Creating OpenVZ LiveCD based on Centos 4.4

"This article is a step by step guide explaining how to add OpenVZ functionality to Centos 4.4 LiveCD. As a result, you will have a LiveCD, that can boot in various OpenVZ kernels (rhel4-2.6.9, 2.6.18, rhel5-2.6.18, 2.6.20) and in original CentOS kernel also. After booting from the CD, you will be able to create VEs, start them, enter them - i.e. perform common OpenVZ activity."

http://wiki.openvz.org/Creating_OpenVZ_LiveCD_based_on_Centos_4.4