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Last Post: 1/26/2016 3:17:03 PM - Followers: 6 - Board type: Free - Posts Today: 0
We were incorporated in Delaware on August 16, 2006 as Alyst Acquisition Corp. (“Alyst”) in order to serve as a vehicle for the acquisition of an operating business in any industry, with a focus on the telecommunications industry, through a merger, capital stock exchange, asset acquisition or other similar business combination. Our initial shareholders purchased 1,750,000 shares of common stock, par value $0.0001 per share (“Common Stock”), in a private placement. On July 5, 2007, Alyst consummated its initial public offering (“IPO”) of 8,044,400 of its units (“Units”). Each Unit consisted of one share of Common Stock and one warrant to purchase one share of Common Stock at an exercise price of $5.00 per share. Simultaneously with the consummation of the IPO, Alyst consummated a private placement of 1,820,000 warrants, each warrant entitled upon exercise to one share of Common Stock at an exercise prices of $5.00 per share.

On June 24, 2009, Alyst, a special purpose acquisition company, announced that Alyst’s stockholders approved its proposed redomestication to the British Virgin Islands (“BVI”) and its proposed business combination with China Networks Media, Ltd., a British Virgin Islands company (“China Networks”). Alyst redomesticated to the British Virgin Islands through a merger with its wholly-owned subsidiary, China Networks International Holdings, Ltd. (“CNIH”), effective June 24, 2009, with CNIH as the surviving entity. With effect from June 26, 2009, the business combination among Alyst, CNIH, China Networks and its shareholders, was approved by regulators in the British Virgin Islands and, thereafter, was consummated on June 29, 2009.

Upon consummation of the Business Combination, CNIH had outstanding 12,927,888 ordinary shares, par value $0.0001 per share, 9,864,400 warrants, and an IPO Underwriters’ Purchase Option for 300,000 units, each unit containing one ordinary share and one warrant. As the result of consummation of the business combination, China Networks’ common and preferred shares were converted automatically into 9,422,760 CNIH common shares; therefore China Networks shareholders own approximately 73% of voting equity interests of CNIH. The business combination is considered a reverse acquisition with China Networks as the accounting acquirer. As such, the historical financial information presented herein prior to June 29, 2009 relates to the financial position and results of operations of China Networks. Through the business combination, China Networks acquired from Alyst net assets of fair value of $1,566,492, in which $1,449,122 are in cash.

Through China Networks, we provide broadcast television advertising services in the People’s Republic of China (“PRC”), operating joint-venture partnerships (“Local JV Cos”) with PRC state-owned television broadcasters (“PRC TV Stations”) in regional areas of the country, currently in Kunming and Taiyuan. China Networks manages these regional businesses through a series of joint ventures and contractual arrangements to sell broadcast television advertising time slots and so-called “soft” advertising opportunities to local advertisers directly and through advertising agencies and brokers. It also assists PRC TV Stations in selling advertising time slots and “soft” advertising opportunities to national advertisers, specifically by offering multi-region campaigns to maximize value and cut costs these national advertisers would otherwise face when dealing with individual stations on a station-by-station basis. China Networks also provides advisory services to the PRC TV Stations to help optimize the impact that their program scheduling and content has on their key advertising demographics. We believe

that China Networks’ distinctive business model positions it to become one of the leading companies with a growing network of regional television advertising operations in the PRC.

China Networks’ strategy is to replicate this operating partnership model and seek other such JV partnership opportunities in other regions in the PRC and then introduce operating efficiencies and increase service offerings across its network of Local JV Cos. These efficiencies are expected to include reducing the costs associated with advertising delivery and designing more effective incentive structures to drive sales. In addition, China Networks is considering establishing strategic relationships with advertising agencies with an objective of exploiting unsold advertising inventory.

