China Global Media, Inc. Announces the Addition of Two New Members to Its Board of Directors
31 December 2011 - 12:30AM
Marketwired
China Global Media, Inc. (OTCBB: CGLO) is pleased to announce that
two new members, Ms. Min Yang and Mr. Bingchuan Xiao, have joined
its board of directors.
Ms. Min Yang was appointed to the Board of Directors on December
12, 2011 accompanying her investment of $1.44 million U.S. dollars
in the Company. Ms. Yang, age 42, has been the chairman of board of
Changsha Yilong Department Store and the director of Hunan
Zhongdian Yijia Smart Household Technology Co., Ltd. since 1995.
From 1990 to 1995, she worked in Industry and Commerce Bank of
China Changsha Branch. She graduated from Zhongnan University of
Economics with a degree in Applied Mathematics. Ms. Yang is a
highly successful and reputable business woman in media and retail
markets in Hunan Province.
Mr. Bingchuan Xiao was also appointed the Board Director on
December 12, 2011. He is qualified as an "Independent Director."
Mr. Xiao, age 51, has been working as the deputy general manager of
Beijing Fortune Capital Management Co., Ltd since February 2010.
From November 2008 to January 2010, he worked as a Director of
China Infrastructure Construction Corporation, an OTCBB listed
company. From May 2007 to October 2008, he worked as the deputy
general manager of Beijing Xing Yu Qing Technical Trading Company.
From May 2001 to April 2007, he acted as the consultant and
representative of SOS Kinderdorf International in China. From
October 1993 to April 2001, he worked as the deputy general manager
of Jiangsu Nanbei Industrial & Trading Company. From August
1983 to April 1990, he worked as a senior interpreter at the
Ministry of Foreign Affairs of China. Mr. Xiao graduated from
Guangzhou Institute of Foreign Languages with a Degree of Bachelor
of Arts in English Literature and linguistics in 1983.
"We are excited that Ms. Yang and Mr. Xiao joined our board of
directors," commented Mr. Guolin Yang, the President and Chief
Executive Officer of the Company. "They will not only contribute to
improving our corporate governance, but also assist us to achieve
more rapid business growth."
Upon Ms. Yang and Mr. Xiao's joining the board, the Company's
board of directors consists of five members, including Guolin Yang,
Jun Liang, Hongdong Xu, Min Yang and Bingchuan Xiao.
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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