China Broadband Corp. Signs Letter of Intent with Storage Access Inc.

Business Editors

CALGARY, Alberta--(BUSINESS WIRE)--April 12, 2001

China Broadband Corp. (OTC:CBBD) announced today that it has signed a Letter of Intent with Storage Access, Inc., a Delaware corporation, to enter into a strategic business alliance to deliver hosted data storage solutions in the Asia Pacific region.

Under this agreement, Storage Access will provide IBM hardware, software, enabling technologies and services, and China Broadband Corp. will provide facilities, sales, marketing, customer service resources, and knowledge of Asian markets.

"We are very pleased to have the opportunity to expand our Internet services in this exponentially growing market," said Mr. Matthew Heysel, Chairman and Chief Executive Officer of China Broadband.

About China Broadband

China Broadband is a leading cable broadband provider in China. The Company was formed to provide Internet technology to enable reliable, low-cost, high-speed Internet access over the modern hybrid fibre-optic coaxial Cable Television architecture in China. The Company, through its operational subsidiary, Big Sky Network, forms cooperative joint ventures with municipal governments, which own local cable television stations. These joint ventures provide Internet technology services to enable cable Internet access as government approvals are obtained.

Note: The information contained in this press release contains "forward looking statements" within the meaning of the U.S. Federal Securities Law. Such statements are based on the current expectations of the management of China Broadband Corp. only, and actual results may differ materially. Factors that may affect such results include, but are not limited to, China Broadband's ability to realize anticipated benefits from the strategy partnership with Nortel Networks, China Broadband's ability to increase its subscriber bases in Shekou and Chengdu, China Broadband's ability to enter into new joint ventures to expand its presence in China, China Broadband's ability to obtain additional capital to meet its on-going capital requirements and capital for expansion needs, potentially adverse regulatory environment and governmental regulations, technological or competitive developments that may render existing systems obsolete, uncertain demand for China Broadband's services or products, potential inability to timely develop and introduce new technologies, products and services, failure to receive on a timely basis necessary permits or other governmental approvals, and delays in installing equipment or providing services. These factors and many others could cause the actual results or performance to differ materially from management's expectations. For a more detailed discussion of risks and other factors related to China Broadband please refer to its 10-KSB and 10QSB reports filed with the U.S. Securities and Exchange Commission.