China Broadband Corp. To Launch Wireless Broadband Internet Access In Chengdu High-Tech Development Zone, People's Republic of China.Business Editors CALGARY, Alberta--(BUSINESS WIRE)--April 18, 2001 China Broadband Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CBBD CBBD California Beer & Beverage Distributors ) announced today that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Big Sky Network Canada Ltd., has entered into an agreement with the Chengdu High-Tech Development Zone in Sichuan province, People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China, to launch wireless broadband High-speed wireless transmission of data. What is "high" speed is always a changing number. Wireless systems are typically slower than land-based, wireline networks. In the past, wireless broadband started at 250 Kbps, whereas land-based broadband was generally considered to start at T1 Internet access See how to access the Internet. . This High-Tech Zone was established in 1991, and consists of 120,000 permanent residents and approximately 7,000 enterprises, including some 310 foreign companies, such as Motorola (China) Electronics Ltd., Alcatel Communications System Co. Ltd., Siemens Optical Fibre Cables, SEI Optical Fibre Co., and MCIL MCIL Motorola Communications Israel Ltd MCIL Member of the Chartered Institute of Linguists MCIL Monroe Center for Independent Living (Michigan) Radio Communication Cables, who have invested, to date, in excess of US$1 billion in this High-Tech Zone. In addition to providing reliable, low-cost Internet access with speeds in excess of 10 Mbs, China Broadband will offer its High-Tech Development Zone clients high security, private networks, data warehousing, web-hosting, business-to-business, and business-to-customer services, as well as IP Telephony when permitted by government regulations. "We are pleased to offer the Chengdu High-Tech Development Zone a high-speed Internet service, making it a world leader in High-Technology Zones," stated Mr. Matthew Heysel, Chairman and Chief Executive Officer of China Broadband Corp. About China Broadband China Broadband is a leading broadband provider in China. The Company, through its operational subsidiary, Big Sky Network, forms co-operative joint ventures to provide Internet technology services to enable Internet access in China via the hybrid fibre-coaxial cable television networks, Metropolitan Area Ether-networks and wireless networks, 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 Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. 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 QSB Fading QSB Qualified Small Business (IRS category) QSB Queen Street Backpackers (Auckland, New Zealand) QSB Quality System Basics QSB Qualified Supplemental Benefit QSB Quantum Singleton Bound reports filed with the U.S. Securities and Exchange Commission. CHINA BROADBAND CORP. Calgary, Alberta, Canada Beijing, People's Republic of China |
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