BEIJING, May 23 /Xinhua-PRNewswire/ -- Greater China Media & Entertainment Corporation (OTC Bulletin Board: GCME), an integrated professional media and entertainment company, announced that Beijing HuaDing Century International Cultural Limited Corp. ("Beijing HuaDing"), a local Chinese company whose 70% interest is owned by an affiliate of GCME, has started shooting "Rose Thorn", a 24 episode TV series in Beijing.
Mr. LiChun Li, a prominent Taiwanese actor who rose to fame on stage, Mr. Qian Cheng, actor and host of China’s popular TV program "Zheng Da Zong Yi" and Ms. Bowie Tsang, also from Taiwan and best known for her singing and acting talents, will all appear on "Rose Thorn". "Rose Thorn" is a comedy/drama that focuses on how a brother and sister help others find solutions to family problems. The approach is both fun and touching and underscores the interconnectedness among family members.
"In contrast to the current Chinese family dramas that are full of divorces, fights and tragedy, "Rose Thorn" will bring a breath of fresh air to the audience," stated Jake Wei, CEO of the Company. "This TV show is a groundbreaking comedy/dramatic series with an amazing cast. We are extremely pleased to be able to collaborate with the crew on this project and are confident that this show will receive critical acclaim."
About Greater China Media and Entertainment Corporation:
Greater China Media & Entertainment Corp. ("GCME" or the "Company") is an integrated professional media and entertainment company covering various areas including film and TV production, management, promotion and distribution. The Company maintains its own film and television production center, promotion agency, audio-visual distribution company, digital network company, talent agency, as well as sales and advertising agencies acquired as a result of recent joint ventures. With its broad range of media and entertainment talents, the Company is capable of making films, TV programs and related projects on a large scale.
Joint Ventures and Affiliated Entity:
In 2006, the Company formed a joint venture with Beijing Racemind HuaDing International Marketing Consultants Limited (Racemind). Racemind specializes in public relations, media strategy, consulting and event management services.
The Company signed an agreement with Beijing Star King Talent Agency to form a joint venture to carry on business as a talent agency. This joint venture is in process.
In March 2008, the Company obtained control of a local Chinese company called Beijing HuaDing Century International Cultural Limited Corp. ("Beijing HuaDing") to produce movies and TV series.
Milestones:
Movie and TV production and distribution:
-- GCME signed a trust agreement with Beijing Jin Ying Xiang Media
Culture Limited Corp. to produce 'Rose Thorn', a 24-episode TV
series.
-- GCME-signed stars appear in the 'Invincible' TV series.
-- GCME closed a first round of private placement for US $1.6 million.
-- Signed a production and distribution deal with Mega Vision
Productions Limited for the new movie 'Tough Guy.'
-- Delivered its first script for its 'True Love' television
series to be directed by famed director Wong Jing.
-- Signed a production and distribution deal for its 'Poor Dad, Rich
Dad' television series with HuaYi Union Cultural Media Investment
Company Limited. The series recently finished shooting.
Racemind HuaDing
-- Released 2007 Chinese Film Industry Overview.
-- Released Contracts Achievement for January, February, March and April
2008.
-- Signed service agreement with Siemens Ltd., China's Transportation
Systems group.
-- Organized the 10th Anniversary Ceremony of Siemens Management
Institute.
-- Selected by Microsoft China as an approved public relations vendor.
For more information, please visit the Company website at http://www.greaterchinamedia.com .
Forward-looking statements:
This report contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this report are forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors; changes and developments in the Chinese and North American markets as well as changes in regulatory matters; our business strategies and future operation plans; market acceptance and volume of sales of our products and services; our historical losses; the competitive environment in the industries in which we compete; and our ability to raise additional capital, currently needed for expansion. The Company cautions that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
