China Youtv Corp (CYTV)

Company Overview
Company was incorporated on May 18, 2005 as Admax Resources, Inc. Company's main activity is exploration of minerals on one property located in the region of British Columbia, Canada.

The latest financial information available is almost 6 months old. The situation may have adversely changed for shareholders since the last filing.

On March 16, 2007, the company and Beijing HuaJu NetMedia Technology Co. Ltd., entered into a Joint Venture Agreement for the purpose of jointly administer a video sharing web site business in China. Admax got 51% of Venture Company and changed its name to China YouTV Corporation. China YouTV Corp also committed to provide working capital and manage accounting of the venture company. This joint venture is to be initially capitalized with 1,000,000 RMB (approximately 150,000 USD). China YouTV has agreed to contribute approx $75,000 but the company clearly does not have these funds available.

On September 1, 2007, company announced that its Chinese web site www.CnBoo.com has officially launched a new version. The new website has improved functionality and allows commercial customers to have better advertisement results. The website has been operational for 2 years. Being similar to widely known YouTube.com website, CnBoo already has over 1.2 million members and over 2 million pieces of original digital videos.

While being solely in mineral exploration business, company failed to earn a single penny from its activities. When company entered into venture agreement it had a total of $45,786 in liabilities against $9,151 in assets. Company had a net loss of $11,505 on the first quarter, ended 31 March, 2007. The stockholders equity has been decreasing since the start of company’s operations. Last quarter it decreased by 46% and reached $-36,635.

The company needs financing, and if no additional investment is received we doubt the company can continue and feel the stock will decline. Still if the company secures financing on favorable terms it could be a promising stock given that the previous capitalization table we have is still accurate. However it is doubtful if this company will be able to turn a profit. It will most likely continue to rely on additional funding or the hope of a sale.

If we knew an investment on favorable terms was imminent we would recommend the stock, but given the need for funding and the lack of information we would wait for further developments.
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QUOTE

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COMPANY INFO

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Symbol: CYTV
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Type: OTCBB

Watch the video to learn about the probability of China Youtv Corp (CYTV) Chart Signal as of Apr 20 2014

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CHINA YOUTV CORP (CYTV) MESSAGE BOARD

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