Applied Spectrum Technologies, Inc. Announces Name Change And New Ticker Symbol

HUBEI PROVINCE, CHINA -- (MARKET WIRE) -- February 09, 2007 -- Applied Spectrum Technologies, Inc. (OTCBB: APSP), a China-based pharmaceutical company engaged in the development, manufacturing and distribution of medicines, active pharmaceutical ingredients and pharmaceutical intermediaries, announced today that pursuant to a Certificate of Amendment to the Company's Certificate of Incorporation, as filed with the Delaware Secretary of State on January 29, 2007, the name of the Company has been changed to Benda Pharmaceutical, Inc. (hereafter "Benda" or the "Company").