Asian Star
Development, Inc. , through its wholly owned
subsidiary, Asian Star Technology Development Limited (ASTD),
announced the launch of its marketing program for the highly coveted
China Space Souvenir Products. The unique Products are now available
through its web site : and in over
sixty (60) jewelry and book stores in Hong Kong. Currently, the web
site is only in the Chinese language, with the English version
expected within approximately 2 weeks. Our Joint Venture partners in
this project are the Chinese Academy of Space Technology (CAST) and
the China Space Foundation South Agency (CSF).

The merchandise includes authentic, limited edition articles
carried in the cabin of the first Chinese Space Ship during its maiden
voyage into space orbit in late 1999. The articles are accompanied by
Certificates of Authenticity from the Chinese Government. The
projected sale revenues from the Products are approximately US$8

Stephen Chow, President of ASTV stated: “We are most honored to be
selected as exclusive Joint Venture partners with CAST and CSF. This
merchandising Joint Venture is just the beginning of what we
anticipate will be a long-term working relationship between ASTV and
the two Chinese Space Organizations.”

To receive further corporate information, contact :

    Investor Relations: 1-415-566-2503
    or visit

Hong Kong : Stephen Chow, President,

Asian Star Development, Inc.

011-852-2721-0936 or e-mail

The above statements in regard to Asian Star Development, Inc.
which are not purely historical are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995,
including Asian Star Development, Inc.’s beliefs, expectations, hopes
or intentions regarding the future. All forward-looking statements are
made as of the date hereof and are based on information available to
the parties as of such date. It is important to note that actual
outcome and the actual results could differ materially from those in
such forward-looking statements. Factors that could cause actual
results to differ materially include risks and uncertainties such as
technological, legislative, corporate and marketplace changes.


Asian Star Development, Inc.
Investor Relations, 415/566-2503


Stephen Chow, President, 011-852-2721-0936