Network CN, Inc. (NWCN)

[Hanibal]

Network CN Announces Company Common Stock Trading Exclusively on OTCQB

NEW YORK, March 21, 2011 -- Network CN Inc. (OTCQB: NWCN), a Chinese media company headquartered in Hong Kong, today announced that, since February 23, 2011, the Company’s common stock, along with the securities of over 600 other issuers, has been quoted exclusively on the OTCQB platform maintained by the OTC Markets Group Inc. (the "OTCM"), and is no longer being quoted on the over-the-counter bulletin board ("OTCBB").

The Company’s change from the OTCBB to the OTCQB was not due to the failure of the Company to meet quality standards or any delinquencies in reporting, Rather, certain market makers, including those that have traditionally traded the Company’s common stock, have favored trading on the OTCM platform for their own economic reasons. As a result, the Company’s common stock was automatically dropped from the OTCBB and is now being exclusively quoted on the OTCQB without interruption.

The OTC operates the world’s largest electronic interdealer quotation system for broker-dealers to trade stocks not currently listed on major exchanges such as NASDAQ and NYSE. The OTCQB is a market tier for OTC-traded companies that are registered and reporting with the U.S. Securities and Exchange Commission or a U.S. banking or insurance regulator.

Certain financial web-sites and stock information providers are in the process of updating their platforms to correctly display the trading activity of companies that have transitioned from the OTCBB to the OTCQB. In the interim, accurate price and volume information regarding the Company’s common stock on the OTCQB marketplace is available at
http://www.otcmarkets.com/stock/NWCN/quote.