SOURCE: China Cablecom Holdings

China Cablecom Holdings

August 17, 2011 17:35 ET

China Cablecom Announces Board Changes and the Appointment of David Kratochvil to Its Board of Directors and Audit Committee

SHANGHAI--(Marketwire - Aug 17, 2011) - China Cablecom Holdings, Ltd. ("China Cablecom" or the "Company") (OTCBB: CABLF), a joint-venture provider of cable television services in the People's Republic of China (PRC), today announced the appointment of David Kratochvil to its Board of Directors and Audit Committee. Mr. Kratochvil, who is Managing Director of Euro Pacific Capital will be joining the board as an independent director.

David Kratochvil has over twenty years of investment experience ranging from developed and emerging market equity, fixed income, and currency investing to commodity and venture capital investing. Prior to joining Euro Pacific Capital, Mr. Kratochvil ran his own advisory firm where he provided investment banking services and consulted on various investment projects. Previously he was an international portfolio manager at Omega Advisors where he invested in international equities, emerging market debt, currencies, and commodities. Prior to joining Omega, he was a Director at Merrill Lynch Asset Management in London where he was responsible for emerging market investing. Mr. Kratochvil has also worked as an equity analyst covering basic materials and industrial stocks, as a venture capitalist in Eastern Europe, and as a tax consultant advising on numerous M&A, real estate, and oil and gas transactions.

Mr. Kratochvil holds an MBA in finance and international business from the University of Chicago's Booth Graduate School of Business and a B.S. in Economics from The Wharton School at the University of Pennsylvania.

Simultaneous to the appointment, the Company also announced the resignations of Mr. Richard Eu, Mr. Shan Li, and Mr. Emmanuel Olympitis.

About China Cablecom

China Cablecom is a joint-venture provider of cable television services in the People's Republic of China, operating in partnership with a local state-owned enterprise ("SOE") authorized by the PRC government to control the distribution of cable TV services through the deployment of analog and digital cable services. China Cablecom has consummated the acquisition of a 55 percent economic interest in a cable network in Hubei province with paying subscribers exceeding 1,100,000. The Company originally acquired operating rights of the Binzhou Broadcasting network in Binzhou, Shandong Province in September 2007 by entering into a series of asset purchase and services agreements with a company organized by SOEs, owned directly or indirectly by local branches of State Administration of Radio, Film and Television in five different municipalities to serve as a holding company of the relevant businesses. China Cablecom now operates 28 cable networks with over 1.67 million paying subscribers. China Cablecom's strategy is to replicate the acquisitions by operating partnership models in other municipalities and provinces in the PRC and then introducing operating efficiencies and increasing service offerings in the networks in which it operates.

Safe Harbor Statement

The matters discussed in this press release contain "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this presentation and in the Company's other written and oral reports are based on current Company expectations and are subject to numerous risks, uncertainties and assumptions, Any forward-looking statements are not guarantees of future performance and actual results of operations, financial condition and liquidity.. The forward-looking statements herein speak only as of the date stated herein and might not occur or the actual results may differ materially in light of these risks, uncertainties, and assumptions. The Company 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. You should carefully consider these factors, as well as the additional risk factors outlined in the filings that the Company makes with the U.S. Securities and Exchange Commission, including the Annual Report on Form 20-F filed on July 28, 2011.

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