China Digital Media
Corporation
Rapid Growth Alert |
|
Symbol: |
CDGT |
| 52 Week
Range |
0.20 - 11.00 |
| Shares
Float: |
25,000,000 |
| Current
Cost: |
$3.50 |
| 12
Mo.Target Cost |
$16.00 |
| Growth
Rating |
High |
|
Breaking News Alerts!
Big
News Expected Out Wednesday
July 13th
PR Newswire (Wed 8:00am)
China Digital Media Corporation Announces an Acquisition of a Media
And Advertising Agent in China
HONG KONG, July 13 /Xinhua-PRNewswire-FirstCall/ -- China Digital
Media Corporation (''Digimedia'') (OTC:
CDGT -
News; OTC
Bulletin Board:
CDGT - News)
with its subsidiaries (together the ''Group'') announced today that
the Group signed a Shares Transfer Agreement (the ''Agreement'') to
acquire an advertising sales agent, Guangdong M-Rider Media Company
Limited (''Guangdong M-Rider''), a limited company registered in
Guangdong in the Peoples Republic of China. The principal operating
activities of Guangdong M-Rider are in design, production and
distribution of advertisements through television channels.
Guangdong M-Rider is one of the top five reputed advertising agents
in the Guangdong province and is currently a sole advertising
distributor for a number of television channels in Guangdong
Province and in Guangzhou city.
CORPORATE PROFILE
:
China Digital Media Corporation (OTC Bulletin Board:
CDGT -
News) focuses
its business in three main areas: Cable TV Operations, Programs
Production and Advertising Sales. Arcotect Technology (GZ) Limited,
a wholly owned subsidiary of CDGT in China, is the sole contractor
and operator of digital television services in Nanhai, a city with
400,000 cable TV subscribers. The service could offer more than 800
digital channels of pay TV programs and value added multimedia
services. The Group is seeking to establish similar model elsewhere
in China. The Group entered into the strategic alliance with
Guangdong HuaGuang Digimedia Culture
.
About Guangdong M-Rider Media Company Limited
Guangdong M-Rider is a limited company registered in Guangdong in
the Peoples Republic of China with a registered capital of
RMB5,000,000. The principal operating activities are in design,
production and distribution of advertisement through television
channels in which the company is currently a sole advertising
distributor for a number of television channels in Guangdong
Province and in Guangzhou city. The management of Guangdong M-Rider
has over ten years operating experience in the advertising industry
in which they have built a valuable business relationship with over
100 international and domestic advertising agencies, renowned
international and domestic clients, and television channels
operators. They are one of the top five reputed advertising agents
in Guangdong Province.
Certain information contained in these materials is
"forward-looking" information, such as projections, estimates, pro
formas, or statements of intentions, expectations or plans. All
forward-looking information is subject to known and unknown risks
and uncertainties, many of which are outside of the control of the
company. Consequently, actual results may, and probably will, differ
materially from the results contemplated in such forward-looking
information
CDGT is
getting ready to break out. We recommend this as a VERY strong buy.
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