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March 26, 2007

China's YouTube Mining for Minerals

Perry Wu, in a commentary at China Tech News, explains:

Perhaps only in China can investors find companies engaged in online video sharing also doing brisk business in mining of minerals. A recent press release issued by China YouTV (CYTV.OB) is yet another reason why I only choose to write about China's tech world, and keep my money far away from the Middle Kingdom and its many dubious listed technology companies.

On March 5, 2007, Admax Resources changed its name to China YouTV Corporation. I'm not joking when I relay the following from the company's release: "The company intends to participate in the fast growing video sharing web site market in China, and at the same time, to continue its exploration of mineral properties in British Columbia, Canada."

To read more:

http://www.chinatechnews.com/2007/03/14/5103-the-chinese-youtube-company-that-wants-to-keep-mining/

Posted at 09:33 AM |

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