China YouTV Corp.
OTC Bulletin Board : CYTV

March 21, 2007 09:02 ET

China YouTV Appoints New Director

BEIJING, CHINA--(CCNMatthews - March 21, 2007) - China YouTV Corporation (OTCBB:CYTV), a publicly traded company that recently entered into the growing online video viewing market in China, announced that it has appointed a new Director: Mr. James Wei.

Mr. Wei has over 11 years of work experience in the Internet industry. He is the CEO and chairman of the board of directors of the Company's Joint Venture partner: HuaJu NetMedia. Before that, Mr. Wei served as Vice President for one of the first Internet Service Providers in China. He also served as Vice President for an Internet Company that specialized in web hosting and domain name registration and helped it to become the second largest company in China in its field. Mr. Wei has a bachelor degree in Computer Science. Mr. Wei is expected to contribute to the industry knowledge of the Board in terms of operational management, strategic growth and future acquisitions.

"I am honored to accept this appointment," said Mr. Wei. "I am confident that my past experience in China and in the Internet industry will help the Company achieve its goal in becoming a leading online video company in China, just like YouTube in the world."

About China YouTV Corporation:

The Company has signed a Definitive Agreement with HuaJu NetMedia to set up a Joint Venture in China on March 16, 2007. The Company has changed its name to China YouTV to reflect its new business operations: the fast growing video sharing web site market in China, and at the same time, to continue its exploration of mineral properties in British Columbia, Canada.

Forward-looking statements

This report contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this report are forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors; developments of the Chinese and North American markets and changes in regulatory matters; our business strategies and future plans of operations; the market acceptance and amount of sales of our products and services; our historical losses; the competitive environment within the industries in which we compete; and our ability to raise additional capital, currently needed for expansion.

The Company cautions that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements due to several important factors.

Contact Information

  • China YouTV Corporation
    Gao, ZhenYong
    (604) 601-8274