Yangtze Telecom Corp.
TSX VENTURE : SMS

Yangtze Telecom Corp.

March 25, 2008 03:53 ET

Yangtze Telecom Provides Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2008) - Yangtze Telecom Corp. (TSX VENTURE:SMS) is pleased to provide an update on the status of the acquisition of a 95% interest in Hunchun VAS Technology Co. Ltd. (HCVAS). As announced in a press release on February 19, the Company has received conditional acceptance for the acquisition of the HCVAS interest from the Exchange. The initial tranche of 10 million shares is subject to escrow until the net asset value of HCVAS has been audit verified. The conditions to final Exchange acceptance are completion of a standard background clearance of the AGM appointed director of the Company and agreement with respect to the issuance and release of ongoing earn-in shares based on quarterly profits reported by HCVAS. With the Company's annual audit well underway, there does not appear to be any problems in meeting the Exchange's conditions.

HCVAS is in the business of commercializing its patented Push-to-Talk over Cellular (PoC) technology and Fingerprint Biometric technology in car security system. Its proprietary PoC technology reportedly has one of the shortest time lags in two-way "walkie-talkie" communication. HCVAS's fingerprint biometric technology is being licensed to a manufacturer which distributes the car security system through a network of dealers in China, South East Asia, United States, Europe and Middle East.

"According to the National Science and Technology Library website in China (http://ae.nstl.gov.cn), car security systems take about 40% share of the automobile electronics market in China, and Biometric fingerprint authentication has the most developed technology, wide ranging applications and a high degree of user acceptance. It is estimated that, in 2009, fingerprint authentication technology could be a $5 billion business in car security systems in China," Emily Chen, President of Yangtze Telecom further explained.

About Yangtze Telecom Corp.

Yangtze Telecom Corp. is in two businesses - operation of a wireless digital TV services in Mongolia and commercializing unique patented technologies, currently in Push-to-Talk software and Biometric Fingerprint Car Security System. 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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