China Global Media, Inc. Announces US $2.5 Million Television Advertisement Agreement
12 March 2012 - 10:30PM
Marketwired
China Global Media, Inc.'s (OTCBB: CGLO) affiliated operating
company Changsha Zhongte Trade Advertising Co., Ltd has signed an
advertisement agreement with Jiangxi Hezhong Guanghua International
Media and Advertising Co., Ltd ("Hezhong Guanghua"). Under this
agreement, Zhongte will place advertisements for Bidewen electric
bikes and scooters, one of the products represented by Hezhong
Guanghua, on Hunan Satellite Television Channel. The term of the
agreement is One Year. The total advertisement fee under this
agreement is approximately US $2.5 Million.
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: Email Contact
www.cnbwi.net
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