Mr. Shu Pu Yuan, President, New China Ventures, said, "Today China's waterresources per capita is only one quarter of the global average; more than30 million people in rural areas do not have access to clean drinkingwater, and more than 400 of 668 cities are facing tremendous water supplyshortages. With these market conditions, New China Ventures has asubstantial opportunity to grow our established water consulting servicesbusiness, which we expect will become a leader in serving Chinese watercompanies and municipalities."

"Our strategy is to leverage our water consultancy expertise to Chinesemunicipalities by rapidly diversifying in the Chinese water industry byselectively acquiring ownership in 30-50 year operating concessions tomanage municipal water systems in partnership with local governments.Also, due to the high level of urbanization in China today, we intend toselect cities that have the potential to double their population in thenext 5-10 years," added Mr. Yuan.

"Our highly experienced management team and Board of Directors, in managingthe municipal water systems, will also offer ancillary products andservices, such as water meter installation, billing, and installation ofwater pipe to customers. We have a solid foundation upon which to buildNew China Ventures into a substantial company. Hiring ROI will ensure thatinvestors learn about our compelling investment story as we head into aperiod of long-term growth," concluded Mr. Yuan.

"The New China Ventures investment story is very exciting. Management hasa well developed strategy to grow from a water consultancy to owning andoperating water utilities, as well as offer an array of products andservices to their customers and other water companies. By operating watercompanies, which realize solid returns on equity, in combination withNCVL's other businesses, NCVL offers investors a very visible revenuestream and path to profitability. We believe most investors are familiarwith the significant problems facing China's need for water -- there is nosubstitute. NCVL intends to be a leader in the water industry, and we arethrilled to represent NCVL as we are confident we will introduce NCVL tomany investors who will share our enthusiasm," stated Michael Dodge,Business Manager, ROI Group LLC.

About New China Ventures Ltd.

New China Ventures Ltd. (PINKSHEETS: NCVL) is currently organized into twodistinct operating segments:

The Water Equity Division

Will seek to participate in various Build-Own-Operate (BOO) arrangements inpartnership with government agencies, which are usually in the form of a30-50 year water tariff concession rights, to own and operate waterutilities throughout China.

NCVL will seek to develop additional non-tariff products and services toits customers and other water companies. Such service may include watermeter installation service, offering water meter hardware and installationservices for water pipe systems. Such products and services would provideNCVL with a steady recurring income stream.

NCVL can also derive revenues and profits from the construction of waterinfrastructure projects.

Additionally, the local water company is expected to have a constructionteam for building and maintaining the last mile network, reservoirs andother related facilities.

Water Consultancy Division

Owns a leading water consultancy firm, Beijing CGW Water Technology Centre(CGW) which, besides providing a steady stream of revenue, allows NCVLmanagement the ability to expertly measure the operating metrics of manymunicipal water systems. Therefore NCVL is able to better target potentialacquisitions.

We will continue to offer a full range of value-added water consultancyservices, such as system design, project engineering, managementconsulting, equipment procurement, pipeline inspection and maintenance, aswell as meter reading and tariff collection.

For more information on New China Ventures Ltd please visit our web siteat: www.china-waterworks.com

Safe Harbor Statement

The above news release contains forward-looking statements. Thesestatements are based on assumptions that management believes are reasonablebased on currently available information, and include statements regardingthe intent, belief or current expectations of the Company and itsmanagement. Prospective investors are cautioned that any suchforward-looking statements are not guarantees of future performances, andare subject to a wide range of business risks, external factors anduncertainties. Actual results may differ materially from those indicated bysuch forward-looking statements. The Company assumes no obligation toupdate the information contained in this press release, whether as a resultof new information, future events, or otherwise.