China Global Media, Inc. Announces $2.5 Million Television Agreement
January 09 2012 - 5:00AM
Marketwired
China Global Media, Inc. (OTCBB: CGLO) is pleased to announce that
Changsha Zhongte Trade Advertising Co., Ltd ("Zhongte"), one of
CGLO's affiliated operating entities, has entered a one-year
Television Advertisement Agreement with Guangzhou Aoda Biological
Beauty and Health Technology Development Co., Ltd ("Aoda"). The
total advertising fee that the Company will receive is
approximately US $2.5 million that will be recognized in the 2012
fiscal year.
Under this Television Advertisement Agreement with Aoda ("Aoda
Agreement"), Zhongte will act as Aoda's advertising agent to
publish advertisements for Aoda's products on Hunan Satellite
Television Channel, one of the most popular province level
satellite television channels in China.
About China Global Media, Inc.
China Global Media, Inc. (OTCBB: CGLO) mainly engages in the
business of advertisement and brand name development in China,
especially in Hunan Province and other southern Chinese provinces.
It carries out business operations through its Hong Kong subsidiary
Phoenix International (China) Limited, its Chinese subsidiary Hunan
Beiwei International Media Consulting Co., Ltd, and, by contractual
arrangement, its three affiliated operating entities including
Changsha North Latitude 30 Cultural Communications Co., Ltd.,
Changsha Beichen Cultural Communications Co., Ltd. and Changsha
Zhongte Trade Advertising Co., Ltd. Additional information about
China Global Media, Inc. can be found on the web at
www.cnbwi.net.
Safe Harbor Statement
Certain of the statements made in this press release constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 27E of the Securities Act of
1934. Such forward-looking statements involve known and unknown
risks, uncertainties and other unknown factors that could cause
China Global Media, Inc.'s actual results to be materially
different from the historical results or from any future results
expressed or implied by such forward-looking statements. Statements
contained in this release that are not historical facts may be
deemed to be forward-looking statements. In addition to statements
that explicitly describe such risks and uncertainties, readers are
urged to consider statements labeled with the terms "believes,"
"belief," "intends," "anticipates" or "plans" to be uncertain and
forward-looking. Additional risks that could affect our future
operating results are more fully described in our United States
Securities and Exchange Commission filings including our 8K dated
July 22, 2011, and other recent filings. These filings are
available at www.sec.gov. The Company does not intend to update any
of the forward-looking statements after the date of this release to
conform these statements to actual results or to changes in its
expectations, except as may be required by law.
Investor Relations Contact: Jun Liang Chief Financial Officer,
Chief Strategic Officer 25-26F Wanxiang Enterprise Building No.70
Station North Road Changsha, Hunan Province China, Postal Code:
410001 Phone: +86-731-89970899 Email Contact www.cnbwi.net
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