China Cable and Communication Launches New Website
Phase One Launch of Corporate Branding and Communications Efforts
HONG KONG, Nov. 18 /PRNewswire-FirstCall/ -- China Cable and Communication, Inc. (OTC: CCCI), China's fastest growing cable TV company, today announced the launch of a new website as part of its corporate branding and communications efforts. The website is now available at www.ChinaCable.us. Gareth Tang, President of China Cable and Communication, said, "Over the past few months, we have been working on rebranding China Cable and Communication to more accurately reflect our business plan, target markets and prospects. The launch of our new website is the first tangible result of our efforts. Establishing an online presence was a top priority for us given our global investor base and commitment to actively communicate with our shareholders on an ongoing basis. We fully expect that our online presence will evolve over time as we continue to successfully execute on our business plan and achieve our objectives." About China Cable and Communication China Cable and Communication, Inc. is China's fastest growing cable TV company. Through its British Virgin Island subsidiary, the Company is the first foreign company to own and operate a cable television network in China. The Company owns a 49% interest in Baoding Pascali Cable Television Network through a license that allows the Company to make additional investments in PRC networks. Located 85 miles south of Beijing, the network has more than 200,000 subscribers within a population of 10 million, and currently offers 39 channels within the Baoding city limits and eight additional channels to outer areas in the Baoding metropolitan area. It transmits in both analog and digital over its fiber optic network and through 22 substations. With its fiber optic network, Baoding network is capable of transmitting 37 analog television programs, six digital signals and one FM music program. In addition to its cable television transmission services, Baoding network offers Internet access and anticipates that it will be able to offer value added services, such as broadband Internet access, virtual private network and bulk data transmission services by the end of 2003. In addition to its favorable advantage in access to foreign capital, China Cable and Communication is well positioned as a foreign investor approved by The State Administration of Radio, Film and Television ("SARFT"), China's national regulatory authority for the broadcasting industry, to own interests in and provide operational management support to cable television networks in the People's Republic Of China (PRC). China Cable and Communication, Inc. trades in the United States, under the ticker symbol CCCI, in order to provide U.S. investors with the opportunity to invest in PRC cable television networks. CONTACTS: David Pasquale, 646-536-7006, or Jim Olecki, 646-536-7021 Both of The Ruth Group, www.TheRuthGroup.com George Raney of China Cable & Communication, Inc. 310-301-0082 The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof. Readers should carefully review the risks described in other documents the company files from time to time with the Securities and Exchange Commission, including the Annual Report on Form 10-KSB for the fiscal year ended October 31, 2002, as well as the Quarterly Reports and Current Reports on Form 8-K by the company.
SOURCE China Cable and Communication, Inc.
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