Enjoy Media Reports 2006 Unaudited Annual Financial Results, Terminates Association With 10 Companies, and Plans For New Hotel Business Direction With Asia Times.HONG KONG Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. -- Enjoy Media Holdings Limited (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :EJYM) announced its unaudited financial results for the year ended December December: see month. 31, 2006. Highlights for the full year 2006: -- Net revenues were US$2,075,217 -- Gross profit was US$912,845 -- Net loss was US$71,814 Enjoy Media also announced that it had signed termination agreements with the following companies; Guangzhou Enjoy Media Advertising Company Limited, Guangzhou ZhiRui Advertising Limited, Guangzhou Faxian Media Limited, Guangzhou Enjoy Tianhua Advertising Limited, Guangzhou Yidu Information Technology Limited, www.YYFC.com, Jinan HuiZhi Advertising Limited, Guangzhou U&D Advertising Limited and Elevator elevator, in machinery elevator, in machinery, device for transporting people or goods from one level to another. The term is applied to the enclosed structures as well as the open platforms used to provide vertical transportation in buildings, large ships, Advertising Limited on September 30, 2006; and Shanghai Shanghai (shăng`hī`, shäng`hī`), city (1994 est. pop. 12,980,000), in, but independent of, Jiangsu prov., E China, on the Huangpu (Whangpoo) River where it flows into the Chang (Yangtze) estuary. Super Media Advertising Limited on November 30, 2006 (collectively the "Terminated Companies"). Under the terms of the termination agreements, all issued shares related to the relevant acquisition agreements, total of 46,345,875 shares, have been returned and that the Terminated Companies are no longer associated with Enjoy Media. On December 29, 2006, Enjoy Media entered into an agreement with Asia Times Limited, whereas Asia Times agreed to provide Enjoy Media with a hotel property and a business development plan in China's lodging Lodging or holiday accommodation is a type of accommodation. People who travel and stay away from home for more than a day need lodging mainly for sleeping. Other purposes are safety, shelter from cold and rain, having a place to store luggage and being able to take a industry in exchange for 46,345,875 old shares of its common stock. Preliminary developments may include 3 new projects in Sichuan, Fujian and Guizhou provinces in China. About Enjoy Media Holdings Limited Enjoy Media is a media advertising and marketing company based in Guangzhou, China. It operates a diversified diversified (di·verˑ·s portfolio of media and marketing businesses in the southern China region including: outdoor advertising, TV programs, internet media and corporate marketing. It seeks to grow its business by acquiring and operating other complimentary media and advertising businesses across China. For information on the full range of businesses of Enjoy Media, please visit http://www.enjoymedia.com. Forward looking statement Certain information contained in these materials is "forward-looking" information, such as projections, estimates, pro formas As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma , or statements of intentions, expectations or plans. All forward-looking information is subject to known and unknown risks and uncertainties, many of which are outside of the control of the company. Consequently, actual results may, and probably will, differ materially from the results contemplated in such forward-looking information. |
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