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| HONG KONG--(BUSINESS
WIRE)--Feb. 14, 2000-- Bonso Electronics International, Inc. (NASDAQ:BNSO) announced today
a new hand-held MP3 music player featuring solid-state technology, flash memory and the
ability to download through the internet and store high-fidelity music. Smaller than the portable CD players and smaller yet than the minidisk players - MP3 players have all the makings of becoming the portable digital audio devices of the Internet age. Forrest Research expects the digital download market to hit $1.1 billion by the year 2003 with unit sales of portable MP3 players reaching one million in 1999 and 32 million by 2003. Anthony So, Chairman and CEO of Bonso, stated: ``The Internet is changing the way music is sold and delivered to customers. The MP3 portable player offers significant benefits over existing portable compact disk players. With our new product offering, Bonso is well positioned to meet the needs of customers, as well as the many sales distribution mechanisms available to us.'' The 32MB version can hold up to 30 minutes of near-CD quality music. You can double that capacity by adding a 32MB flash memory cartridge or buy the 64MB version, which includes the cartridge. With no physical constraints of having to implement mechanical parts or bulky optical media, the MP3 player is miniaturized to fit in a shirt pocket. In a compact magnesium case the MP3 player also includes a voice recorder with up to 12 hours of dictation capacity. The MP3's interface is as simple as simple can be. The square LCD shows you everything you need to know at a glance. The control buttons follow the convention of CD players, so that the basic operations are intuitive to most users. The MP3 player lets you create a collection of your favorite songs. Just connect the MP3 player to your PC through the USB port and download. What could be easier? There are several sites from which you can purchase MP3 music. Portable MP3 players bring unprecedented freedom and portability to music lovers on the go. In a compact and elegant package, Bonso's MP3 digital audio device offers a tight integration to the Internet. One day we may never have to go to a music store. Bonso Electronics designs, develops, manufactures, assembles and markets a comprehensive line of electronic scales and weighing instruments, electronic consumer and health care products, as well as their new line of telecommunication and internet audio products. The company manufactures all of its products in the People's Republic of China. The Company's scales include bathroom, kitchen, office, jewelry, laboratory, pocket, postal, industrial, parcel and mechanical scales that are used for consumer, commercial and industrial applications. The company's electronic consumer and health care products include joysticks, thermometers, and blood pressure monitors. The Company's telecommunications products include cordless telephones and two-way radios. Headquartered in Hong Kong, Bonso Electronics markets its products to customers primarily in North America and Europe. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains certain forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the Company's ability to obtain all necessary components and raw materials for production, the uncertainty of demand for the Company's products, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
Contact: Bonso Electronics International Inc.
North America Company Contact:
George O'Leary, 949/760-9611 (Newport Beach, Calif.)
Fax: 949/760-9607
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