China Networks’ operating activities from March 30, 2007 (inception date) to September 30, 2008, were limited and related to its formation, and professional fees and expenses associated with its acquisition activities. Through September 30, 2008, its historical results of operations were insignificant and not reflective of the results of operations it anticipates following the partnership operation with Shanxi Yellow River and Advertising Networks Cartoon Technology Co., Ltd. and Kunming Taishi Information Cartoon Co., Ltd., (collectively “JV Tech Cos”). China Networks began to generate revenue from the Kunming JV as of October 1, 2008 and from the Yellow River JV as of January 1, 2009. As a result, the six months ended June 30, 2008 results of operations of Kunming TV Station – Advertising Center and the Yellow River TV Station – Advertising Center have been provided to assist the comparison and evaluation the performance of six months ended June 30, 2009 of CNIH.
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Current Price
Bid Ask Day's Range
#73   Good buy here? any one else have any Smithstir 01/26/16 03:17:03 PM
#72   $CNWHF recent news/filings stocktrademan 12/16/15 08:29:51 AM
#71   Disappeared on etrade today. no quote, no intraday ipulator_man 05/07/14 12:19:30 AM
#70   Pretty impressive buying today in CNWHF. buxmaker 05/06/14 05:16:13 PM
#69   Performed well but nothing propping the price here. JBernadyn 05/06/14 12:05:52 PM
#68   I'm guessing a sudden stop when it jumps JBernadyn 05/06/14 12:04:47 PM
#67   Or a quick crash haha Smf0211 05/06/14 11:28:02 AM
#66   Looks like CNWHF may be basing for the buxmaker 05/06/14 11:03:39 AM
#65   I bought this bitch at .118, it jumped Smf0211 05/05/14 09:04:23 AM
#64   I was in at at 0.00x sold for ClearlyStocks 05/04/14 09:50:44 AM
#63   Bought this at .09 and sold at .15 harley3296 05/02/14 04:32:47 PM
#62   COULD HAVE SHOULD HAVE WOULD HAVE...BEEN MY BEST onetimepleasegoupppp 05/02/14 03:54:11 PM
#61   $CNWHF @ .665! Estrella 05/02/14 02:43:49 PM
#60   Someone just bought $25,0000 ClearlyStocks 05/02/14 02:41:50 PM
#59   $CNWHF @ .43! Estrella 05/02/14 02:39:49 PM
#58   don't forget who alerted CNWHF great stuff here ash111 05/02/14 02:00:50 PM
#57   Officially the thinnest stock I have seen in ClearlyStocks 05/02/14 01:57:38 PM
#56   $CNWHF @ .365! Estrella 05/02/14 01:51:21 PM
#55   $CNWHF @ .18! Estrella 05/01/14 09:38:27 AM
#54   CNWHF has exploded, up huge lately. Anyone know buxmaker 05/01/14 08:42:49 AM
#53   You know by the time news is out ipulator_man 04/26/14 06:09:39 PM
#52   Slow accumulation happening here? PPS boosted significantly JBernadyn 04/24/14 05:34:51 PM
#51   Where are the financials for CHNWF? Did buxmaker 04/14/14 02:45:33 PM
#50   post link here? Fire sale 04/11/14 09:54:30 AM
#49   What is this stock going to see today, Fire sale 04/11/14 09:44:56 AM
#48   BOOOOOOOOM 10K POSTED 10 MILLION REVENUE 4TH QUARTER. bonappetite85 04/11/14 09:44:40 AM
#47   What News are you talking about?? runningwithscissors 04/11/14 08:53:52 AM
#46   .15 up....$2.00 today folks come get em. bonappetite85 04/11/14 08:45:41 AM
#45   Can we say gappa tomorrow??! runningwithscissors 04/10/14 04:09:20 PM
#44   Given the increasing volume and big pps rise runningwithscissors 04/10/14 01:41:14 PM
#43   Weeee $$$$$$$$ runningwithscissors 04/10/14 01:40:45 PM
#42   This is a Shell co looking for merger mkinhaw 04/10/14 12:56:57 PM
#41   Yes...weird but looking good. Forgot I had these shanett 04/10/14 12:46:08 PM
#40   IHUB is messed up with this ticker/not showing GEM 04/10/14 12:44:08 PM
#39   $CNWHF @ .04! Estrella 04/10/14 12:39:49 PM
#38   A sustained multi-day run 1,500%+ on super low runningwithscissors 04/10/14 12:22:14 PM
#37   $CNWHF @ .03! Estrella 04/10/14 12:21:30 PM
#36   0.03's hitting. CNWHF shanett 04/10/14 12:16:40 PM
#35   iHub is screwed up !!! GLTA CNWHF shanett 04/10/14 12:11:23 PM
#34   $CNWHF @ .01! Estrella 04/10/14 10:00:12 AM
#33   $CNWHF @ .0065! Estrella 04/10/14 09:47:31 AM
#32   $CNWHF @ .003! Estrella 04/09/14 10:05:40 AM
#31   $CNWHF @ .0025! Estrella 04/04/14 04:00:10 PM
#30   $CNWHF @ .0015! Estrella 04/04/14 03:22:26 PM
#29   Huge up today. ASK 02/25/13 03:53:39 PM
#28   Anyone here ?. Looks like this could move shanett 02/25/13 02:46:59 PM
#27   YSYB .,04 breakout,about 3m float.21m OS ash111 02/19/13 12:12:16 PM
#26   new owner filing of 9.5%out.this was trading .05 ash111 02/15/13 05:06:34 AM
#25   Huge potential stock!!No doubt!! ASK 02/14/13 03:18:22 PM
#24   Saw it tnx JJZander 02/14/13 02:46:49 PM