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DATA BROADCASTING IN JOINT VENTURE WITH THE PEOPLE'S REPUBLIC OF CHINA TO PROVIDE BROADCASTING AND INFORMATION TECHNOLOGY

 NEW YORK, June 9 /PRNewswire/ -- Data Broadcasting Corporation (NASDAQ: DBCC) announced that it has signed a Memorandum of Understanding with The State Information Center (SIC) of The People's Republic of China to commence a joint venture in the areas of data broadcasting and information technology, interactive broadcasting, cable television and associated technical and business areas. The SIC is the principal government agency responsible for information technology in China, including the development of major econometric databases for the Chinese government and Chinese business agencies. Definitive terms and conditions of the joint venture will be announced when completed.
 DBC will provide through the joint venture certain hardware and software of its current product line to accommodate conditions required in China. DBC will provide its existing data feeds and database to the joint venture and the SIC will provide its data feeds and database to DBC for commercial and research use in North America. DBC will provide technological assistance through the joint venture in creating a nationwide data transmission network in China using its information broadcast technology through the FM radio carrier side-band and the television signal Vertical Blanking Interval either from cable carried or over-the-air-signal.
 Messrs. Allan Tessler and Alan Hirschfield, co-chief executives of DBC, said: "We are both pleased about the prospective joint venture as reflected in the Memorandum of Understanding between DBC and the SIC. On our recent trip to China, we were cordially treated by our hosts and were impressed by their technological capabilities. The SIC is very involved in the dynamic growth in China since it is directly responsible to The State Planning Commission, the agency primarily responsible for economic growth and planning in China.
 "We believe our understanding with the SIC will establish the foundation for DBC's future business presence in China as that country continues its rapid growth. We expect shortly to formalize the joint venture and to send an engineering and software development team to Beijing," added Tessler and Hirschfield.
 Data Broadcasting Corporation is a leading provider of stock market quote services and other specialized market data vital to more than 20,000 clients worldwide. Data Broadcasting's main product lines include QuoTrek and Signal (used primarily by individual investors) and Shark (used by securities industry professionals).
 -0- 6/9/93
 /CONTACT: Amber Gordon of Data Broadcasting Corporation, 703-359-6236/
 (DBCC)


CO: Data Broadcasting Corporation ST: New York IN: CPR SU: JVN

TW-MH -- DC006 -- 0050 06/09/93 09:43 EST
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Date:Jun 9, 1993
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