Yangtze Telecom Corp.

Yangtze Telecom Corp.

January 19, 2006 14:32 ET

Yangtze Telecom Announces Significant Expansion of its Distance Education Business

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 19, 2006) - Yangtze Telecom Corp. (TSX VENTURE:SMS) is pleased to announce that its subsidiary China United Telecom Technology Company has appointed Caritas Hong Kong as the sole authorized agent in the development of its Distance Education business in Hong Kong and Macau.

Caritas Hong Kong, established in 1953, is a non-profit multi-service organization with 140 locations, 4900 full-time staff and 10,000 volunteers, dedicated to meeting the needs of the community in basic human needs, medical services and education. The agency agreement was signed with the Adult and Higher Education Services of Caritas Hong Kong. Initially, this agreement covers 24 intermediate courses, 18 higher level courses and 6 executive courses. Examples of courses include tax planning, auditing, property management, human resources, quality control, purchasing, information management, supply chain management and finance.

"We are very pleased that the development of our Distance Education business has expanded beyond mainland China. Hong Kong is a much more sophisticated market. Caritas Hong Kong is a member of Caritas International with 154 organizations operating in 196 countries. Our partnership with such a reputable and professional organization underscores the substance of our offering and the growing demand of career education," said Kevin He, CEO of Yangtze Telecom.

About Yangtze Telecom Corp.

Yangtze Telecom Corp. provides telecom value-added services for enterprises and consumers in China. The Company is focused on developing and implementing business applications utilizing a combination of satellite platform, the internet and wireless data communication technology. The significant applications developed to date are the Credit Management System and Distance Learning business.

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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