BEIJING, Sept. 10 /Xinhua-PRNewswire-FirstCall/ -- Greater China Media & Entertainment Corporation (OTC Bulletin Board: GCME) (GCME), an integrated professional media and entertainment company, announced that it has signed a distribution agreement with Beijing Asian Union HaoGe Media & Culture Company Limited (HaoGe), giving HaoGe the permanent and exclusive right to distribute GCME's movie 'Tough Guy' within China, excluding Hong Kong, Macau and Taiwan, via Pay TV, Free TV and Pay-Per-View and online distribution. The agreement is valued at one million Chinese RMB (approximately US $133,333).
HaoGe is a subsidiary of Asian Union New Media Limited, a dominant media group engaged in producing TV dramas and movies. Recent statistics show that China has more than 300 million TV viewers and one billion potential TV viewers, in addition to more than 100 million netizens, or people who are actively involved in online communities.
"Partnering with HaoGe will enable us to tap into the expansive TV and online audience in China, resulting in a wider potential pool of viewers," stated Jake Wei, Chairman and CEO of Greater China Media and Entertainment Corporation. "The distribution agreement is also a testament to the caliber of our productions, and is indicative of the movie industry's confidence in our projects. We look forward to a productive relationship with an invaluable partner."
About Greater China Media and Entertainment Corporation:
Greater China Media & Entertainment Corp. is an integrated professional media and entertainment company covering various areas including film and TV program 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, and sales and advertising agency 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:
In June 2006, GCME signed and closed an Acquisition Agreement with Triumph Research Limited, which is a BVI company and party to a Joint Venture Agreement with Beijing Tangde International Film and Culture Co., Ltd. (Tangde), a Chinese company focused on producing TV programming and movies. The Company's public relations, media strategy, consulting and event management joint venture, Beijing Racemind HuaDing International Marketing Consultants Limited (Racemind HuaDing) was organized in 2006 and approved for business by the Beijing Administration for Industry in May 2007. The Company also signed an agreement with Beijing Star King Talent Agency to form a joint venture to carry on business as a talent agency.
Recent milestones:
Movie and television series production and distribution
-- Promoted the film 'Tough Guy' at the 2007 China International Film &
TV Programs Exhibition.
-- Signed a production and distribution deal with Mega Vision
Productions Limited for the new 'Tough Guy' movie.
-- Took delivery of 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.
Racemind HuaDing:
-- Provided public relations services for the 2007 Asia-Pacific Robot
Contest sponsored by CCTV, China's national television network.
-- Designed and produced "Environmental Protection Park Green Law and
Service Brochure" for Beijing ShiChuang Environmental Protection
Development Co., Ltd.
-- Organized Siemens' "CRH3" project and its "Chinese Solutions for
Offshore Shipbuilding Oil and Gas Press Briefing" press release.
-- Organized Johnson & Johnson "Family Event".
-- Selected by Microsoft China as an approved public relations vendor and
arranged conferences, new product press releases and events.
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; developments of the Chinese and North American markets and changes in regulatory matters; our business strategies and future plans of operations; the market acceptance and amount of sales of our products and services; our historical losses; the competitive environment within 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 due to several important factors.
