Exhibit 99

               INDUSTRIES INTERNATIONAL, INCORPORATED'S SUBSIDIARY
               REPORTS FINANCIAL RESULTS FOR THE 2002 FISCAL YEAR

Shenzhen, China -April 24, 2003--Industries International, Incorporated (OTC BB:
INDI) today announced that its wholly-owned subsidiary, Broad Faith Limited,
reported audited net income after tax and minority interest of US $2.48 million
on operating revenue of US $35.85 million for the fiscal year ended December 31,
2002. INDI acquired all of the outstanding shares of Broad Faith Limited in a
share exchange transaction on February 10, 2003, thereby becoming one of the
leading manufacturers of communications terminal products in China.

"Broad Faith's net income of US $2.48 million for fiscal 2002 represents a 16%
increase from that of US $2.13 million for fiscal 2001, while total operating
revenue for fiscal 2002 was up 7% to US $35.85 million from US $33.51 million
for fiscal 2001. Broad Faith has experienced very steady growth in the past and
we expect such growth to continue." Mr. Weijiang Yu, President of INDI, said.

                                   ABOUT INDI
INDI, through its wholly-owned subsidiary, Broad Faith Limited, is engaged in
the development, production and distribution throughout China of communications
terminal products, mainly corded and cordless telephones which are sold under
the trademark, Wondial(TM).

SAFE HARBOR STATEMENT -This press release contains forward-looking statements
that involve risks, uncertainties and assumptions that, if they never
materialize or if they prove incorrect, could cause INDI's results to differ
materially from those expressed or implied by such forward-looking statements.
All statements other than statements of historical fact are statements that
could be deemed forward-looking statements, including any projections of
earnings, revenue, or other financial items, any statements of the plans,
strategies, and objectives of management for future operations, any statements
concerning proposed new products, services or developments, any statements
regarding future economic conditions or performance, statements of belief and
any statements of assumptions underlying any of the foregoing. These statements
are based on expectations as of the date of this press release. Actual results
may differ materially from those projected because of a number of risks and
uncertainties, including those detailed from time to time in INDI's reports
filed with the Securities and Exchange Commission. INDI assumes no obligations
and does not intend to update these forward-looking statements.

Source:         Industries International, Incorporated

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

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