Looking for a hot stock tip?

Look no further. If you were in any doubt about the business appetite of Chinese companies, just check out this press release from Admax Resources. They've just changed their name to China YouTV and plan to create the China equivalent of YouTube. Good idea - but they are a mining company - as their press release states:

"The Company intends to participate in the fast growing video sharing web site market in China and, at the same time, continue its exploration of mineral properties in British Columbia, Canada,"

But no need to be worried about your investment because they go on to say:

"If we find mineralized material and it is economically feasible to remove the mineralized material, we will attempt to raise additional money through a subsequent private placement, public offering or through loans. If we need additional cash and can't raise it, we will either have to suspend activities until we do raise the cash, or cease activities entirely. If we can't find any mineralized material or it is not economically feasible to remove the mineralized material, we will have to cease activities and focus on the new market: the media and entertainment industry in China. "

So that's ok, then.