CHINA CABLE (CCCI)

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In order to effectively grow its subscriber base, CCCI plans to provide 24-hour customer services to its subscribers, provide superior technical performance and increase its current product and service offering. It also plans to increase its ownership level in the joint venture company to 51% as soon as possible and terms for that have been agreed upon.

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 Oct. 31, 2002, as well as the Quarterly Reports and Current Reports on Form 8-K by the company.