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Press Release

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24th February 2000, Hong Kong, China

Belair Announces Closing of Subsidiary Projects

Belair Enterprises Inc., (OTCBB:BLAI - news), is pleased to announce that Bickmore Holdings Inc. has completed the acquisition of 60% equity in the Zhanjiang Casonic Electronic Industry Limited.

Belair has negotiated an installment payment package with the Chinese party for the acquisition of the 60% of the Zhanjiang Casonic factory. The first installment payment was made in early February.

With the acquisition of these factories, Bickmore will source new technologically advanced telephone products for production at the factories. We are engaged in negotiations with a Korean technology company to purchase the DECT phone technology for the Chinese market.

Zhanjiang Casonic was established in 1985 to manufacture telephones for the China market. Over the past 15 years, it has produced 10 million phones for the Chinese consumer market, which represents 10% of the overall home telephones sold over the same period.

Belair is also pleased to announce the closing of Guangzhou South China Telecommunications Investment Co. (GSCT). Through Belair's wholly owned subsidiary Tampa Bay Investments Limited, Belair has acquired the first 15% of GSCT with an initial payment of cash and shares. Belair has the rights to acquire up to 49% of GSCT within one year from the first payment date.

Guangzhou South China Telecommunications Investment Co. is one of the 15 shareholders of China United Telecommunications Corporation Limited, commonly known as ``China Unicom''. GSCT has a strong foothold in the chinese telecommunications market and has the expertise to operate and expand further into the telecommunications businesses such as CDMA cellular manufacturing and operation, internet telephony and cable television networks as well as Web television projects.

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1996. Forward-looking statements concerning plans, objectives, goals, strategies, future events of performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including but not limited to products and services demand and acceptance, changes in technology and in economic, political and regulatory conditions and to all of the risks generally associated with a company at Belair's stage of development. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

Further Information

Jack Augsback & Associates Inc., Boca Raton, Fla.
Jack Augsback
Tel	1 561 689 1611

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