Yangtze Telecom Corp.

Yangtze Telecom Corp.

April 02, 2007 16:40 ET

Yangtze Telecom Announces Opening Ceremony of Wireless Digital TV Network in Mongolia

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 2, 2007) - Yangtze Telecom Corp. (TSX VENTURE:SMS) is pleased to announce that after months of testing and preparation, the Company's wireless digital network in Ulaanbaatar officially opened for business on March 29, 2007. Senior Mongolian government officials from the Information Communication Technology Agency, Ministry of Justice and Internal Affairs, and Ministry of Construction and Urban Development all attended the Company's opening ceremony. During a speech by a senior representative of the Information Communication Technology Agency, the government highly commended the Company for establishing a wireless digital TV network that will raise the quality of the cultural life of Mongolian people, and the representative noted that the Company's network marks the transition from analog TV broadcasting technology to the wireless digital age in Mongolia.

The ribbon-cutting ceremony was officiated by the JV partners of MNBC, the TV network operating entity - Mr. Amar, CEO of Suubbo Co. Ltd., and Mr. Kevin He, CEO of Yangtze Telecom Corp. Mr. Kelvin He, the General Manager of MNBC, said during the opening event, "The commencement of operations for MNBC is a good beginning. Through the wireless digital broadcasting platform, we hope to enrich the TV channels and entertainment programs for the Mongolian people. In time, we would also like to introduce a TV shopping channel and mobile TV for vehicles. Within the next twelve months, we intend to increase our program offerings from 24 channels to about 60 channels. Our eventual goal is to become the best TV network in Mongolia in terms of content, customer service and signal reception and quality." The opening ceremony was also well attended by local media. The ensuing publicity in Ulaanbaatar brought in a number of residents who queued up outside MNBC's premises to choose among the different TV subscription packages offered.

Yangtze Telecom Corp., on the heels of the successful introduction of the digital TV network in Mongolia, plans to duplicate and enhance the business model in other countries or areas, especially in China.

About Yangtze Telecom Corp.

Yangtze Telecom Corp. is a provider of telecom value-added services for consumers and businesses in China and Mongolia. The Company is focused on business applications utilizing a combination of satellite platform, the internet and wireless data communication technologies. Key applications to date are the Credit Management System, Wireless digital broadcasting, Distance Learning and Voice Information services. For further information on Yangtze Telecom Corp., please visit the Company's web site at www.yangtzetelecom.com.

The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of, the contents of this press release.

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