Exhibit 99

     Industries International Inc. and Its Wholly-Owned Subsidiary Broad Faith
   Limited Expect 2002 Audited Financial Results to Show Significant Growth Over
                                      2001


Shenzhen,  China  -- Mar 21, 2003 -- Industries International Inc. (OTCBB: INDI)
and  its  wholly-owned  subsidiary  Broad  Faith  Limited recorded net income of
approximately  U.S.  $2.9  million for fiscal year 2002, an increase of 45% over
that  of  2001.  INDI acquired all of the outstanding shares of Broad Faith in a
share exchange transaction on February 10, 2003 and expects to file the required
audited  financial statements of Broad Faith within the period prescribed by the
U.S.  Securities  and  Exchange  Commission  ("SEC").

Mr. Weijiang Yu, President of INDI, said, "Sales in the second half of 2002 were
extremely  satisfactory and we believe our 2002 revenues were approximately U.S.
$33  million  and  our  2001  revenues  were  approximately  U.S.  $30  million.
Furthermore,  we believe our 2002 net income after tax and minority interests to
be  approximately  U.S.  $2.9  million  and  our  2001  net income after tax and
minority interests to be approximately U.S. $1.98 million.  The improved results
in  2002  come  from  our  efforts  in  expanding  our  market  share  with  our
well-established  WONDIAL  brand  name  and  our  continuous launch of different
series  of  products  to  meet  our  customers'  needs".

ABOUT  INDI

INDI's  wholly-owned  subsidiary  Broad  Faith  Limited is a leading China-based
company  engaged  in,  through  its  subsidiaries,  the  research,  development,
production and distribution throughout China of communications terminal products
such  as  corded  and cordless telephones and their core components like printed
circuit  boards (PCB) and design and radio frequency modules.  The Company ranks
among the top 3 companies in the Chinese cordless telephone market and possesses
the  well-established  brand  name "WONDIAL".  INDI, through Broad Faith and its
subsidiaries, distributes its products through a network of over 5,100 points of
sale  in  more  than  200  cities  and  28  provinces  in  China.

Safe  Harbor  Statement:  These  statements  are  based  on assumptions that the
management  of  Industries  International  Inc. believes are reasonable based on
currently  available  information,  and include statements regarding the intent,
belief  or  current  expectations  of  Industries  International  Inc.  and  its
management.  Prospective  investors  are cautioned that any such forward-looking
statements  are  not guarantees of future performance, and are subject to a wide
range of business risks, external factors and uncertainties.  Actual results may
differ  materially  from  such  forward-looking  statements.  Industries
International  Inc.  does  not  undertake  to  publicly  update  or  revise  its
forward-looking  statements  even  if experience or future changes make it clear
that  any  projected  results  (express  or  implied)  will  not  be  realized.

Source:     Industries  International  Inc.

Contact:    Mr.  Sonny  Hung
            Stanford  Capital  International  Limited
            Tel:  (852)  2598  0281
            Email:  sonny@stock-update.com
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