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NewsBot Date: December 11, 2005 09:41:47 PM
CHMD China Media Group, DD, Message Board
China Media Group Corporation Announces Cooperation With DreamWorks Movie & TV Culture Media Co. Ltd. on Advertising in Hunan Province
China Media Group Corporation (OTC BB: CHMD) ("CMG") announces today that it has entered into a cooperation agreement with DreamWorks Movie & TV Culture Media Co. Ltd. ("DMCM") on developing the advertising market for Changsha, the capital of Hunan Province in China.
DMCM is advertising placement agency in the Province of Hunan. DMCM is an agent for Hunan Television and Hunan Satellite Television selling advertising airtime. Currently DMCM clients include Hunan Unicom, Baisha Group who are amongst the larger companies in China. DMCM sells outdoor advertising billboards in Changsha, in particular the highway between the airport and Changsha, a city with a population of over 6.0 million people. DMCM has a creative team to produce television commercials and designs for advertising billboards and campaigns.
In 2004 according to iResearch Consulting Group report, the adspent in Hunan Province was approximately US$147.4 million.
Mr. Xiao wei, general manager of DMCM stated, "We are thrilled to have the opportunity to work with China Media Group to develop health related advertising on the local television stations in Hunan. We believe with China Media Group's diversified international contacts, we should be able to attract overseas advertisers to Changsha and the surrounding cities. We are also excited to work with China Media Group's recently announced pending acquisition of Beijing Ren Ren on its national program promoting health education and awareness." DMCM currently offers advertising on outdoor billboards and television in Changsha, and design advertising campaigns and producing commercials for television.
Mr. Con Unerkov, Chairman of China Media Group stated, "The cooperation with DreamWorks Movie & TV Culture Media Co. Ltd. is another step towards building a nationwide advertising presence in China. We are excited to work with DMCM to leverage their advertising design and television commercial production for our other clients in China. Hunan is strategically located next to Guangdong Province and an ideal stepping stone to offer cross boarder advertising."
About DMCM:
DreamWorks Movie & TV Culture Media Co. Ltd. is a company incorporated in China with office in Changsha. DMCM currently offers advertising on outdoor billboards and television, and advertising design and television commercial production services. About Beijing Ren Ren:
China Media Group Corporation Announces Cooperation With Harbin Shengdong Advertising Co. Limited on Advertising in Harbin
China Media Group Corporation (OTC BB: CHMD) ("CMG") announces today that it has entered into a cooperation agreement with Harbin Shengdong Advertising Co. Limited ("Shengdong") on developing the advertising market in the Chinese city of Harbin utilizing the existing advertising resources of Shengdong.
Harbin has a population of about 9.7 million people and is the capital of Heilongjiang Province. It is located in the northeast coast of China. In 2004 according to iResearch Consulting Group report, the adspent in Heilongjiang province was approximately US$207 million.
Mr. Han Fu Yu, director of Shengdong, stated, "We are excited to have the opportunity to work with China Media Group to develop the advertising market in Harbin. With the acquisition of Beijing Ren Ren by China Media Group, we can work together to expand advertising to health industries including to the hospitals." Shengdong currently offers advertising outdoors, television, newspaper and magazine in Harbin.
Mr. Con Unerkov, Chairman of China Media Group, stated, "We view the cooperation with Shengdong as a strategic step towards building a nationwide advertising presence in China. Harbin is a prosperous coastal province and we are excited to work with Shengdong to develop the market in Harbin, and the other cities in Heilongjiang Province."
About Shendong:
Harbin Shengdong Advertising Co. Limited is a company incorporated in China with office in Harbin. Shengdong currently offers advertising outdoor, television, newspaper and magazine in the city of Harbin.
China Media Group Corporation Announces Appointment as Advertising Placement Agent at Beijing ChaoYang District, for Over 380 Outdoor Billboards/Signs
China Media Group Corporation (OTC BB: CHMD) ("CMG") announces today that it has been appointed by Beijing Ren Ren Health Culture Promotion Limited ("Beijing Ren Ren") as the advertising placement agent to bring in domestic and overseas advertisers for its advertising activities in China. The first task under this appointment is the Beijing ChaoYang District where Beijing Ren Ren has planned for 384 outdoor billboards/signs and to date, has received approval from for 87 outdoor billboards/signs from the Beijing Municipal Government. This is a significant first move by Beijing Ren Ren and the Company to realize the revenue potential of the outdoor billboard advertising.
