China Media Group Stock Guru Profile CHMD.OB
CHMD: In 1803 Napoleon Bonaparte said, “China is a sleeping giant and when she awakes she shall astonish the world.”
On June 20, 2007, CHMD’s subsidiary company, Beijing Ren Ren Health Culture Promotion Limited, signed an agreement with Harbin Shengdong Decoration Advertising Ltd. to establish a new joint venture company with a focus on outdoor advertising in the city of Harbin (Heilongjiang Province).
I think locating in China’s underdeveloped provinces at this time is a smart move and Harbin is in the heart of this underdeveloped geographical location. Harbin is about to undergo radical change with China’s State Council targeting Harbin for growth.
This is Harbin now:
This city will expand immensely with China behind the growth mandate.
I think CHMD has demonstrated a keen understanding of what growth can mean for a province targeted in China. By entering the media market in Northeast China now, CHMD can become established as growth comes to Harbin — as it has come to so many of the great cities of China through the supervised relocation and expansion of the Chinese government.
Harbin is home to China’s old industrial bases and with the endorsement of a long-awaited plan from the Chinese State Council, Harbin will rise again. The plan recently passed by the State Council envisages the region as an equipment manufacturing base, with international competitiveness, a base for new raw material and energy, for commercial grain and agricultural products, and stock breeding production, according to a posting on the official website of the central government, www.gov.cn .
Harbin was once a powerhouse, contributing significantly after the founding of New China. Today, they have turned into a rust belt following the country’s move to a market economy. As the outmoded system adopted by State-owned enterprises and backward industrial technology fell out of step with the rest of China, the region began to lag far behind the coastal areas.
NOW the State Council’s deliberate revitalization was initiated in 2003, and their plan has only recently been released which includes tax exemptions and pension reform.
Russia will play a large role in Harbin’s revitalization. In 2006, trade with Russia accounted for 52 percent of the province’s total foreign trade volume and 20 percent of total China-Russia trade. For many years, Heilongjiang has been one of the leading provinces in China in terms of Sino-Russian trade.
Northeast China province has actively explored new markets in the Democratic People’s Republic of Korea, Mongolia, the ASEAN countries, the Middle East, South America and Africa. The province currently has trade ties with 210 countries and regions.
The province’s economic development zones and parks have been the major force in its foreign-oriented economy. During the past five years, the zones and parks have realized a total foreign trade volume of $8 billion and attracted $1.18 billion worth of foreign investment.
Fifteen years ago Guiyang looked much like Harbin does now. Witness Guiyang 2007:
This immense growth could quite easily take place in Harbin with the State Council behind the growth machine.
I believe that CHMD, by locating in Harbin NOW, is targeting an area that may well expand beyond all recognition in the next ten years.
CHMD’s agreement with the Chinese Government, pursuant to the United Nations’ Millennium Development Goals Program, named this project The Great Wall of China Project, which provides them the potential to grow exponentially and build and retain strong media interests when this contract expires in 2015.
Source: China Media Group and China Daily
CHMD recently filed a Prospectus Agreement today. Link Here.
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.
Disclosure: Pentony Enterprises LLC has been compensated 1,050,000 restricted 144 shares, shares directly from the company for profile coverage. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
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