China Wi-Max Communications Enters Agreements to Develop IPTV in China

Wednesday, September 21st, 2011 logo

GRAFTON, WI. and BEIJING, China — China Wi-Max Communications, Inc. (OTCBB: CHWM) is pleased to announce the signing of two strategic business agreements. Signature of these agreements positions China Wi-Max (CHWM) to utilize its fiber assets and wireless frequencies and has the potential to generate significant revenue streams in the future.

These agreements represent a logical evolution of CHWM’s strategic business plan to be a premier technology and service provider in China. China CTV Television Network (CTVN) has been granted the privilege by the Government to receive a Chinese Bank loan for this project.

First, CHWM has entered into an agreement with China CTV Television Network Center (CTVN) to develop nationwide fiber optical networks for delivering Digital TV and other value added services throughout China.

The companies will initially deliver multimedia “three screen” experience to TV, web and mobile devices with content readily available to CTVN’s Chinese subscriber base of 200,000,000 people via 200 TV stations across China.

Second, CHWM has entered into an agreement with the premier IPTV technology and content provider, 3Screen Group Ltd, Hong Kong, United Kingdom, inclusive with their partner Ltd. Ireland. Together, through CHWM, they will deliver a complete IPTV solution to CTVN’s extensive subscriber market in China.

Coupling 3Screen Group Ltd’s extensive IPTV technology knowledge and content rights for Europe and Asia and CHWM’s relationships in China, builds on all the partners’ strategic strengths and enables telecoms/media companies to get to market rapidly. The market for Video on Demand (VoD) and IP broadcast solutions is growing at an exponential rate in China. This IP broadcast solution, along with VoD capability and content catalogue creates a unique end to end IP video service.