Network CN Inc Continues Geographic Expansion Announces Pursuit of Outdoor Advertising Business in Wuhan, China

NEW YORK, March 7, 2007 (PR Newswire) — Network CN Inc. (OTC Bulletin Board: NWCN), a Chinese travel and media network company headquartered in Hong Kong, today announced that it has entered into a business cooperation agreement with Wuhan Xin An Technology Development Company Limited, a company incorporated in China to manage and operate 120 roadside LED video panels (1.8 meters x 1.7 meters) and two mega-sized (200 square meters) digital video billboards in the city of Wuhan, China. The agreement was signed between Wuhan Xin An Technology and Network CN’s subsidiary, Shanghai Quo Advertising Company Limited (‘Quo’). Under the terms of the cooperation agreement, the two companies may pursue the right to install and operate the outdoor panels for an eight year period.

Godfrey Hui, Chief Executive Officer of Network CN stated, “Today’s announcement confirms our continued geographic expansion.  Wuhan is a city of eight million people and nicely complements our entrance to the outdoor media space in Shanghai and Nanjing.”

The Company anticipates that it will complete the installation of all 120 LED panels by the end of September 2007 and that it will begin to generate advertising and other revenues from installed panels during the second half of 2007. 

Hui continued, “Entrance into Wuhan is particularly exciting as we finalize plans to launch our first advertiser in our Shanghai network this month.  We look forward to further strengthening our position in the out-of-home media business in China.”

Please refer to the Company’s website ( for more details of Wuhan and current media projects.  For details of the agreement, please refer to the Company’s Form 8-K filing with the Securities and Exchange Commission.

About Network CN Inc.

Headquartered in Hong Kong, Network CN Inc.’s vision is to build a nationwide network in China to service the needs of its customers. To achieve its vision, the Company has set out to build and run a Hotel Network, a Media Network and an e-Network. A Hotel Network has already been established. As of September 30, 2006, the Company had eleven hotels and roughly 2,350 hotel rooms under management. In addition, the Company is actively pursuing the development of a Media Network and an e-Network via the Internet and mobile communications.

This press release includes statements that may constitute ‘forward- looking’ statements, usually containing the word ‘believe,’ ‘estimate,’ ‘project,’ ‘expect,’ ‘plan,’ ‘anticipate’ or similar expressions. Forward- looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company’s products and services in the marketplace, competitive factors and changes in regulatory environments. These and other risks relating to Network CN Inc. business are set forth in the Company’s Annual Report on Form 10-KSB filed with the Securities and Exchange Commission on April 14, 2006, and other reports filed from time to time with the Securities and Exchange Commission. By making these forward- looking statements, Network CN Inc. disclaims any obligation to update these statements for revisions or changes after the date of this release.

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