China Media Group Corporation (OTCBB: CHMD)
China Media Group Corporation Announces the Successful Testing of the Beta Version of CTTYP Website
SAN ANTONIO, TX–(MARKET WIRE)–Nov 5, 2007 — China Media Group Corporation (”CMG”) announces today that it has completed the testing of the beta version of the China TieTong Communications Co., Ltd. Guangdong Branch (”Guangdong TieTong”) Yellow Page Online directory website: www.cttyp.com and will now move towards the planning and commercialization of the online operations. Mr. Con Unerkov, Chairman of China Media Group Corporation, stated, “There is tremendous growth potential in the online advertising and directory listing business in China, which has been evident by the high profile listing of the alibaba.com listing in Hong Kong. We have high hopes and expectations that with a recognizable brand name under the China Tietong Yellow Page directory, it will provide a market presence to draw advertisers to our website. Ultimately our aim is to build a directory listing that specializes in certain sectors to become web portals i.e. health portal and biz trading portals.”
Read full release here:
http://stockguru.com/profiles/chmd/news.php
Southridge Enterprises Inc. (OTCBB: SORD)
Southridge Announces Stock Repurchase Plan for up to $5 Million
DALLAS–(BUSINESS WIRE)–Southridge Enterprises, Inc. (OTCBB:SORD – News) (the “Company”) today announced that its Board of Directors has approved a stock repurchase plan. The repurchase of up to $5,000,000 of the Company’s common stock was authorized. Commenting, Alex Smid, the Company’s President said, “We are very pleased to announce this repurchase program and believe it benefits shareholders at a time when we believe the stock is undervalued and increasing future earnings per share by reducing the number of shares outstanding. This program reflects the Board of Directors’ continued confidence in the Company and commitment to enhance shareholder value. Our shareholders have and continue to be our most important asset and rewarding them is a high priority.
Read full release here:
http://stockguru.com/profiles/sord/news.php
StockGuru.com is owned and operated by Pentony Enterprises LLC, 9555 Lebanon Road, Suite 103, Frisco, Texas 75035. Telephone: (469) 252-3030. Web: StockGuru.com. Email: Publisher@stockguru.com. CHMD Disclosure: Pentony Enterprises LLC has been compensated 1,050,000 restricted 144 shares directly from the company for profile coverage. Pentony Enterprises is not a registered investment adviser or a broker/dealer. SORD Disclosure: Pentony Enterprises LLC has been compensated in the past ten thousand dollars directly from the company for profile coverage. Pentony Enterprises was compensated one hundred five thousand shares of stock by a non-controlling third party on 10/19/2007. Pentony Enterprises holds all compensated shares. 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.