Exhibit 99.2


FOR IMMEDIATE RELEASE


CONTACT: 
Jeff Gull (732) 885-1750


                  LOTUS PACIFIC INC. ACQUIRES ARESCOM INC.  


PISCATAWAY, New Jersey -- March 16, 1999 -- Lotus Pacific Inc. (OTC: LPFC) has
signed an agreement with Arescom Inc. ("Arescom"), a Fremont, California,
corporation, whereby Lotus Pacific will issue $30 million worth of restricted
shares to acquire an 81% equity interest in Arescom.  The shares so issued by
Lotus Pacific may not be sold until Arescom's annual gross revenue exceeds $15
million with a before-tax annual net profit of not less than $3 million. Lotus
Pacific also agreed to provide Arescom with $10 million in cash as working
capital. 

Arescom designs, manufactures and markets a complete line of high quality
inter-networking router equipment for PSTN, ISDN, xDSL and Ethernet
environments. Arescom provides users a broad range of remote access products
that offer an unprecedented level of technical features integrating voice
and data along with Intelligent GUI and 100% remote management tools for easy
set-up and network management. Arescom's customers include ISPs, re-sellers,
and system integrators in North America. Arescom's worldwide partners include
Telecom Device in Japan, NST in China, EuroBizz in Germany, Viking Telecom in
Sweden, Exer Datacom in France, Dakel Information in Spain, PcExpress in Italy,
etc.

Arescom has established worldwide partners and channels to develop and market
proven router products for vertical and mass communication markets. Its current
and future products include:

  * Remote Manager - configuration, diagnostics and management of Arescom 
    routers from anywhere in the world
  * NetCruz - Japan ISDN BRI HUB/PBX router
  * NetLinker - router HUB - Ethernet HUB/ISDN/DSU/POTS
  * Apex 1100 - router, Ethernet/ISDN/POTS, US, Korea specifications
  * Apex 1000 - high speed leased line router, Frame Relay
  * Flash 200 - ISDN internal TA with POTS, US, Korea specifications
  * XDSL Router - supports ADSL, IDSL, SDSL, and G.Lite WAN interfaces
  * ADSL DSLAM - High-speed ADSL concentrator capable of delivering data,
    voice, and video concurrently in campus environment.

"Teaming up with Lotus Pacific is our first step to leverage our technical
advantages in the Internet service industry," commented Max Lu, President of
Arescom. "We think it's a win-win cooperation for both Arescom and Lotus
Pacific. With the WonderTV A9000 set-top box from Regent Electronics Corp.
(a subsidiary of Lotus Pacific), we are progressively entering the hotel
service market providing hotel guests with fast, reliable and easy-to-use
Internet access. Our router technology will also improve the online financial
trading systems of US Securities & Futures Corp. and Professional Market
Brokerage (two financial firms recently acquired by Lotus Pacific)."

"We are excited to have Arescom join the Lotus family," stated Jeremy Wang,
vice president of Lotus Pacific. "It is of vital importance for Lotus Pacific
to have the best Internet router technology integrated into our set-top box
and online trading system. We are thrilled about the addition of Arescom and
believe this acquisition will realize Lotus Pacific's Internet-WallStreet
Solutions(TRADEMARK) concept by capitalizing on Arescom's supreme products
and R&D capability."     


ABOUT LOTUS PACIFIC, INC.

Lotus Pacific Inc. is an Internet technology and services company focused on
developing and marketing Internet-related products and services in the U.S.
and international markets with an emphasis on financial services. Through its
subsidiaries, Regent Electronics Corporation, Arescom, TurboNet Communications,
US Securities & Futures Corp. and Professional Market Brokerage, Lotus Pacific
offers unique Internet-related products like the TeleWeb system, WonderTV
(TRADEMARK) set-top box, Internet routers, cable modems, and online financial
trading system. Through realizing its Internet-WallStreet Solutions(TRADEMARK)
concept, Lotus Pacific provides new Internet solutions, services, and
opportunities for its customers and shareholders. 

For more information about Lotus Pacific see the company's web site
at www.lpfc.com. 

For more information about Arescom see the company's web site at
www.arescom.com

Please note: Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for forward-looking statements. Certain information included in this
news release (as well as information in oral statements or other written
statements made or to be made by Lotus Pacific, Inc.) contain statements that
are forward-looking, such as statements relating to the future anticipated
direction of the futures and securities industry, plans for future expansion,
various business development activities, planned capital expenditures,
anticipated sales, potential contracts, dependence on existing management,
domestic and global economic conditions, changes in federal or state laws, and
market competition factors. Such forward-looking information involves important
risks and uncertainties that could significantly affect anticipated results in
the future, and accordingly, such results may differ from those expressed in
any forward-looking statements made by or on behalf of Lotus Pacific, Inc.