BNSOZ Bonso Electronics International (MM)

Bonso Electronics Announces Exercise of Warrants HONG KONG, March 22 /PRNewswire-FirstCall/ -- Bonso Electronics International, Inc today announced that 65,964 of its publicly traded common stock purchase warrants were exercised to purchase 32,982shares of Bonso's common stock at $8.25 per share. The unexercised publicly traded common stock purchase warrants expired on February 13, 2004. Two warrants were exercisable to purchase one share of Bonso's common stock. As a result of the exercise of the warrants, Bonso received proceeds of $272,101.50, and the number of outstanding shares increased to 5,708,365. About Bonso Electronics Headquartered in Hong Kong, Bonso Electronics designs, develops, manufactures, assembles and markets a comprehensive line of telecommunications products, electronic scales and weighing instruments. Bonso products are manufactured in the People's Republic of China with customers primarily located in North America and Europe. Company services include product design and prototyping, production tooling, procurement of components, total quality management, and just-in-time delivery. For further information, visit the company's website at http://www.bonso.com/ . The statements contained in this press release which are not historical fact are forward looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, seasonality of sales of certain products, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, currency fluctuations, estimates of market growth, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission. For more information, please contact In US - George O'Leary Tel: +1-949-760-9611 Fax: +1-949-760-9607 In Hong Kong - Cathy Pang Tel: +852-2605-5822 Fax: +852-2691-1724 DATASOURCE: Bonso Electronics International, Inc CONTACT: In USA, George O'Leary, +1-949-760-9611, or fax, +1-949-760-9607, or in Hong Kong, Cathy Pang, +852-2605-5822, or fax, +852-2691-1724, both of Bonso ElectronicsInternational Inc. Web site: http://www.bonso.com/

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