China YouTV Corporation
OTC Bulletin Board : CYTV

August 17, 2007 11:25 ET

China YouTV's CnBoo Web Site Ranks No.1 on Google.com

BEIJING, CHINA--(Marketwire - Aug. 17, 2007) - China YouTV Corp. (OTCBB:CYTV), a publicly traded company that provides online video sharing services through its CnBoo web site in China, reported that CnBoo.com is currently ranked No.1 among all online video companies in China based on the world wide leading Internet search engine Google.com.

Google is a top web searching engine in all major global markets, offering targeted search results from more than 8 billion web pages. Today, Google.com has become the World's top one searching engine which offers search results in more than 35 languages and attracts an audience of more than 380 million people worldwide.

When a Chinese netizen types keywords such as "Wang Luo Shi Pin" (which means: online video), "Shi Pin Wang Zhan" (which means: Vcast website), or "BoKe Wang" (which means: Podcasting website) on Google.com's Chinese version, the search result presents CnBoo.com is ranked No.1, No.3 and No.5 respectively on the first page of Google.com. The following links show the detailed information:

http://www.google.com/search?q=%E7%BD%91%E7%BB%9C%E8%A7%86%E9%A2%91&hl=zh-CN

http://www.google.com/search?q=%E8%A7%86%E9%A2%91%E7%BD%91%E7%AB%99&hl=zh-CN

http://www.google.com/search?q=%E6%92%AD%E5%AE%A2%E7%BD%91&hl=zh-CN

Coming on the heels of ranking No.1 on Microsoft Live Search Engine and No.7 on BaiDu (China's largest search engine), CnBoo is very proud to see its website now placing top position on all major searching engine websites in China.

According to the recent survey from IResearch, the audiences of online video website reach 86.72 million and account for 85.7% of total netizens in China by June 2007. Meanwhile, approximately 300 online video companies are sharing US$80 million market nowadays. Moreover, it predicts that the users of online sharing service will be 180 million with the market size of US$485 million by 2010 in China.

"All the revealed data made the ranking meaningful," said Mr. James Wei, the President of the Company. "Video sharing has a huge market in China. By the ranking, we are very pleased to see 'CnBoo' becomes comparatively popular website among the other companies in the same field. We believe we have the ideal formula to further our ambitions of becoming a leading online video sharing website in the industry."

About China YouTV Corporation:

The Company signed a Definitive Agreement with HuaJu to set up a Joint Venture in China on March 16, 2007. According to the Agreement, the China YouTV Corp. owns 51% of the joint venture company and will provide the required working capital for the Joint Venture. HuaJu will be in charge of the daily operation of the Joint Venture. HuaJu has agreed to conduct its video sharing business only through the Joint Venture, and has agreed to contribute its web site, www.CnBoo.com and customer contracts to the Joint Venture.

www.CnBoo.com ("CnBoo") is the online video site belonging to the Joint Venture established by China YouTV Corp. and HuaJu. It is a video viewing site and social networking site that allows users to create their own profiles, post videos, and comment on each other's posts. The CnBoo web site is similar to YouTube (www.YouTube.com), the No. 1 online video site in operation. Within less than 2 years, CnBoo already has over 1.2 million members and over 2 million pieces of original digital video (DV) shorts.

To increase membership and CnBoo's brand name awareness, HuaJu has worked both on-line and off-line.

On-line: HuaJu has signed several agreements to enhance its on-line contents, such as an agreement for CCTV's TV program "Exploring High and Low", an agreement with ManGoCity, a travel company, an agreement with Megadia to host Humor channel on CnBoo web site, and the recently signed agreement with Music Nation and VVSky to add more music on its web site.

Off-line: HuaJu has signed several agreements to promote its 3G space cards, such as the agreement with Gome Electrical Appliances Holding Ltd., the largest chain store operator of electrical appliances in China to distribute its 3G digital space cards to Gome customers; an agreement with HURRAY, a NASDAQ listed company, for the launch of 3G experience terminals in Gome's stores; an agreement with ManGoCity, and a promotion agreement with Z-Card. HuaJu also got exclusive right from AIDS Prevention Education Project for Chinese Youth to negotiate with investors to install LED displays in the colleges and universities across China. All LEDs will have HuaJu and CnBoo's logo on it.

The Company has shown increasing popularity as its CnBoo web sites had been ranked No.1 on Microsoft Live, No.7 on BaiDu, No.11 on Yahoo China and No.12 on Google China when searching for keywords: on-line video and on-line video sharing web sites.

The Company has changed its name to China YouTV this year to reflect its new business operations: the fast growing video sharing web site market in China.

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.

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