BEIJING, Dec. 11, 2006 (PRIME NEWSWIRE) -- Greater China Media & Entertainment Corporation (OTCBB:GCME), an integrative professional media and entertainment company headquartered in Beijing, China, today announced that Mr. Yi Wang has been appointed as a new board member.
"I am honored to accept this appointment," said Mr. Yi Wang. "I am confident that my past experience in China and in the entertainment industry will help the Company grow its business to best meet the needs of this evolving industry in the Greater China region. With my existing strong relationships and broad resources, I look forward to seeing the Company achieving its goal in becoming a leading media and entertainment company in China."
Born in China and educated in China and Sweden, Mr. Yi Wang has had a successful career in channel management, film making, television series production, and movie and television-related publications. Combined, Mr. Wang has over 12 years of hands-on business experience in China. He is the Executive Director and Vice-CEO of Asian Union New Media (Group) Limited, a comprehensive media group and a leading entertainment provider in China engaged in various media-related businesses, including the operation and production of advertisements on a satellite television channel (Travel Satellite TV) in China, as well as production of television drama and movies. Asian Union New Media has cooperated with many world class directors such as John Woo (Director of "Mission Impossible II") and Ang Lee (Director of Oscar Winner "Brokeback Mountain"). Mr. Wang also helped develop the advertising operations and performing artist-related business fields in China, setting up Tai He Media Group, Hua Yi & Tai He Agent Corp. and Travel Channel Inc. In the past few years, Mr. Wang has provided consultation services to numerous companies in China and has also been instrumental in managing the development and production of 12 movies and 29 teleplays.
John Hui, President, CEO and Vice-Chairman of Greater China Media & Entertainment Corporation, stated, "It is with utmost respect and admiration that we welcome Mr. Yi Wang to the board and believe he will provide invaluable input into guiding the Company in the right direction. Our board is comprised of well-respected business and industry professionals who all share the common vision of making Greater China Media & Entertainment a success."
About Greater China Media & Entertainment Corporation:
Greater China Media & Entertainment Corp. is an integrative professional media and entertainment company which covers various areas including film and TV program production, management, promotion and distribution. The Company will have its own film and television production center, promotion agency, audio-visual distribution company, digital network company, talent agency, and sales and advertising agency. Together the team is capable of making films, TV programs and related projects on a large scale.
In June 2006, the Company signed and closed an Acquisition Agreement with Triumph Research Limited, which is a BVI company and party to a Joint Venture Agreement with Beijing Tangde International Film and Culture Co., Ltd. ("Tangde"), a Chinese company focused on producing TV programming and movies. In September 2006, the Company formed a joint venture with Beijing New-Element Co. Ltd., a promotion and marketing company based in Beijing. The Company also signed an agreement with Beijing Star King Talent Agency, Star Agency, to form a joint venture. For more information please visit the Company website at www.greaterchinamedia.com
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.