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China YouTV's CnBoo Web Site Ranks
No.7 on BaiDu-China's Largest Search Engine
Aug.05, 2007
China YouTV Corp. (OTCBB: CYTV), a publicly traded company that
provides online video sharing services through its CnBoo.com web
site in China reported that the web site has currently ranked No.7
among all online video web sites in China based on a BaiDu research
study.
BaiDu is the number one Chinese language search engine in China. It
is a NASDAQ stock exchange listed company (stock symbol: BIDU).
BaiDu has the largest market share in China, larger than Yahoo China
and Google China. When you type in the keyword: BoKe (which means:
online video in Chinese), CnBoo.com is shown on the first page,
ranking No.7, after BaiDu's own video web site, Sina video web site
(Sina is also listed on the NASDAQ stock exchange with ticker
symbol: SINA) and 4 other online video sharing web sites.
CnBoo.com also ranked No.11 on Yahoo China when search for "ShiPinHuDong"
(which means: online video sharing).
CnBoo.com also ranked No.12 on Google.cn when one searches for "BoKeWang"
(which means: online video sharing web site). You can go to the
following link to check the result:
www.google.cn/search?q=%E6%92%AD%E5%AE%A2%E7%BD%91&hl=zh-CN&newwindow=1&start=10&sa=N
(NOTE: Due to the length of these URLs, it may be necessary to copy
and paste these hyperlinks into your internet browser's URL address
field.)
These rankings were shown based on the total pages viewed per web
site. CnBoo's top ranking shows the increasing popularity of its web
site.
Data Center of the China Internet (DCCI)'s latest survey data
revealed that online video has become the hotspot of internet
development in China. "INTERNET GUIDE 2007 Report of China Internet
Survey" indicated that the audiences of video sharing website
reached 76,000,000 in China. In the meanwhile, the number of
audiences of View on Demand (VOD) or Live View reached 98,000,000
with a market size of US$80 million in 2006. These numbers show a
remarkable rate of growth for Internet video in popularity, it also
indicates online video has become more and more of a mainstream
utilization of the Internet.
The CnBoo web site, owned by the Joint Venture between China YouTV
Corp. and HuaJu, seeks to increase its brand name and market share
through on-line activities and off-line activities. On-line
activities include cooperation with other sources of content in
order to increase its content and members. Its offline activities
include many different promotions that increase membership to the
web site, such as its 3G Space Cards distributed through Gome
Electrical Appliances Holding, Ltd., the largest chain store
retailer of electrical appliances in China, its broadcasting for the
4th Beijing inter-college Pop Dance Contest and the recent
cooperation with reputable APEPCY.
For more information, please go to www.chinayoutv.com.
About China YouTV Corporation:
The Company signed a Definitive Agreement with HuaJu to set up a
Joint Venture in China on March 16, 2007. According to the
Agreement, the China YouTV Corp. owns 51% of the joint venture
company and will provide the required working capital for the Joint
Venture. HuaJu will be in charge of the daily operation of the Joint
Venture. HuaJu has agreed to conduct its video sharing business only
through the Joint Venture, and has agreed to contribute its web
site, www.CnBoo.com and customer contracts to the Joint Venture.
www.CnBoo.com ("CnBoo"), is the online video site belonging to the
Joint Venture established by China YouTV Corp. and HuaJu. It is a
video viewing site and social networking site that allows users to
create their own profiles, post videos, and comment on each other's
posts. The CnBoo web site is similar to YouTube (www.YouTube.com),
the No. 1 online video site in operation. Within less than 2 years,
CnBoo already has over 1.2 million members and over 1 million pieces
of original digital video (DV) shorts.
To increase membership and CnBoo's brand name awareness, HuaJu has
worked both on-line and off-line. HuaJu has signed several
agreements to enhance its on-line contents, such as an agreement for
CCTV's TV program "Exploring High and Low", an agreement with
ManGoCity, a travel company and the recent agreement with Music
Nation, an agreement with Megadia to host Humor channel on CnBoo web
site, and the recently signed agreement with VVSky to add more music
on CnBoo. Off-line, HuaJu has signed agreements to promote its 3G
space cards through Gome Electrical Appliances Holding Ltd., the
largest chain store operator of electrical appliances in China to
distribute its 3G digital space cards to Gome customers, the Company
also has signed an agreement with HURRAY, a NASDAQ listed company,
for the launch of 3G experience terminals in Gome's stores; it
signed a 3G card agreement with ManGoCity, and a promotion agreement
with Z-Card. HuaJu also got exclusive right from AIDS Prevention
Education Project for Chinese Youth to negotiate with investors to
install LED displays in the colleges and universities across China.
All LEDs will have HuaJu and CnBoo's logo on it.
The Company has changed its name to China YouTV to reflect its new
business operations: the fast growing video sharing web site market
in China, and at the same time, to continue its exploration of
mineral properties in British Columbia, Canada.
Forward-looking statements
This report contains "forward-looking" statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. All
statements other than statements of historical facts included in
this report are forward-looking statements. Forward-looking
statements involve risks and uncertainties including, but not
limited to, economic and political factors; developments of the
Chinese and North American markets and changes in regulatory
matters; our business strategies and future plans of operations; the
market acceptance and amount of sales of our products and services;
our historical losses; the competitive environment within the
industries in which we compete; and our ability to raise additional
capital, currently needed for expansion.
The Company cautions that forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those indicated in the forward-looking
statements due to several important factors.
Contacts:
China YouTV Corporation
James Wei
Director
(604) 601-8274
Email: investors@chinayoutv.com
Website: www.chinayoutv.com
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