China Networks International Holdings Ltd. Receives Notice of Delisting From NYSE...

China Networks International Holdings Ltd. Receives Notice of Delisting From
NYSE Amex

NEW YORK, July 7 /PRNewswire-FirstCall/ -- China Networks International
Holdings Ltd. (NYSE Amex: CNR), a provider of broadcast television advertising
rights through joint venture arrangements in the People's Republic of China
("CNIH"), today reported that it received a letter (the "Letter") on July 6,
2009, from the NYSE Amex indicating its intent to proceed with delisting of
CNIH's common stock, units and warrants pursuant to Section 1003(d) of the
Exchange's Company Guide. The Exchange cited, in particular, the failure of
the Company (formerly known as Alyst Acquisition Corp.) to meet certain
initial listing requirements following the consummation of its merger with
China Networks Media, Ltd. on June 30, 2009. Specifically, under Section
102(a) of the Exchange's Company Guide, a company is required to have a
minimum public distribution of 500,000 shares of common stock and a minimum of
800 public shareholders, or a minimum of 1 million shares of common stock
together with a minimum of 400 public shareholders. In addition, the Exchange
cited the Company's failure under Section 132(e) to provide certain additional
documentation and information requested by the Exchange in a timely manner.

CNIH has a limited right to appeal the Exchange's determination by requesting
an oral hearing or a hearing based upon a written submission before a Listing
Qualifications Panel. Such request, together with the applicable fees, must
be received by the Exchange by July 13, 2009. If CNIH does not appeal by the
prescribed date, the Exchange will suspend trading in CNIH's securities and
submit an application to the SEC for remove the securities from listing.
CNIH's management expects to appeal the Exchange's determination within the
required time period and request a hearing before a committee of the Exchange.
Such a hearing is expected to be scheduled within 45 days of receipt by the
Exchange of CNIH's appeal. There can be no assurance that the Company's
request for continued listing of its securities will be granted. In the event
that CNIH is unsuccessful in retaining its listing on the NYSE Amex, its
securities will be eligible for trading in the OTC Bulletin Board until it can
once again meet the listing requirements of a nationally recognized exchange.

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. Alyst 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.

SOURCE China Networks International Holdings Ltd.

Michael E. Weksel, China Networks International Holdings Ltd.,
+1-212-650-0232, mweksel@alyst.net