China YouTV Corporation
OTC Bulletin Board : CYTV

July 09, 2007 15:12 ET

China YouTV's JV Partner Signed LOI With "APEPCY"

BEIJING, CHINA--(Marketwire - July 9, 2007) - China YouTV Corp. (OTCBB:CYTV), a publicly traded company that provides online video viewing services through its Cn.Boo web site in China reported that its Chinese Joint Venture Partner HuaJu signed a Letter of Intent with AIDS Prevention Education Project for Chinese Youth ("APEPCY").

In order to install LED displays in the colleges and universities across China for distributing AIDS prevention knowledge and educating sexual health, APEPCY has exclusively authorized HuaJu to negotiate with media operators using LED displays with respect to the cooperation issues concerned. Term of this authorization ends by December 31, 2007.

HuaJu will use its connection and network to negotiate with potential media operators who can install the LED displays. LED displays will be mainly used to distribute AIDS prevention related knowledge, but could also advertise other content suitable for college and university students and staffs. Final agreement will be determined by APEPCY, HuaJu and the media operators.

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 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, its broadcasting for the 4th Beijing inter-college Pop Dance Contest and this cooperation with reputable APEPCY.

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 1 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. 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 and the recent agreement with Music Nation, an agreement with Megadia to host Humor channel on CnBoo web site. Off-line, HuaJu has signed agreements to promote its 3G space cards through 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, the Company also has signed an agreement with HURRAY, a NASDAQ listed company, for the launch of 3G experience terminals in Gome's stores; it signed a 3G card agreement with ManGoCity, and a promotion agreement with Z-Card.

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