MISSISSAUGA, Ontario, May 6, 2005 (PRIMEZONE) -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article by Glenn Wilkins, an AllPennyStocks.com News Reporter, this one discussing China Media1 Corp. (OTCBB:CMDA), its industry and future prospects.
Wilkins notes that one company already making inroads in this still largely untapped country (China) is Irvine, California-based China Media1, a company that began life in the summer of 2002 as Nevada-based Eagle River Mining, a gold prospecting company (which, incidentally, still holds the rights to extensive property in northern British Columbia). Company literature declares that China Media1 "acts as an effective platform between investors, ad agencies the Chinese Government, and other media bodies." The company has contacts with the subway system in the city of Guangzhou, the international airport, as well as the railway group that facilitates business development in Greater China.
Wilkins also points out that those conquests have included 50 additional light boxes at the Baiyun International Airport in Guangzhou. In early May, the company won a contract from the Dongjun Plaza, a Class A office building in downtown Guangzhou. In April, Chi Shang Ling Yue Advertising signed a one-year deal with China Media1 to buy 30 of those boxes for $6.25 Million, with Cai's Chuangrun Advertising maintaining the rest. Rates being charged are around $12,000 per sign per month. Over the winter, China Media1 was busy buying up some of the most lucrative media properties in China, among them, a one-year, $290,000 contract for subway advertising in Guangzhou.
The full version of this special report on CMDA can be found at: http://www.allpennystocks.com/apsc/us/article/cmda_may_5_2005.htm
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Although the majority of AllPennyStocks.com reports are independent, it has received compensation for carrying the report on China Media1 Corp. (OTCBB:CMDA), the compensation is two thousand dollars by a non-affiliated third-party eLocity, Inc. This creates an inherent conflict of interest and readers are encouraged to view the full disclaimer at http://www.allpennystocks.com/apsc/us/stock_profiles/cmda.htm