Exhibit 10.3



                             JOINT VENTURE AGREEMENT
                               CVC DIRECT WIRELESS

This JOINT VENTURE  AGREEMENT made the 31st day of May, 2006 by and between WRIO
CORPORATION,  a Dallas, Texas corporation having its principal place of business
at 17300 N. Dallas Parkway,  Suite 2040, Dallas, TX 75248 (hereinafter  referred
to as "WRIO",  which expression  shall include its successors and assigns);  and
VOIUM TECHNOLOGIES LTD, a Cayman Islands  corporation having its principal place
of business at 126A Rangoon Road,  Singapore 218404 (hereinafter  referred to as
"VOIUM", which expression shall include its successors and assigns). The parties
are referred to  individually  as the "Venturer" and  collectively as the "Joint
Venturers".

In consideration of the mutual terms,  conditions and covenants  hereinafter set
forth, the Joint Venturers agree as follows:

1.       The Joint  Venturers  hereby form a "Joint  Venture" for the purpose of
         operating  in The  People's  Republic  of China  ("PRC")  pursuant to a
         license granted to it by WRIO for the commercialization of the WRIO DVB
         Platform  ("WRIO  Network")  and its  partner's  Products  which  shall
         include all such  modifications  and  enhancements as shall be provided
         from time to time by WRIO.

2.       The Joint Venture shall conduct  business  under the name of CVC Direct
         Wireless ("CDW") or such other name as shall be permitted in PRC.

3.       The Joint Venturers  shall execute the necessary  documents to register
         the Joint Venture with the proper governmental offices in the PRC.

4.       The  Joint   Venturers   acknowledge   that  each  Joint  Venturer  has
         contributed US $1,000 in capital to the Joint  Venture.  Any additional
         amounts funded by the Joint Venturers shall be treated as a loan to the
         Joint Venture.

5.       The  profits and losses of the Joint  Venture  shall be  determined  in
         accordance with U.S. generally accepted accounting principles and shall
         be shared among the Joint Venturers in equal proportion.

6.       A Board of four to be nominated  equally between the parties shall have
         the sole  discretion,  management  and entire control of the conduct of
         the business of the Joint Venture as the "Venture Managers."

7A.      As compensation for their services,  the Venture Managers shall be paid
         amounts to be mutually  agreed during the duration of the Joint Venture
         and shall be reimbursed  for all  reasonable  expenses  incurred in the
         performances of their duties as Venture Managers.



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7B.      This  Agreement  does not provide nor is it required to provide for the
         payment  of any fees,  commission,  or payment of any kind to any third
         party.

8.       Each Joint  Venturer  shall be bound by any action taken by the Venture
         Managers  in good faith  under this  Agreement.  In no event  shall any
         Joint  Venturer be called upon to pay any amount  beyond the  liability
         arising against him on account of his capital contribution.

9.       The Venture  Managers  shall not be liable for any error in judgment or
         any  mistake  of law or  fact or any act  done  in  good  faith  in the
         exercise  of the power and  authority  as Venture  Manager but shall be
         liable for gross negligence or willful default.

10.      The  relationship  between the Joint  Venturers shall be limited to the
         performance  of the terms and  conditions  of this  Agreement.  Nothing
         herein shall be construed to create a general  partnership  between the
         Joint Venturers, or to authorize any Venturer to act as a general agent
         for another,  or to permit any  Venturer to bind another  other than as
         set forth in this  Agreement,  or to borrow  money on behalf of another
         Venturer,  or to use  the  credit  of any  Venturer  for  any  purpose.
         Notwithstanding,  WRIO shall  give VolUM the right of first  refusal to
         manufacture,  assuming  specifications,   quality,  delivery  and  cost
         targets  are  met,  any  equipment  or  accessory  used  by WRIO in the
         business of the Joint Venture, and to provide  communications  services
         over the WRIO Network.

11.      Neither this  Agreement  nor any  interest in the Joint  Venture may be
         assigned,  pledged,  transferred  or  hypothecated  without  the  prior
         written  consent  of  the  Joint  Venturers   hereto  except  to  their
         respective related companies.

12.      This Agreement shall be governed by and  interpreted  under the laws of
         the State of Texas,  USA. Any  controversy  or claim  arising out of or
         relating to this Agreement,  or the breach thereof, shall be settled by
         arbitration in accordance with the Commercial  Arbitration Rules of the
         International  Arbitration  Association  and  judgment  upon the  award
         rendered  by the  arbitrator(s)  may be  entered  in any  court  having
         jurisdiction thereof.

13.      Any and all  notices to be given  pursuant  to or under this  Agreement
         shall be sent to the  party  to whom the  notice  is  addressed  at the
         address of the Venturer  maintained  by the Joint  Venture and shall be
         sent Certified Mail, Return Receipt Requested.

14.      The costs  related to the  preparation  and stamping of this  Agreement
         shall be paid by the Venture Managers out of the capital of CDW.

15.      This Agreement constitutes the entire agreement between Joint Venturers
         pertaining to the subject  matter  contained in it, and  supersedes all
         prior and contemporaneous agreements,  representations,  warranties and
         understandings of the parties. No supplement, modification or amendment
         of this Agreement  shall be binding  unless  executed in writing by all
         the  parties  hereto.  No  waiver  of  any of the  provisions  of  this
         Agreement shall be deemed, or shall  constitute,  a waiver of any other
         provision,  whether  similar  or not  similar,  nor  shall  any  waiver
         constitute a continuing  waiver.  No waiver shall be binding  unless in
         writing signed by the party making the waiver.



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The parties hereto,  intending to be bound, have signed this Agreement as of the
date and year first above written.

WRIO Corporation                                     By: /s/ D. Ronald Allen
                                                        --------------------
                                                     Name:  D. Ronald Allen
                                                     Title:  President



VoIUM Technologies Ltd                               By: /s/ Hin Hiong Khoo
                                                        -------------------
                                                     Name:  Hin Hiong Khoo
                                                     Title:  Managing Director






















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