China Media Group StockGuru Profile CHMD.OB
China’s advertising market has exploded. From not even being on the global radar screen a few years ago, it hit US$6 billion in 2006, and overtook South Korea the year before to become second in Asia only to Japan. Advertisers in the first three months of this year spent almost 40% more than a year earlier, according to ACNielsen Media International.
CHMD is licensed to take its message inside hospitals. Foreign companies already in China in health-care have a strong interest in advertising particularly when associated with a healthcare message and INSIDE a hospital.
China had 60,400 hospitals in 2005, with a total of 3.4M hospital beds. In addition there were 207,000 medical clinics.
Pharmaceutical companies have a keen interest in reaching these patients and CHMD has a license to advertise in every hospital in China — something no other entity has in China.
CHINA MEDIA GROUP CORPORATION 8-K Link Here.
Source: China Media Group, AC Nieslsen, and Economist Intelligence Unit
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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