Chindex Press Room

U.S.- CHINA INDUSTRIAL EXCHANGE, INC.
ESTABLISHES HONG KONG SUBSIDIARY

Internal Task Force To Identify Growth Opportunities

BETHESDA, MARYLAND - MAY 1, 1996 - U.S. CHINA INDUSTRIAL EXCHANGE, INC. (NASDAQ:CHDX), a leading American company in market representation, sales and consulting services for Western business in China since 1981, today announced the establishment of a wholly-owned Hong Kong subsidiary, Chindex Hong Kong Limited. The Hong Kong subsidiary will initially assume exclusive distribution for the products of the Acuson Corporation (NYSE:ACN), a manufacturer of high-end color doppler ultrasound scanners. U.S.- China Industrial Exchange has represented Acuson in mainland China since 1988.

The Company also announced the establishment of an internal task force to identify growth opportunities and timetables for expansion into other emerging Asian markets.

"Hong Kong represents a multi-million dollar market for our clients’ products, and for Acuson’s ultrasound scanners in particular," Roberta Lipson, President and CEO stated from Beijing. " We are the market leader in China in the high end ultrasound market and we expect to carry this success into Hong Kong. We will use this as a starting point for our operations in the region, and are already looking at several other areas that demonstrate significant market potential in medical instrumentation and other product sectors."

Stephen Feinberg, Vice President of International Sales for Acuson Corporation commented on the development: "U.S. -China Industrial Exchange was our Distributor of the Year in 1995 and has had an excellent reputation due to their dedication to market development and customer support. The Company has a track record of long term success with Acuson in China and was our number one choice for representation in Hong Kong."

Ms Lipson added: "In order to meet, and more importantly, manage our growth objectives, we have established an internal task force. Our plan is to leverage our capabilities to aggressively identify additional growth opportunities in other emerging Asian markets. The strategy is to grow operations through opportunities that will afford the necessary return on investment. Hong Kong represents the first market identified in this growth strategy."

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U.S.-China Industrial Exchange, Inc. (Chindex) provides market representation, sales and consulting services in China to a number of multi-national and Fortune 500 companies including Volvo Construction Machinery, Clark Equipment, Acuson, Johnson & Johnson and Polaroid. With over fifteen years experience, 125 employees, and operations in both the United States and China, Chindex strategy is to expand its cross-cultural reach by providing leading edge technologies, quality products and services to China’s growing professional communities as well as identifying future ventures in other emerging Asian markets. Chindex is listed on NASDAQ under the ticker symbol CHDX.