Cirmaker Technology Receives Licenses to Manufacture Set-Top Boxes for the Mainland China Market One of Only Eight Chinese Companies with Legal Right to Produce Set-Top Boxes; No More Production Licenses to be Issued NEW YORK, July 14 /PRNewswire-FirstCall/ -- Cirmaker Technology Corp. (OTC:CRKT) (BULLETIN BOARD: CRKT) , which manufactures set top boxes for digital TV signal reception, CPU coolers for computers and electronic components, today announced that it has received the three required licenses from the mainland Chinese government agencies to manufacture set-top boxes (stbs) for satellite, cable and microwave connections that are capable of converting an analog signal to a digital signal. There are an estimated 340 million analog television sets in China, according to the market research organization of the China Central TV station, the government channel. Most of them will require a stb system to receive the digital signal into an existing analog TV. In China, a digital TV costs five to ten times the price of an analog TV. The State Administration of Radio, Film and Television, the government agency that promotes television, radio and movies in China, expects that by 2008, the year the Olympics is being held in Beijing, 200 million households will have completed the conversion to digital from analog. At the end of 2003, fewer than 170,000 households were equipped with sets that received a digital signal. It is estimated that there are cable systems in about half of the Chinese provinces; the rest will use satellite. A set-top box system for satellite reception includes a satellite dish, a tuner and a receiver. It sells in China for approximately $50. The Chinese Ministry of Information Industry (MII) issues the "on-site" production license, which only one manufacturer in a region obtains. MII issued only eight of these licenses to manufacture stbs; no more will be issued. All eight licensees are owned by mainland Chinese companies. Cirmaker Technology owns its license through its 66% ownership stake in Shaanxi New Century Electronics Co., which is producing the stbs under the Ruyi brand name. The other two licenses are: the 3C-quality license, which is evidence that the production methods meet government quality standards, and a license to permit the connection of the stb to the television transmission network. Ruyi is one of the top-selling television set brands in mainland China. The owner of the Ruyi well-established brand, Shaanxi Ruyi Electric, is one of the nation's top TV set manufacturers, and owns 34% of Shaanxi New Century Electronics. CEO and President Bill Liao of Cirmaker Technology said, "We are pleased to have received the last license to produce set-top boxes with satellite and cable functionality for the mainland China market. As far as we know, Cirmaker Technology is the only company that is publicly traded in the United States that has a license to participate in this significant market opportunity. In China, we are offering a top quality stb with a popular brand name at a competitive price." Shaanxi New Century Electronics' factory is headquartered in Xian Yang, Shaanxi Province. The province is located in the middle of mainland China. In western China, which is about half of the country's land mass, Shaanxi New Century Electronics is the only company that has a license to produce these stbs. About Cirmaker Technology Corp. Headquartered in Taiwan with offices in New York City, Beijing, and Guangdong province, Cirmaker Technology manufactures cooling systems for laptop and personal computers, electrical and electronic components and 3G MHP (3rd generation multimedia home platform) digital set top boxes for television sets. Cirmaker has developed set top boxes that convert digital television broadcast signals into analog formats so that analog TV sets can receive digital programming. The system also receives, processes, stores and broadcasts analog, digital and streaming media signals, and supports pay-per- view and video-on-demand functions. Cirmaker believes it is the only 3G MHP STB manufacturer operating in China able to produce in volume a device that meets all the required standards of Chinese broadcasting authorities. It also complies with all international HDTV standards for high definition television. About Shaanxi Ruyi Electric Company Shaanxi Ruyi Electric Company is one of the premiere national enterprises engaged in manufacturing satellite digital receivers in the northwest region in China. Its main business is the development, manufacturing and marketing of digital broadcasting, digital TV and related digital electronics products. Backed by its experience and resources, the company is focused on the development and promotion of high-tech digital electronics products. Shaanxi Ruyi Electric Company website: http://www.ruyi-cn.com/ . In Chinese, Ruyi means "wishes come true." Forward Looking Statements The matters discussed in this news release contain forward-looking statements, including statements regarding the potentially significant market opportunities in China for satellite set top boxes. These statements are subject to various risks, uncertainties and other factors that could cause actual results to vary materially from the results anticipated in such forward-looking statements. Such risks, uncertainties and other factors include Cirmaker's potential inability to raise additional capital, its potential inability to compete with other companies that may be more experienced and better capitalized than Cirmaker, changes in domestic and foreign laws, regulations and taxes, changes in economic conditions, uncertainties related to the legal systems in Cirmaker's target markets, including, China's legal system and economic, political and social events in China and other target markets, foreign relations between Taiwan, China and Cirmaker's other potential target markets, a general economic downturn, a downturn in the securities markets, Securities and Exchange Commission regulations which affect trading in the securities of "penny stocks," and other risks and uncertainties detailed from time to time in Cirmaker's filings with the Securities and Exchange Commission. These forward-looking statements represent management's judgment as of the date of this release. Cirmaker disclaims any intent or obligation to update these forward-looking statements. DATASOURCE: Cirmaker Technology Corp. CONTACT: Charles R. Skeele, General Manager, +1-917-639-4098, , of Cirmaker Technology Corporation; or Truc N. Nguyen, VP, Investor Relations, +1-212-888-0044, , of Stern & Co. for Cirmaker Technology Corp.

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