STS Evermedia Corp.(fka SEVM)

[Chinga]

'06 shaping up to be a very good year - Cambodian Ventures Limited Announces Broadened Business Strategy
12/20/2005 4:15:02 PM
LOWELL, MA AND PHNOM PENH, CAMBODIA, Dec 20, 2005 (MARKET WIRE via COMTEX) -- Cambodian Ventures Limited ( CMBV ), today announced a broadened business strategy.

Gary Fineberg, CEO of Cambodian Ventures, today announced an enhanced business strategy to take advantage of the many business and investment opportunities in Cambodia and Southeast Asia.

Gary stated, "We are by no means changing our strategy to obtain licenses for the exploration and mining of precious minerals in Cambodia. We have one joint venture agreement in place and are in the process of negotiating two other agreements. We are being very careful in how we invest our capital in these mining ventures. We are determined to minimize risk and to insure maximum return on our investment. Because of our stature as a publicly traded company on a U.S. exchange and our ability to raise capital, we are being presented a number of business opportunities under consideration for the company to pursue.

"Among projects under consideration are opportunities to develop 'build, operate and transfer' toll roads from the Angkor Wat temples in Siem Reap province, to the much older Angkorian temples in Preah Vihear and Kampong Thom provinces. Tourism in Cambodia has exploded in the last few years due to interest in the historical and archeological temples in these regions. Under these agreements, we would raise the capital to develop the highway infrastructure and collect tolls to generate revenue. The economics look very promising.

"Additionally we have been presented opportunities to invest in and acquire gaming licenses in different provinces in Cambodia. Gaming in Cambodia has become very popular due to its proximity to China and Vietnam. Except for lotteries, gaming in each of those countries is illegal for its citizens.

"Our agreement to acquire 25% of Canadian Biomed Systems (CBMS) is an example of this broadened business strategy. CBMS will market products providing education, protection, and prevention for the deadly avian influenza A virus (H5N1), also known as 'Bird Flu,' among humans."

The company will continue to release updates on its broadened business strategy in the coming weeks.

Safe Harbor Statement: The statements, other than the statements of historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.


CONTACT:
Cambodian Ventures Limited
1-[phone]
www.cambodianventures.com


SOURCE: Cambodian Ventures Limited

http://www.cambodianventures.com