860543--6/28/2006--ASIA_PREMIUM_TELEVISION

related topics

{operation, international, foreign}

{condition, economic, financial}

{competitive, industry, competition}

{operation, natural, condition}

{personnel, key, retain}

{interest, director, officer}

{customer, product, revenue}

{debt, indebtedness, cash}

We operate in a highly competitive industry Demand for our services may decrease due to a decline in our clients or an industry s financial condition or due to an economic downturn in the Chinese economy. We depend on a few key customers for a substantial majority of our sales and the loss of, or a significant reduction in orders from, any of them would likely significantly reduce our revenues . Our cash flows may be insufficient to fund our future business expansion. We rely on key management personnel. Mr. Qiang Jiang owns a large percentage of our outstanding common shares and may have the ability to influence matters requiring shareholder approval. Mr. Qiang Jiang owns a large percentage of our outstanding common shares and may have the ability to influence matters requiring shareholder approval. China s legal system is characterized by uncertainty that could negatively impact our business and results of operations. Any recurrence of severe acute respiratory syndrome, or SARS, or another widespread public health problem, could negatively impact our business and results of operations. Changes in China s political and economic policies could negatively impact our business. Restrictions on foreign currency exchange may limit our ability to receive and use our revenues effectively. Fluctuations in the value of the Renminbi could negatively impact our results of operations. Your ability to bring an action against us or against our directors and officers, or to enforce a judgment against us or them, may be limited because we conduct all of our operations in China and all of our directors and officers reside outside of the United States.

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860543--6/28/2006--ASIA_PREMIUM_TELEVISION_GROUP