BEIJING, April 24 /Xinhua-PRNewswire/ -- Kinglake resources, Inc. (OTC Bulletin Board: KGLK, "KGLK"), a publicly traded company specializing in media and advertising activities, has changed its name to "K's Media" and has been assigned a new symbol "KVME", effective March 26, 2008. The Company has also launched an official website: http://www.mediaks.cn .
Started in 2007, K's Media aims to become one of the most valuable media companies in China providing its advertisers with an efficient and all-inclusive channel to reach their consumers.
"The new name "K's Media" better reflects our current business, which is placing commercials for premium brands in KTV night clubs in China. Investors can now get access to the most up-to-date and comprehensive information about K's Media by visiting us at www.mediaks.cn." remarked Yan Zhuang, CEO of the Company. "I'm confident our valued advertisers will be impressed by what they experience with our sustainable and highly efficient media system. Their satisfaction will lead to even more advertising contracts."
For more information please go to SEC at http://www.sec.gov
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.
