BEIJING, April 26 /Xinhua-PRNewswire/ -- K's Media (the Company, OTC Bulletin Board: KVME), a publicly traded company specializing in media and advertising, announces that it has reserved an initial start-up capital of HK $10,000,000 (approximately US $1,280,000) to get the KTV project rolling.
The Company has recently completed an acquisition which transferred it from the mineral exploration into the media and advertising sector. It has reserved US $1,280,000 to implement a media and advertising project which will place premium brand advertising intended to capture the attention of high income consumers in KTV night clubs in China.
"Traditional media channels can be costly and less efficient. In contrast, advertising in KTV clubs is an innovative and unique approach that could prove to be one of the most effective advertising methods available. Ad viewers are more easily impressed by information they are receiving when they are in a relaxing and enjoyable environment," stated Yan Zhuang, CEO and Director of K's Media. "We have an exceptional team, resources, and knowledge of the industry. Our services have commercial potential and foreseeable profits. With this capital, we will be able to turn our ideas into great value for our shareholders."
For more information please visit SEC www.sec.gov or the Company's website at http://www.mediaks.cn
About the Company:
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 industry to media and advertising market.
K's Media targets premium brands advertisers by placing their commercials in KTV night clubs in China. Attempts to reach high-end consumers through traditional advertising channels with powerful and visually appealing presentations can be costly and less efficient. Placing ads in KTV night clubs is an innovative and unique way that could prove to be one of the most effective methods available. KTV night clubs are popular places in Asia that provide private rooms containing karaoke singing systems. Regular consumers go there as a group for entertainment or business purposes. Advertising on KTV screens offers a more impressive and influential way to target top income earners.
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.
