China Broadband to Launch Cable Internet Access in Chengdu, People's Republic of China.Business Editors CALGARY--(BUSINESS WIRE)--Sept. 28, 2000 China Broadband broadband Term describing the radiation from a source that produces a broad, continuous spectrum of frequencies (contrasted with a laser, which produces a single frequency or very narrow range of frequencies). Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CBBD CBBD California Beer & Beverage Distributors ) continues to grow by launching its second 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 service in Chengdu, the capital of Sichuan Province, on October 26, 2000. This launch will coincide with the Western Forum of China, which will take place in Chengdu during this week. China Broadband's launch of cable Internet access will serve as a showcase of modern technology and is anticipated to attract key government officials and business leaders from this forum. China Broadband, through its operational subsidiary Big Sky Network Canada Ltd., entered into a cooperative joint venture with Huayu Chengdu Information Industry Company to provide reliable, high-speed, low-cost cable Internet access throughout Chengdu. The city is one of the most populous pop·u·lous adj. Containing many people or inhabitants; having a large population. [Middle English, from Latin popul urban centres in China, with approximately 14 million people. The joint venture is expected to provide service to a market of more than 1.5 million cable television subscribers. China Broadband's cable Internet launch will be the first in Chengdu, and the first in the province of Sichuan. About China Broadband China Broadband Corp. is a Nevada registered Company with offices in Beijing, People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China, and Calgary, Canada. The company was established in 1999. China has 22 million km of modern HFC 1. (networking) HFC - Hybrid Fiber Coax. 2. (hardware) HFC - hydrofluorocarbon. cable television infrastructure. Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the use is rapidly expanding, achieving a growth rate of 400 per cent in 1999, despite the slow, expensive, dial-up connection that characterizes the current infrastructure. Management believes that the viability of deploying high-speed, two-way Internet access See how to access the Internet. over this cable television architecture is exceptional. As the purchase of this cable infrastructure is not permitted, the company, through its operational subsidiary Big Sky Network Canada Ltd., has formed cooperative joint ventures with the municipal governments which own the local cable television stations. Under these joint ventures, Big Sky contributes the necessary equipment and expertise, which enables its Chinese partner to deliver Internet access. The company's first joint venture was formed with China Merchant's Group, the local authority which controls the Shekou Industrial zone, China's first established economic free zone, located approximately 60 miles from Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . After receiving government approvals for deployment, the joint venture launched its cable Internet service on June 30, 2000; the first in China's history. The joint venture reported revenue in August, had approximately 500 subscribers on-line, and an inventory of over 1,500 subscribers awaiting service. In addition to launching its second cable Internet service in Chengdu, the company is currently negotiating similar joint ventures with an additional 20 cities throughout China, representing a market of some 9 million cable television subscribers. The company, via non-brokered private placements, raised US$11.3 million in May 2000, which management believes is sufficient to achieve the above market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" and launch its next 5 cities. CHINA BROADBAND CORP. Calgary, Alberta, Canada Beijing, People's Republic of China www.chinabroadband.com 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. Risks include, but are not limited to, adverse regulatory, technological or competitive developments, uncertain demand for the ventures' services or products, inability to timely develop and introduce new technologies, products and services, pressure on pricing resulting from competition, unforeseen delay, failure to receive on a timely basis necessary permits or other governmental approvals, and delays in the receipt of or failure to obtain any necessary financing which could cause the actual results or performance to differ materially from those described herein. For a more detailed discussion of such risks and other factors please refer to the company's 10-K and 10Q reports filed with the U.S. Securities and Exchange Commission. |
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