Mr. Con Unerkov, Chairman of China Media Group, stated, "We are excited to have the opportunity to begin working with Beijing Ren Ren, prior to our completion of the acquisition of Good World Investments Limited, Beijing Ren Ren's holding company. Beijing ChaoYang District is our first high-profile location where majority of the foreign consulates and the 2008 Olympics sites are located. This is very high-profile district and the ideal first location for China Media Group to initiate the Great Wall of China Project. We view the initial current 87 placement locations more valuable as the Olympics approaches." Beijing ChaoYang District is approximately 470 sq km and has about 2.585 million residents. Details of the ChaoYang District can be found at http://bci.bjchy.gov.cn/
Beijing Ren Ren has been granted a nationwide advertising license in China covering the media of television, newspaper, magazine, outdoor billboards and internet, and through advertising these media, is working with the Chinese Government to promote health education and awareness under a national program called Great Wall of China Project. Mr. MEI Hong Bo, the Chief Executive of China Health Foundation, a government entity under the Ministry of Health of China, stated that, "Advertising in districts across China is an important part of the Great Wall of China's Program and this has started in Beijing ChaoYang District according to our planned activities. Advertising through billboards and signs in districts is the most effective method to communicate the Great Wall of China Project's messages. Beijing Ren Ren is responsible for the Great Wall of China Project and will start the advertising activities in the Beijing ChaoYang District."
Mr. Pui Kit Lam, Chairman of Beijing Ren Ren, stated, "We wanted to start our work with China Media Group on advertising and the campaign for the Great Wall of China Project. Beijing ChoaYang District is the first district and we expect to follow up with others in the future. This appointment reflects the cooperation with China Media Group, even after the acquisition, to bring contacts outside of China to further our objectives of creating health awareness through education."
China Media Group Corporation Enters Non-Binding Sale and Purchase Agreement for Good World Investments Limited
China Media Group Corporation (OTC BB: CHMD) announces that it has entered into a Non-Binding Agreement for the Sale and Purchase of Shares of Good World Investments Limited ("GWI") and a subscription of New Shares in the capital of CMG with Central High Limited representing 100% of the issued and outstanding shares of GWI in exchange for 50,000,000 new common CMG Shares to be issued to CHL.
CHL who is the registered holder and beneficial owner of 50,000 issued shares in the capital of GWI to be sold to CMG as part of the Purchase Agreement.
GWI has entered into a conditional agreement to acquire 50% of Beijing Ren Ren Health Culture Promotion Limited, which has been granted a nationwide advertising license in China covering the media of television, newspaper, magazine, outdoor billboards and internet, and through advertising these media, is working with the Chinese Government to promote health education and health awareness.
Mr. Con Unerkov, Chairman of China Media Group, stated, "We are thrilled and delighted to have the opportunity to participate in such an exciting company and project like Beijing Ren Ren Health Culture Promotion Limited. The Chinese economy is currently experiencing an exceptional amount of growth and is expected to continue in the lead-up to the Olympic Games and the World Expo in 2008 and 2010, respectively."
"China's advertising industry is currently ranked 3rd largest in the world and we believe it will become the 2nd largest within 5 years due to its economic growth and the 2008 Olympics held in Beijing. The media industry in China is more liberalized but remains the most restricted sector among China's various consumer industries."
According to ZenithOptimedia, China's total advertising growth is expected to compound annually at a rate of approximately 16% from 2004 to 2007. Moreover China's ad spent as a percentage of GDP is 0.56 which is lower than the average in Asia of 1.12, so there is tremendous growth ahead in the advertising sector.
Beijing Ren Ren has undertaken on behalf of the Chinese Government to manage the Great Wall of China Project -- a national program that promotes health education to the people of China. As part of the national project, Ren Ren has been allocated at least 3 outdoor signs/billboards in each city, and this represents thousands of signs for our company going forward. The outdoor billboard is a USD1.4 billion industry in 2004 and represents about 9% of the total advertising industry. As an indication of the size of potential, recently it was reported that two-year rights for 29 billboards along the outer district of Beijing city boosted municipal revenue by RMB26.5 million (or US$3.2 million)*. Mr. Unerkov added, "This means a tremendous amount of advertising work and potential revenue for our company for just the outdoor media alone; we still have the television, newspaper, magazines and Internet to work on."
In addition to the above outdoor billboards, Ren Ren has also been given the right to advertise inside and outside of hospitals in China. This gives a strategic platform to work with pharmaceutical companies and health organizations to advertise health education, awareness, and disease prevention. In 2003, advertising for medication, medical services and medical appliances represented about 12%, 5% and 3% respectively, of the total advertising revenue spend for that year. This represented in aggregate of about 20% of the total advertising revenue. Ren Ren is positioned to capture some of the increases in advertising spending in this health and medical sector as advertising industry in general increases.
"The contract also contains provisions for Ren Ren to advertise in residential estates. In China, each residential estate has an advertising board. Ren Ren has the right to put up advertising signs on these boards to reach the masses."
"We look forward to the completion of the transaction and to raise capital necessary to undertake the advertising programs above with Ren Ren and its associates in promoting advertising for health education in China."
