China Broadband Expands Internet Service to New Area in Shenzhen, People's Republic of China.Business Editors CALGARY, Alberta, Canada--(BUSINESS WIRE)--March 19, 2002 China Broadband Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CBBD CBBD California Beer & Beverage Distributors ) announced today that its Shenzhen China Merchants Big Sky Joint Venture, located in Shekou, has signed an Agreement to deploy two-way cable Internet Internet access via the cable companies. There are two kinds of service. One uses a cable modem to connect to a computer, and the other uses an enhanced cable box that provides Internet access directly at the TV. access to the Jing jing (jing) [Chinese] one of the basic substances that according to traditional Chinese medicine pervade the body, usually translated as "essence"; the body reserves or constitutional makeup, replenished by food and rest, that supports Shang District of Shenzhen. The Jing Shang District is a modern residential compound housing foreign executives involved in China's off-shore oil industry. The Agreement with the Administration Authority of this District guarantees a minimum of 260 subscribers and will increase our current subscriber count of approximately 2,000 by more than 10%. "We are pleased to be invited to expand our network to this prestigious area of Shenzhen," stated Mr. Jeff Xue, Manager of the Joint Venture. "Our license covers the entire Shenzhen area, and we intend on pursuing opportunities beyond our Shekou initiative." "The added revenue from this expansion will result in our joint venture reaching breakeven on a cash basis anticipated by the second quarter of this year," stated Mr. Matthew Heysel, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . About China Broadband China Broadband is a leading broadband Internet See broadband. provider in China. The Company, through its operational subsidiary Big Sky Network Canada Ltd., forms co-operative joint ventures with municipal network providers to enable affordable, reliable, high-speed Internet See broadband. access. The Company launched its first deployment in Shenzhen over the hybrid fibre cable television network; the first launch of two-way commercial Internet access in China. The Company has also launched Internet access on the cable television network in Chengdu, Sichuan, and via a metropolitan area network in a Chengdu Hi-Tech Park. The Company has also executed agreements to enable Internet access in several cities, including Shanghai and Beijing, and throughout the provinces of Hunan and Fujian. The Company has also entered into an agreement with Jitong to provide a fixed wireless solution throughout China over Jitong's existing city-specific and country-wide spectrum. Under these joint ventures, the Chinese partner contributes the exclusive access to the existing network, while the Company contributes the required capital, management, and Internet technology to enable Internet access once all government approvals are received. 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. 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. |
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