China Media Group StockGuru Profile CHMD.OB
Looks like CHMD has found a way to harness their contract with the nation of China to establish a permanent media presence throughout the entire nation of China — with more than 1.25 billion people.
CHMD: China Media Group is doing a whole lot more than selling advertising to pharmaceutical companies, although that’s a great source of revenue. They are accumulating strong and durable interests in media in China, which is on the cusp of the greatest population migration from rural to urban settings the world has ever experienced! This means they are advertising to one fifth of the world’s population.
They’ve got two dynamic media agreements that extend long beyond their advertising contract with the nation of China. It looks like they intend to come out of this contractual period to advertise health care educational issues for China with a durable media machine standing.
China Media Group Corporation, through its subsidiary Beijing Ren Ren Health Culture Promotion Limited (”BRR”), has signed two agreements which represent how it intends to move forward in a growth mode that includes joint venture agreements to deliver their message and return revenue.
These agreements reflect a shrewd business plan to leave CHMD strongly embedded in Chinese advertising, after their contract with the nation of China for advertising public health issues expires.
CHMD has the authority to sell advertising to support the public health messages it is contracted to deliver … which is another source of revenue and there is no shortage of pharmaceutical companies to sell advertising to operations in China… in fact they have double representation with Western medicine being practiced side by side with traditional Chinese remedies throughout the country.
Two agreements exist: one with an outdoor advertising company in Harbin and a second with a 25% interest in a digital television channel in Hunan.
First Agreement Heilongjiang Province
The agreement with Harbin Shengdong Decoration Advertising Ltd (”Harbin Shengdong”) established a new joint venture company (”New JV”) with a focus on outdoor advertising in the city of Harbin (Heilongjiang Province). This decision builds on existing advertising strengths of Harbin Shendong and delivers revenue to CHMD in return through advertising support health care messages.
Second Agreement Hunan Province
And let’s not forget, on July 17, they filed an 8K for a Stock Right Transfer Agreement with the shareholders of Conwood Industrial Limited (”CIL”) to acquire 70% of the issued and outstanding shares of CIL, a registered in Hong Kong, which owns 49% of a joint venture company in China that owns and operates a microwave network in Hunan province and has a 25% interest in a digital television channel.
Hunan is one of the most heavily populated provinces in China.
Both parties have reached an agreement in which BRR will invest RMB300,000 (representing 60% of registered capital) and Harbin Shengdong will invest RMB200,000 (representing 40% of the registered capital). All the existing business and assets, excluding any liabilities, of Harbin Shengdong will be transferred to the New JV at a price to be agreed upon by both parties.
CHMD is selling ads on these informational billboards and pharmaceutical companies are interested in these prime locations.
Source: China Media Group
China Media Group Corporation
9901 I.H. 10 West, Suite 800
San Antonio, TX, 78230
Hong Kong Office
1803 Chinachem Tower
34-37 Connaught Road, Central
Hong Kong, China
Phone: +852 3171 1209 ext 222
General Information: info@chinamediagroup.net
Investor Relations: ir@chinamediagroup.net
Website: http://www.chinamediagroup.net
Forward Looking Statement: This release contains forward-looking statements that involve a number of risks and uncertainties. These forward-looking statements contain words such as “expects,” “believes,” “anticipates” and “intends.” Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, economic conditions affecting the B2B environment; continued ability to obtain hardware, software and peripherals at competitive costs; the company’s ability to finance its planned expansion efforts; the company’s ability to manage its planned growth; and changes in regulations affecting the company’s business and such other risks disclosed from time to time in the company’s reports filed with the Securities and Exchange Commission. The company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in management’s expectations, except as required by law.
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