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."

"If the Company finds mineralized material and it is economically feasible to remove the mineralized material, it will attempt to raise additional money through a subsequent private placement, public offering or through loans. If the Company needs additional cash and can't raise it, it will either have to suspend activities until it is able to raise the cash, or cease activities entirely. If the Company can't find any mineralized material or it is not economically feasible to remove the mineralized material, it will have to cease activities and focus on the new market: The video-sharing industry in China."