China Cable & Communication Announces Delay Filing Form 10-KSB

China Cable & Communication Announces Delay Filing Form 10-KSB

Complex Joint Venture Financials Require Additional Time

BEIJING, April 18 /Xinhua-PRNewswire-FirstCall/ -- China Cable and Communication, Inc. (BULLETIN BOARD: CCCI) , a leading China-based cable TV company reports due to the complexities in consolidating the joint venture financial statements of Baoding Pascali Broadcasting Cable TV Integrated Information Networking Co., Ltd., that is 49% owned by CCCI, CCCI will be filing our year end 2004 annual financial statements late. This extension will result in an "E" being placed at the end of CCCI's ticker symbol starting the week of April 18. Management expects to have all SEC filings completed by April 29 and have the "E" removed during the first week of May. The "E" at the end of the ticker symbol CCCI will have no impact on the share structure of CCCI or the ability for investors to buy or sell CCCI stock.

Gareth Tang, President of China Cable and Communication said, "Consolidating the first-year financial statements for our Baoding joint venture has proven to be quite an undertaking," said Mr. Tang. "We filed for an extension last week because it became clear we would need the additional time to ensure the financial accuracy of what has proven to be a very complex business venture."

The company will file its annual report before April 29. However, the company is confident that it will file well ahead of the deadline.

About China Cable and Communication:

China Cable and Communication, Inc. is a China-based cable TV company. Through its British Virgin Island subsidiary, the Company is the first foreign company to own and operate a cable television network in China. Located 85 miles south of Beijing, the network currently offers 39 channels within the Baoding city limits and eight additional channels to outer areas in the Baoding metropolitan area. It transmits in both analog and digital over its fiber optic network and through 22 substations. With its fiber optic network, Baoding network is capable of transmitting 37 analog television programs, six digital signals and one FM music program. In addition to its cable television transmission services, Baoding network offers Internet access and value added services, such as broadband Internet access and on-demand services through its proprietary set-top boxes.

China Cable and Communication is well positioned as a foreign investor approved by The State Administration of Radio, Film and Television ("SARFT"), China's national regulatory authority for the broadcasting industry, to own interests in and provide operational management support to cable television networks in the People's Republic of China (PRC). The SARFT approval together with the trading of CCCI's common stock in the US, provide CCCI with a favorable advantage in access to foreign capital. China Cable and Communication, Inc. trades in the United States, under the ticker symbol CCCI, in order to provide U.S. investors with the opportunity to invest in a company that owns interests in a PRC cable television network. For more information, please visit http://www.chinacable.us/.

Safe Harbor Act Notice:

The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Some of these include, but are not limited to, our availability of capital, political occurrences and events in China, the terms of our 8% convertible preferred stock, operations of the Baoding joint venture, demand for the products of the Baoding joint venture, the economy of China, and other factors. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks described in other documents the Company files from time to time with the Securities and Exchange Commission, including Amendment No. 1 to the Form SB-2 registration statement filed with the Securities and Exchange Commission on December 8, 2003, the Annual Report on Form 10-KSB for the fiscal year ended December 31, 2003, as well as the Quarterly Reports and Current Reports on Form 8-K by the Company.

Contact Information: Stephen Taylor, Investor Relations, China Cable and Communication, Inc. Tel: +1-973-351-3868 Email: STEPHTAYL9@AOL.COM

Source: China Cable and Communication, Inc.

CONTACT: Stephen Taylor, Investor Relations, China Cable and Communication, Inc., +1-973-351-3868, or STEPHTAYL9@AOL.COM

Web site: http://www.chinacable.us/

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