China YouTV Corporation
OTC Bulletin Board : CYTV

September 05, 2007 14:01 ET

China YouTV's JV Partner Signed Agreement to Exchange Advertisement Resources with Online Advertisement Company: Unlimited Chance Technology Development Co. Ltd

BEIJING, CHINA--(Marketwire - Sept. 5, 2007) - China YouTV Corp. (OTCBB:CYTV), a publicly traded company that provides online video viewing services through its CnBoo web site in China, reported that its Chinese Joint Venture Partner HuaJu signed an agreement with Unlimited Chance Technology Development Co. Ltd, (referred as "UCTD"), a leading online advertisement company in China to share and exchange their advertising resources on a mutually benefiting basis.

According to the agreement, HuaJu is entitled to use a great volume of its partner, WTTD's direct mobile message advertising business.

Compared to other advertising means, direct mobile advertise has many outstanding features, such as:

- Direct: it is directly delivered to the ad viewers

- Customized: targeting the specifically selected groups

- Massive coverage: all mobile phone users are our potential viewers

- Accurate: over 98% selected viewers can see our message ads

UCTD is a subsidiary of 3G New Media Company (3g4a), one of China's major network advertising solution providers with advanced technologies and rich network advertising experiences.

The signing of this cooperation agreement will greatly extend the Company's adverting capacity and influence in China's market.

The CnBoo web site, owned by the Joint Venture between China YouTV Corp. and HuaJu, seeks to increase its brand name and market share through on-line activities and off-line activities. On-line activities include cooperation with other sources of content in order to increase its content and members. Its offline activities include many different promotions and events that increase membership to the web site, such as its 3G Space Cards distributed through Gome Electrical Appliances Holding, Ltd., the largest chain store retailer of electrical appliances in China.

For more information, please go to www.chinayoutv.com.

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 rights 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 them.

The Company has shown increasing popularity as its CnBoo web sites have been ranked No.1 on Microsoft Live, No. 1 on Google China, 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.

Source: China YouTV Corporation

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