Alpha Spacecom, Inc. Forms Blue Ribbon International Advisory Council, Cyril H.C. Fung & Michael Selsman Appointed Asian Venture Capitalist & Entertainment Consultant to Guide Business Development & Aid in Securing Global Product for Satellite Broadcast HONG KONG and BEVERLY HILLS, Calif., Feb. 1 /PRNewswire-FirstCall/ -- Alpha Spacecom, Inc. (OTC:ASPC) (BULLETIN BOARD: ASPC) , a China-based entertainment Company converting movie theaters and multi-cinema complexes to digital projection, and distributing entertainment in China via satellite, including film, theater, live music and sporting events, revealed today that it has formed a blue ribbon international advisory committee, and that Cyril H.C. Fung, Chairman, Cyril Fung & Associates Ltd., Hong Kong, and Michael Selsman, President of Superluminal Films, Inc., Beverly Hills, have agreed to serve on the Council. Alpha Spacecom Chairman, Fung T. Sien, said that, "Alpha Spacecom is an international entertainment content provider in China. Our digital conversion business is, likewise, based on testing, purchasing, and installing the most appropriate equipment from the United States, Europe and Asia. As we expand, we expect to continue to add preeminent advisory members to our board from all over the world." Fung's company provides corporate advisory services, deal packaging and concept development to companies in Hong Kong, China, and other parts of Asia, the United States and Europe. Selsman will work with Fung in helping to broaden Alpha Spacecom's visibility in the international entertainment marketplace. "Cyril Fung is one of the legendary financial successes in Asia. His skill and expertise in brokering international transactions will be invaluable to our Company's growth, and Michael Selsman has an impressive background with more than 30 years experience in producing, distributing, and marketing motion pictures and television programs worldwide. We will utilize their expertise to provide us with a steady stream of entertainment projects as we continue to convert China's movie theaters and multi-cinema complexes to digital projection," Sien continued. A former international investment analyst for Morgan Guaranty Trust in New York City, Fung co-founded and was chairman of the first venture capital fund in Asia, Inter-Asia Management Co. Ltd., which was instrumental in bringing McDonald's to Hong Kong, and then to Singapore. Selsman has been an executive at 20th Century-Fox, Paramount, MGM, Universal, and Samuel Goldwyn Productions, at Goldwyn Studios. He has been a studio and independent producer, a theatrical agent and public relations agent, and has personally represented Marilyn Monroe, Judy Garland, James Stewart, Henry, Jane and Peter Fonda, Marlene Dietrich, Rock Hudson, Gene Kelly, James Mason, Peter Sellers, Lawrence Harvey, Mervyn LeRoy and others. About Alpha Spacecom, Inc. Alpha Spacecom, Inc. is a registered United States (Colorado) corporation traded on the OTC Bulletin Board (ASPC:OB). Alpha Spacecom is engaged in the research and development of technology and systems conversions related to the reconstruction and digital conversion of movie theaters and multi-cinema complexes and the satellite distribution of entertainment media (film, theater, live music and sporting events) in China. (http://www.alphaspacecom.com/). Except for historical information contained herein, the matters set forth in this press release, such as statements relating to the Company's ability to drive technological developments and the acceptance and timing of entertainment systems, conversion and programming introductions, are forward- looking statements that are subject to risks and uncertainties, including timely development and acceptance of new systems technologies, theater conversions and satellite linked communications. Contact: John Santoyo Investor Relations 213-426-3206 213-426-3207 Los Angeles, California DATASOURCE: Alpha Spacecom, Inc. CONTACT: Investor Relations, John Santoyo of Alpha Spacecom, Inc., +1-213-426-3206, or +1-213-426-3207, Web site: http://www.alphaspacecom.com/

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