Mr. Pui Kit Lam, Chairman of Beijing Ren Ren stated, "We are delighted to work with China Media Group on the Great Wall of China project. China Media Group will bring invaluable contacts outside of China to further our objectives of creating health awareness through education. What better way than advertising through the various media in China. We look forward to completion of the transaction and to work with quality people that make up China Media Group."
About Good World Investments Limited and Beijing Ren Ren:
Good World Investments Limited is a holding company that has agreed to acquire 50% of Beijing Ren Ren Health Culture Promotion Limited.
Beijing Ren Ren Health Culture Promotion Limited is a company incorporated in China with offices in Beijing. Beijing Ren Ren has been granted a nationwide license in China covering the media of television, newspaper, magazine, outdoor billboards and internet, and through advertising these media, is working with the Chinese Government to promote health education. Beijing Ren Ren has undertaken the Great Wall of China project, a national program, to promote heath education in China.
China Media Group Corporation Enters Non-Binding Sale and Purchase Agreement for Cody Ventures Corporation
China Media Group Corporation (OTC BB: CHMD) announces that it has entered into a Non-Binding Agreement for the Sale and Purchase of Shares of Cody Ventures Corporation ("CVC") and a subscription of New Shares in the capital of China Media Group Corporation ("CHMD") with Central High Limited ("CHL"), whereby CHMD will acquire 50,000,000 common representing 52.1% of the issued and outstanding shares of CVC in exchange for 30,000,000 new common CMG Subscription Shares to be issued to CHL.
Under the agreement CHL will sell 50,000,000 issued shares in the capital of CVC to CMG.
CVC is an advertising and publishing company, operating a unique weekly publication called Tidbits in Southwest Dallas County, Texas. CVC has published and distributed 41,000 copies weekly to over 900 locations for 142 consecutive weeks. CVC is quoted on the US Pink Sheet market under the symbol CDYV (or alternatively "CDYV.PK").
Mr. Con Unerkov, Chairman of China Media Group, stated, "We are delighted to have the opportunity to participate in such an exciting company like Cody Ventures Corporation. The company has been in operation since July 2000 and is a highly respected publication within its area of distribution."
"The company provides us with an existing captive customer base to work with in North America as we embark on our aggressive expansion plans and is part of our overall strategy to enter the North American region. Our aim is to expand CVC to build on its current business and also to strategically position itself to secure advertising for North American brands trying to enter the China market and conversely for Chinese companies wishing to promote themselves to North American markets. The Wall Street Journal reported on September 23, 2005 that 30% of all advertising money spent in China came from foreign companies."
Mr. Unerkov added, "We look forward to the completion of the transaction and to the enhanced relationship with the quality people that make up CVC."
Mrs. Tarja Mees, CEO of Cody Ventures Corporation, stated, "We are excited to have this relationship to grow with a globally minded company like China Media Group Corporation, which will help us to facilitate our expansion plan for our Tidbits Publication throughout the State of Texas and beyond."
About Cody Ventures Corporation:
Cody Ventures Corporation is an advertising, printing and publishing Company specializing in providing Texas communities with a unique free weekly trivia and advertising publication called Tidbits. The Company's initial Tidbits publication will be used as a template for the company's expansion; Tidbits has 142 consecutive weekly issues in print, and has been wildly accepted within its distribution area. Our readers appreciate all of the fun and interesting trivia and puzzles that the publication provides, and our advertisers are provided a perfect medium to be seen by interested readers. Cody's weekly Tidbits editions can be viewed on the Company's website at http://www.tidbitstexas.com
Additional information concerning other areas and topics of Cody Ventures Corporation can be found on our web site at http://www.codyventures.com
About China Media Group Corporation:
China Media Group Corporation (OTC BB: CHMD) is a "Next Generation" advertising / media company focusing on the very lucrative Chinese market. It has offices in China, Hong Kong and Texas, USA. The company was incorporated in Texas on October 1, 2002. The Company is currently entering the fast growing advertising industry in China and plans to expand its offices in key cities such as Beijing, Shanghai, Guangzhou and Shenzhen. The Company will also cooperate with strategic partners in other cities to serve our clients for nationwide advertising coverage.
Additional information concerning other areas and topics of China Media Group can be found on our web site at http://www.chinamediagroup.net
A number of statements contained in this Report are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Certain written statements in this press release constitute "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. Words or phrases such as "should result," "are expected to," "we anticipate," "we estimate," "we project," "we intend," or similar expressions are intended to identify forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statements. These risks and uncertainties include demand for our services, product development, our ability to maintain acceptable margins and control costs, the impact of federal, state and local regulatory requirements on our business, the impact of competition and the uncertainty of economic conditions in general, including the timely development and market acceptance of products, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements, since the statements speak only as of the date that they are made, and we undertake no obligation to publicly update these statements based on events that may occur after the date of this document.
