BEIJING, Oct. 15 /Xinhua-PRNewswire/ -- K's Media (the "Company") (OTC Bulletin Board: KVME), a company engaged in specialized media and advertising activities in China, announced today that Jason NanChun Jiang, founder and Chairman of Focus Media has become K's Media's shareholder.
Jason NanChun Jiang, through its wholly owned subsidiary, JJ Media Investment Holding Limited ("JJ Media"), has acquired 600,000 shares of K's Media and become K's Media's shareholder.
Jason NanChun Jiang is founder and chairman of Focus Media, China's largest Digital Media Group. Focus Media provides a broad portfolio of out-of-home media advertising platforms in China. In December 2003, Mr. Jiang was selected by China News Publishers Media magazine as one of the "Media People of the Year". In September 2003, Mr. Jiang was selected by the Television and Newspaper Committees of the China Advertising Commission as one of its "contemporary outstanding advertising media personalities".
"I am glad that we have attracted investors like Mr. Jiang to become our shareholders. Recently, K's Media has successfully held two Press Release Conferences, one in Shanghai, the other in Beijing, to introduce our business model to the advertising industry in China. Companies of world-class premium brands, such as Bentley, Mercedes-Benz, Air China and many Association of Accredited Advertising Agencies (4A's) companies such as Dentsu Incorporated, Optimum Media Direction (OMD), HeartLand Advertising, Carat, Kinetic had attended our conferences. We've received many positive feedbacks. As our total number of screens has rapidly increased to over 15,000 in October, we have already built up a preliminary platform in major metropolitan cities like Beijing, Shanghai, Guangzhou and Shenzhen. We will contact advertising clients through our in-house sales team and advertising agencies", said Jake Wei, CFO of the Company.
About the Company:
The Company targets premium brand advertisers by placing their commercials in KTV lounges in China. Attempts to reach high-end consumers through traditional advertising channels with powerful and visually appealing presentations may be costly and inefficient. The Company believes that placing ads in KTV lounges is both innovative and unique and could prove to be a highly effective method of advertising. KTV lounges are popular in Asia, providing private rooms with karaoke systems, which are used for group entertainment or business purposes. The Company believes that advertising on KTV screens offers an impressive and influential way to target high-end consumers.
On January 18, 2008, the Company completed a Share Exchange Agreement with Orient Come Holdings Ltd. and Beijing K's Media Advertising Ltd. Co., which transferred the Company from mineral exploration to the media and advertising market.
Forward-looking Statements:
Certain statements made in this press release are "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. Such forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company's actual results, performance or achievements, or industry results, to differ materially from any future results, performance, or achievements implied by such forward-looking statements. Statements in this press release that are forward-looking statements are based largely on our current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, short-term and long-term business operations, and objectives and financial needs. Actual results may differ materially from expected results including with respect to the following factors: correct measurement and identification of factors affecting the Company's business or the extent of their likely impact, the accuracy and completeness of the publicly available information with respect to the factors upon which the Company's business plan is based or the success of its business strategy, including, but not limited to, the availability of financing on acceptable terms necessary to continue the deployment of the Company's advertising network, acquisitions of necessary devices in the markets in which the Company intends to deploy its advertising systems, and the impact of rules and regulations promulgated by regulatory agencies in the countries in which the Company operates. The Company undertakes no obligation to update or revise any forward-looking statements, either to reflect new developments, or for any other reason, except as required by law.
