CTVH Appoints Hornblower & Weeks, Inc. as Investment Banker.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--April 9, 2002 China NetTV Holdings ("the Company") (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CTVH) wishes to announce that it has appointed Hornblower & Weeks, Inc. ("H&W") as its Investment Banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. . It is the quality of the project and the potential size of the market that attracted H&W to CTVH. According to a December 10, 2001 article titled "Leadership role possibility in interactive TV," the South China Morning Post The South China Morning Post, together with its Sunday edition, the Sunday Morning Post, is a English-language newspaper of Hong Kong, with a circulation of 104,000. reported that China has set an aggressive target to digitalize dig·i·tal·ize tr.v. dig·i·tal·ized, dig·i·tal·iz·ing, dig·i·tal·iz·es 1. To administer digitalis in a dosage sufficient to achieve the maximum therapeutic effect without producing toxic symptoms. 2. their TV industry. With its own proprietary technology specifically designed for the Chinese market, the Company's Set-Top Boxes have been accepted by Sichuan Cable and are ready for production. The current facilities have a capacity of 400,000 sets per year and the Company has received orders and indications from three different provinces. Hornblower & Weeks, Inc. is a full service brokerage firm with offices on Wall Street with an illustrious history and an exceptionally high success rate in fulfilling the requirements that enable their clients to meet their needs and grow in their respective industries. The company provides research, marketing and trading services for institutional, corporate and individual clients and specializes in providing investment banking services tailored to the specific needs of companies. The Company is excited to be able to attract a venerable firm such as H&W and is confident that by working together, it can move forward with its business model. Please visit the Company's web site: "www.chinanettvholdings.com" for a description of the business as well as previous press releases. Any forward-looking statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. in this press release is made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors, technological developments and changes in international and local markets, as well as the inherent risks of the technology related business. On Behalf of the Board of Directors of China NetTV Holdings Inc. "Signed" Ernest Cheung, President China NetTV Holdings Suite 830-789 West Pender Street, Vancouver, B.C. V6C 1H2 Tel: (604) 689-4407 Fax: (604) 689-7654 Home Page: www.chinanettvholdings.com E-mail: investors@chinanettvholdings.com |
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