- Reflects Additional Focus on Mobile Media Industry - BEIJING, Jan. 4 /PRNewswire-FirstCall/ -- China Mobile Media Technology Inc. (formerly Hi-Tech Wealth Inc. (OTC:HITW) (BULLETIN BOARD: HITW) ), a consumer sales and marketing company engaged in the development and distribution of proprietary and branded digital mobile devices in the People's Republic of China, today announced that it has effected a corporate name change, and, effective December 27, 2007, the Company's stock began trading under the new ticker symbol "CHMO.OB." "We changed our name to China Mobile Media Technology to reflect our growing focus on China's exciting mobile media industry. With our proven experience in branded digital mobile devices and our multi-channel sales and marketing efforts, we believe there are opportunities to add new services to complement our existing strengths. For example, some of these new products and services include our digital TV mobile phone as well as the pending launch of direct shopping services on television, which we look forward to discussing more in the near future," stated Dr. ZhengYu Zhang, Chief Executive Officer and Chairman of China Mobile Media Technology. About China Mobile Media Technology Inc. China Mobile Media Technology Inc. is an integrated, multi-channel consumer sales and marketing company. China Mobile Media Technology Inc. engages in the development and distribution of proprietary and branded digital mobile devices via direct response TV, internet sales, and through more than 1000 exclusive distributors throughout the PRC. Learn more about China Mobile Media Technology Inc. at http://www.htwchina.com/. Certain of the statements made herein constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time. DATASOURCE: China Mobile Media Technology Inc. CONTACT: Ashley Ammon MacFarlane or Bill Zima, +1-203-682-8200 (Investor Relations), both of Integrated Corporate Relations, Inc., for China Mobile Media Technology Web site: http://www.htwchina.com/

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