China YouTV JV Partner Signs Agreement to Launch New Music Channel on CnBoo

China YouTV Corp. (OTCBB: CYTV), a publicly traded company that provides online video viewing services through its CnBoo web site in China, reports that its Chinese Joint Venture Partner HuaJu has signed an agreement with Shanghai Yue Sheng Information Technology Co., Ltd. (hereinafter referred to as "Yue Sheng") to launch an exclusive music shopping channel on CnBoo.

"Yue Sheng" owns and operates www.9sky.com ("9sky"), China's most comprehensive database of online music and one of the most successful legal music websites in China. 9sky has over 13 million registered users and receives more than 70% of China's music download website traffic.

Per the agreement, "Yue Sheng" will provide the technical requirements to launch a professional music download order system on CnBoo. With this new channel, CnBoo users will have access to 9sky's extensive music database which includes nearly 500 thousands songs, more than 20 "billboard" music charts and approximate 3,000 music videos. In addition, CnBoo will be able to create its own featured web page and reserve specific advertising space for the new channel.

"With the launch of CnBoo's new strategic vision, we have recently enriched our website content with the addition of a new category of "Video House", an area where users can download the online game "Pick", and now a new music channel," stated James Wei, CEO and President of China YouTV Corp. "CYTV is working actively to increase the company's membership and brand awareness. We believe we have the ideal formula to further our ambitions of making CnBoo the most valuable brand in the industry."

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 2 million pieces of original digital video (DV) shorts.

In order to increase membership and brand name awareness as well as moving the company towards sustained profitability, we have worked both on-line and off-line.

On-line:

1. HuaJu has signed several agreements, which are, among others, an agreement for CCTV's TV program "Exploring High and Low", an agreement with ManGoCity, a travel company, and an agreement to host "HABBO Original DV Shorts Contest" on CnBoo to enhance its on-line contents for raising brand awareness and membership.

2. Meanwhile, the Company has also signed several revenue-based contracts, including an agreement with 21 Century Network Co., an agreement with TianWei, and an agreement with Beijing Jiahe Interactive Network Technology Co., Ltd. These agreements coincide with the company's strategic plan to increase membership and interest in CnBoo, while moving towards sustained profitability.

Off-line:

HuaJu has signed several agreements to promote its 3G space cards, such as the agreement with 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; an agreement with HURRAY, a NASDAQ listed company, for the launch of 3G experience terminals in Gome's stores; an 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 shown increasing popularity as its CnBoo web sites had been ranked No.1 on Microsoft Live, No.1 on Google China, No.7 on BaiDu, No.11 on Yahoo China and No.12 on Google China when searching for keywords: on-line video, and on-line video sharing web sites recently. The Company also has launched its new version for enhanced functionality.

The Company has changed its name to China YouTV this year to reflect its new business operations: the fast growing video sharing web site market in China.

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.