China YouTV Corp.
OTC Bulletin Board : CYTV

March 30, 2007 09:00 ET

Working With HURRAY, China YouTV Sets Foot in Wireless Value-Added Services

BEIJING, CHINA--(CCNMatthews - March 30, 2007) - China YouTV Corp. (OTCBB:CYTV), a publicly traded company that recently entered into the growing online video viewing market in China, reported that its Joint Venture Partner HuaJu NetMedia ("HuaJu") has entered into a strategic partnership with the leading value-added mobile service and software technology provider in China, HURRAY, a NASDAQ listed company, where both parties will carry out cooperation on over 2000 3G experience terminals. These terminals will be launched into Gome Electrical Appliances Holding Ltd.'s ("Gome", HK stock symbol: 0493) malls across the country, providing consumers with excellent wireless value-added services and state-of-the-art 3G service experiences.

HuaJu has completed the R&D of experience terminals. With advanced touch screen which is embedded with services favored by consumers such as video, music, ring tones, pictures and mobile games, users can operate the terminals as easily as operating computers, and trial use, view or experience these services at any time. Having found and purchased desired items, users can acquire them in many forms such as by writing or through infrared, Bluetooth or data cable.

Both parties agree that they will use their advantages to furnish the experience terminals with excellent contents. HuaJu has been taking the lead in video sharing and possesses abundant entertainment video resources, while HURRAY also owns several music companies. The combination of both parties in this field will bring forward a win-win situation.

Mr. Wei, CEO of HuaJu said that, the launch of 3G experience terminals, which is designed to provide consumers with more direct and considerate experience services, is an upgrade of the cooperation between HuaJu and Gome on 3G service experience cards.

HURRAY also maintains that, use of the terminals to provide wireless value-added services and ahead-of-time 3G contents not only provides value-added mobile services to explore 3G era in advance with a best opportunity, but also enhances consumer's user experience, creating a new revenue source for value-added mobile service providers. HURRAY and HuaJu will share the profit, HURRAY will have 40%, HuaJu will have 60%. ("CnBoo"), the online video site belonging to the Joint Venture established by China YouTV Corp. and HuaJu, 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. CnBoo web site is similar to YouTube (, the No. 1 online video site. Within less than 2 years, CnBoo already has over 1.2 million members and over 1 million pieces of original digital video (DV) shorts.

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. According to the Agreement, the Company will own 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 and customer contracts to the Joint Venture.

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.

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