SOURCE: New China Ventures Ltd.

March 25, 2008 10:36 ET

New China Ventures, a Chinese Water Company, Retains ROI Group as Investor Relations Counsel

BEIJING--(Marketwire - March 25, 2008) - New China Ventures Ltd. (PINKSHEETS: NCVL), a Chinese water company involved in infrastructure development, consultancy and provisioning ancillary products and services, announced it has retained ROI Group LLC as its investor relations counsel. ROI will be executing a comprehensive investor outreach program to the financial community in order to introduce NCVL's investment story to a large audience of potential investors.

Mr. Shu Pu Yuan, President, New China Ventures, said, "Today China's water resources per capita is only one quarter of the global average; more than 30 million people in rural areas do not have access to clean drinking water, and more than 400 of 668 cities are facing tremendous water supply shortages. With these market conditions, New China Ventures has a substantial opportunity to grow our established water consulting services business, which we expect will become a leader in serving Chinese water companies and municipalities."

"Our strategy is to leverage our water consultancy expertise to Chinese municipalities by rapidly diversifying in the Chinese water industry by selectively acquiring ownership in 30-50 year operating concessions to manage municipal water systems in partnership with local governments. Also, due to the high level of urbanization in China today, we intend to select cities that have the potential to double their population in the next 5-10 years," added Mr. Yuan.

"Our highly experienced management team and Board of Directors, in managing the municipal water systems, will also offer ancillary products and services, such as water meter installation, billing, and installation of water pipe to customers. We have a solid foundation upon which to build New China Ventures into a substantial company. Hiring ROI will ensure that investors learn about our compelling investment story as we head into a period of long-term growth," concluded Mr. Yuan.

"The New China Ventures investment story is very exciting. Management has a well developed strategy to grow from a water consultancy to owning and operating water utilities, as well as offer an array of products and services to their customers and other water companies. By operating water companies, which realize solid returns on equity, in combination with NCVL's other businesses, NCVL offers investors a very visible revenue stream and path to profitability. We believe most investors are familiar with the significant problems facing China's need for water -- there is no substitute. NCVL intends to be a leader in the water industry, and we are thrilled to represent NCVL as we are confident we will introduce NCVL to many investors who will share our enthusiasm," stated Michael Dodge, Business Manager, ROI Group LLC.

About New China Ventures Ltd.

New China Ventures Ltd. (PINKSHEETS: NCVL) is currently organized into two distinct operating segments:

The Water Equity Division

Will seek to participate in various Build-Own-Operate (BOO) arrangements in partnership with government agencies, which are usually in the form of a 30-50 year water tariff concession rights, to own and operate water utilities throughout China.

NCVL will seek to develop additional non-tariff products and services to its customers and other water companies. Such service may include water meter installation service, offering water meter hardware and installation services for water pipe systems. Such products and services would provide NCVL with a steady recurring income stream.

NCVL can also derive revenues and profits from the construction of water infrastructure projects.

Additionally, the local water company is expected to have a construction team for building and maintaining the last mile network, reservoirs and other related facilities.

Water Consultancy Division

Owns a leading water consultancy firm, Beijing CGW Water Technology Centre (CGW) which, besides providing a steady stream of revenue, allows NCVL management the ability to expertly measure the operating metrics of many municipal water systems. Therefore NCVL is able to better target potential acquisitions.

We will continue to offer a full range of value-added water consultancy services, such as system design, project engineering, management consulting, equipment procurement, pipeline inspection and maintenance, as well as meter reading and tariff collection.

For more information on New China Ventures Ltd please visit our web site at: www.china-waterworks.com

Safe Harbor Statement

The above news release contains forward-looking statements. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of business risks, external factors and uncertainties. Actual results may differ materially from those indicated by such forward-looking statements. The Company assumes no obligation to update the information contained in this press release, whether as a result of new information, future events, or otherwise.

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