SOURCE: Jaguar Acquisition Corporation

September 27, 2007 08:00 ET

Jaguar Acquisition Corporation Announces Letter of Intent to Acquire China Cablecom Ltd.

Jaguar Intends to Enter the Rapidly Growing Cable TV Sector in China; China Cablecom Is an Emerging Consolidator of Cable TV Operating Companies Focused on China's Shandong Province; China Cablecom Raises $20 Million Bridge-Financing to Secure Acquisition

CONSHOHOCKEN, PA--(Marketwire - September 27, 2007) - Jaguar Acquisition Corporation (OTCBB: JGAC), a special purpose acquisition company ("Jaguar"), today announced a Letter of Intent ("LOI") to acquire all of the issued and outstanding shares of China Cablecom Ltd., a British Virgin Islands company, ("China Cablecom"), an emerging consolidated cable network operator in the highly populated Shandong Province in the People's Republic of China (PRC). To secure this proposed transaction, China Cablecom has raised $20 million of debt and equity bridge financing. Chardan Capital Markets acted as placement agent in the transaction.

The Company anticipates providing further details on this proposed transaction in the next two to three weeks.

Pursuant to the provisions of its certificate of incorporation, the Company now has until April 13, 2008 to complete its business combination, having satisfied the criteria for extension set forth in the certificate of incorporation. The Company anticipates signing a definitive agreement relating to its business combination within the next 30 days.

About China Cablecom

China Cablecom is an emerging consolidated cable TV network operator and service provider that will establish a strong foothold in northeast China's fast growing cable TV network market. China Cablecom improves the operation efficiency of its affiliate cable TV operators on an individual level by putting into place corporate governance structure and financial disciplines of international standards. China Cablecom's partnership and consolidation efforts enable municipal cable TV network operators to be restructured into new companies in which local management incentives are directly linked with clear financial performance targets.

About Jaguar Acquisition Corporation

Jaguar Acquisition Corporation is a special purpose acquisition company formed in June 2005 for the purpose of acquiring, through a merger, asset acquisition or other similar business combination, or controlling, through contractual arrangements, an operating business in the financial services, payment or other industry.

In April 2006, Jaguar Acquisition Corporation raised $28.3 million and its units began trading in April 2006. Its ordinary shares and warrants began trading separately on June 26, 2006. Per the terms of the stock purchase agreement, the management team has until October 13, 2007 to announce an LOI with a suitable acquisition target.

Jaguar Acquisition Corporation's principal offices are in Conshohocken, Pennsylvania.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 about Jaguar Acquisition Corporation and China Cablecom and their combined business after completion of the proposed acquisition. Forward-looking statements are statements that are not historical facts and may be identified by the use of forward-looking terminology, including the words "believes," "expects," "intends," "may," "will," "should" or comparable terminology. Such forward-looking statements are based upon the current beliefs and expectations of Jaguar Acquisition Corporation's and China Cablecom's management and are subject to risks and uncertainties which could cause actual results to differ from the forward-looking statements. The following factors, as well as other relevant risks detailed in Jaguar Acquisition Corporation's filings with the U.S. Securities and Exchange Commission could cause actual results to differ from those set forth in forward-looking statements: China Cablecom faces intense competition that may prevent it from maintaining or increasing market share for its existing services and gaining market acceptance for China Cablecom's new services.

Forward-looking statements are not guarantees of future performance and actual results of operations, financial condition and liquidity, and developments in the industry may differ materially from those made in or suggested by the forward-looking statements contained in this press release. These forward-looking statements are subject to numerous risks, uncertainties and assumptions. The forward-looking statements in this press release speak only as of the date of this press release and might not occur in light of these risks, uncertainties, and assumptions. Jaguar Acquisition Corporation undertakes no obligation and disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact Information

  • For further information, please contact:

    Company: Jaguar Acquisition Corporation

    Mr. Jonathan Kalman
    Chairman and CEO
    Tel: 610-585-0285
    Email: Email Contact

    Investor Relations: Hayden Communications International, Inc.

    Matthew Hayden
    Tel: 760-994-0034
    Email: Email Contact

    Alan Sheinwald
    Tel: 914-669-0222
    Email: Email Contact