATION SYSTEMS ST:  NJ -- LA014 -- X466  09/30/92
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Date:Sep 30, 1992
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