SOURCE: China Broadband Inc.

May 16, 2007 09:48 ET

China Broadband, Inc. Receives Name Change and New Trading Symbol -- "CBBD" -- From Nasdaq; Change in Effect at Open of Business May 16, 2007

BOULDER, CO -- (MARKET WIRE) -- May 16, 2007 -- China Broadband, Inc. (PINKSHEETS: CBBD) formerly (PINKSHEETS: APNA), positioned to become a leading cable broadband operator in China's massive market, announced today it has received an official name change and new trading symbol -- "CBBD" -- from the Nasdaq Stock Market Inc. This corporate action is in effect from the open of business on May 16, 2007.

China Broadband (CB) became public in the United States in January 2007 through a reverse merger with a public shell company Alpha Nutra and continued to trade under the Alpha Nutra name and symbol until the Nasdaq issued the new name and symbol announced today.

Clive Ng, Chairman of China Broadband, said, "We are extremely pleased to have our new trading symbol and the confirmation of our Company's name. This completes our entry to the American public markets. With the help of our new Investor Relations firm, Consulting For Strategic Growth 1, we will actively introduce ourselves to American investors who understand the opportunities presented by cable broadband in China. Our goal is to be one of China's leading cable and cable broadband operators by 2009. The symbol of CBBD, which reflects our Company's name, will make us more visible on the OTC market and enable our stockholders and future investors to follow the growth of our business and our shareholder value."

Last month, China Broadband issued a new two-page Investor Fact Sheet succinctly outlining the Company's business strategy. CB is focusing first on the coastal province of Shandong, China's 2nd largest regional economy. By leveraging its flagship operation -- Jinan Jia He Broadband, the 5th largest cable broadband operator in China and the 2nd largest broadband provider in Shandong's capital city of Jinan -- China Broadband plans to take advantage of the government's mandate to convert analog TV to digital TV in all major cities by 2008 and throughout the nation by 2015.

To view and download the China Broadband Investor Fact Sheet, please visit www.chinabroadband.tv and www.cfsg1.com.

About China Broadband

China Broadband (CB) is a vibrant new player in China's burgeoning cable broadband market. The Company's flagship operator is Jinan Jia He Broadband, the fifth largest broadband operator in China and the second largest broadband service provider in Shandong's capital city of Jinan. A spin-off of Jinan Jia He Digital TV Co. Ltd., Jinan Jia He Broadband has a close equity bond with Jinan Cable Network, the cable monopoly in Jinan with 1.3 million cable TV subscribers.

While China has the world's largest cable TV system and is expected to become the world's largest Internet market within the year, the cable broadband market, providing a single service for TV and Internet use, has only begun to grow. China Broadband plans to acquire local cable TV operators and bundle them with its cable broadband capacity to leverage the government-mandated digital TV roll-outs and capture market leadership in Shandong.

Disclosure

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Investors are cautioned that statements in this press release, which are not strictly historical statements, including, without limitation, statements by management, statements concerning internal operations, marketing, management's plans, objectives and strategies, and management's assessment of market factors and conditions, constitute forward-looking statements. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by the forward-looking statements, including, without limitations, the volatility of domestic and international financial, bond and stock markets, intense competition, extensive governmental regulation, litigation, substantial fluctuations in the volume and price level of securities and other risks as detailed in the Company's filings with the Securities and Exchange Commission.

Consulting For Strategic Growth1, Ltd. ("CFSG1") provides China Broadband, Inc. ("the Company") with consulting, business advisory, investor relations, public relations and corporate development services, for which CFSG1 receives a fixed monthly fee for the duration of the agreement. Independent of CFSG1's receipt of cash or other compensation from the Company, CFSG1 may choose to purchase the common stock of the Company and thereafter sell those shares at any time it deems appropriate to do so. For more information, please visit www.cfsg1.com.

Contact Information

  • CONTACTS:
    Stanley Wunderlich
    CEO
    Consulting For Strategic Growth I
    Tel: 1-800-625-2236
    Fax: 1-212-337-8089
    Email Contact
    www.cfsg1.com

    Daniel Stepanek
    EVP, Media
    CFSG1
    Tel: 212-896-1202
    Fax: 212-697-0910
    Email Contact