NEW YORK, Aug. 4 /PRNewswire-FirstCall/ -- China Networks International Holdings Ltd. (OTC:CNWHF) (BULLETIN BOARD: CNWHF) ("CNIH") today reported that its Chief Financial Officer, Michael E. Weksel, has tendered his resignation with effect from August 10, 2009 to pursue other business opportunities. Mr. Weksel will continue to serve on the Company's Board of Directors. Company Chairman Li Shuangqing said, "We thank Michael for his help throughout the merger process and look forward to his continued involvement as a China Networks director." Mr. Weksel's resignation is not the result of any dispute or disagreement with CNIH. Xin Yan Li, currently the Company's Financial Controller, will serve as CNIH's interim Chief Financial Officer with effect from August 10, 2009. Mr. Li served as Financial Controller of China Networks Media, Ltd. from January 2009 until the merger with CNIH, at which time he assumed the role of Financial Controller for the combined entity. From August 2007 to December 2008, he worked at Terex Corporation as an internal auditor. Prior to that, he was a financial specialist at Holcim North America Business Services from 2005 to 2007, and worked at Arthur Andersen from 1998 to 2001. Mr. Li received a B.A. degree in Economics from Renmin University of China in 1998 and an M.B.A. from McGill University in 2004. Mr. Li holds a Certificate of Certified Public Accountant from State of Delaware and is a Certified Internal Auditor. Mr. Li is 33 years old and is fluent in English and Mandarin. About CNIH CNIH is a provider of broadcast television advertising in the PRC through joint venture arrangements with state-owned television stations. The Company's principal executive offices are in Beijing, PRC. CNIH is the result of a merger between Alyst Acquisition Corp., a SPAC, and China Networks Media, Ltd., which was consummated on or about June 30, 2009. CNIH is incorporated in the British Virgin Islands. Safe Harbor Statement This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 about CNIH. Forward-looking statements are statements that are not historical facts and may be identified by the use of forward-looking terminology, including the words "believes," "expects," "intends," "may," "will," "should" or comparable terminology. Such forward-looking statements are based upon the current beliefs and expectations of CNIH's management and are subject to risks and uncertainties which could cause actual results to differ from the forward- looking statements. Forward-looking statements are not guarantees of future performance and actual results of operations, financial condition and liquidity, and developments in the industry may differ materially from those made in or suggested by the forward-looking statements contained in this press release. These forward-looking statements are subject to numerous risks, uncertainties and assumptions. The forward-looking statements in this press release speak only as of the date of this press release and might not occur in light of these risks, uncertainties, and assumptions. CNIH undertakes no obligation and disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. DATASOURCE: China Networks International Holdings Ltd. CONTACT: China Networks International Holdings Ltd., Michael E. Weksel, +1-212-650-0232,

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