DENVER, Sept. 7, 2010 (GLOBE NEWSWIRE) -- China Wi-Max Communications,
Inc. ("China Wi-MAX") (OTCBB:CHWM) announces the signing of a letter of
intent (LOI) to acquire a majority interest in a regional Chinese basic
telecom partner. This operator, with $3M USD revenue, has significant
growth potential within its region and throughout China. China Wi-Max
anticipates beginning due diligence this month toward a definitive
agreement that will utilize up to $1.8M, of the $10M Reserve Equity
Financing Agreement with AGS Capital Group (AGS), to significantly
expand operations in China.

Steven Berman, President and CEO of China Wi-MAX, noted, "This example
of the intended use of the AGS funding is consistent with our
fundamental investment objective of creating shareholder value through
our business plan which includes Internet access, backhaul services,
and value added services. We believe we have a first mover advantage in
China, where the Internet market is now the largest in the world with
the greatest growth potential."

About China Wi-MAX Communications, Inc.: (OTCBB:CHWM) is a
multinational telecommunications and internet service company with
plans to operate in ten cities in China which have rapidly expanding
broadband communications needs by providing IP Transport, internet
access, and value added internet services in China. The Company has
acquired fiber assets in Beijing and Hangzhou, as well as option
agreements to purchase fiber in Shanghai and has acquired licenses for
5.8 GHz wireless frequency in Beijing, Shanghai and Hangzhou. China
Wi-MAX is headquartered in Denver, Colorado. It is an Over the Counter
Bulletin Board Company which is dually reported on the OTCBB and OTCQB.

Safe Harbor Statement: This press release contains forward-looking
statements that involve risks and uncertainties. Actual results, events
and performances could vary materially from those contemplated by these
forward-looking statements. These statements involve known and unknown
risks and uncertainties, which may cause the Company's actual results,
expressed or implied, to differ materially from expected results which
include among other things, product demand and market competition.
Independent investigation with a full understanding if all risks before
an investment decision is warranted.


CONTACT:  China Wi-MAX Communications Inc.
          Steven T. Berman, President and Chief Executive Officer
            303-993-8028
            info@chinawi-max.com
          Investor Relations:
          Jim Prange
            920-912-7444
            jim.prange@gmail.com
         
          Capital Group
          Richard Carpenter
          415-332-7200