China Media1 Corp. Names New President; Successfully Completes Acquisition of Subway and Airport Contracts.IRVINE, Calif. -- China Media1 Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CMDA CMDA Chennai Metropolitan Development Authority (India) CMDA Christian Medical & Dental Association CMDA Capital Markets Development Authority (Fiji) ) today announced that the Company has successfully acquired the Airport and Subway advertising contracts from Chuangrun and Mr. Hanxiong (Adrian) Cai has been named to the Board of Directors. Mr. Cai graduated in 1989 with a BA (Foreign Trade) from Guangzhou University in China. He founded the Chuangrun Group of Companies in 1999 that has evolved into a very successful media and advertising company in Southern China. He has been appointed President replacing Ms. Angela Du and also elected Chairman of the Board. A Funding Allocation Committee has also been formed with Michael McKennon CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. (Director and CFO See Chief Financial Officer. ), Ernest Cheung (Director and Secretary) and Adrian Cai as the Committee members for a term of two years. Please check the Company's latest 8-k filing. The Company has concluded a series of discussions with management of the Guangzhou Baiyun International Airport Guangzhou Baiyun International Airport (IATA: CAN, ICAO: ZGGG) (Simplified Chinese: 广州白云国际机场; Traditional Chinese: prior to the start of the Spring Festival holiday period and we expect to schedule installations before the end of the month. Spring Festival (Chinese New Year Chinese New Year (Simplified Chinese: ; Traditional Chinese: ; Pinyin: ChūnjiĆ©), or Spring Festival ) is the most important celebration on the Chinese calendar; this year it starts on February 9th and will last about 10 days. Advertisers, as well as advertising agencies have already approached us for space availability. We expect to attract top tier advertisers to our signs once they are installed. About China Media1 Corp.: China Media1, headquartered in Irvine, California recently changed business focus through the acquisition of key China advertising rights. The Company owns and operates specialty media assets throughout Southern China that include physical advertising space and the advertising contracts with National and Multi-National corporations. Currently, the Company conducts business at the Guangzhou Baiyun International Airport and the Guangzhou MTR (Subway). The Company's website is www.chinamedia1corp.com. Forward Looking Statements: Any forward-looking statement in this press release is made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors, technological developments, regulatory matters and increased competition. The Company disclaims any obligation to update any such factors or to publicly announce results of any revisions to the forward-looking statements contained herein to reflect future events or developments. China Media1 Corp. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :CMDA) |
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