BEIJING, May 11, 2007 (PRIME NEWSWIRE) -- Greater China Media & Entertainment Corporation (OTCBB:GCME), an integrated professional media and entertainment company headquartered in Beijing, China, today announced that the Company has selected Huading Century as its Chinese Brand name. Huading Century translates in Chinese to "a great global company."
"Since GCME's launch in 2006, the Company has aggressively expanded its holdings and partnerships within the growing professional media and entertainment markets in China. With our promotions, marketing and media relations business continuing to add marquee global brands, such as Microsoft and China Telecom, and in addition to several high profile entertainment projects already underway, we felt the time was appropriate to launch a Chinese brand name that reflects our vision of the Company's future," stated Jake Wei, chairman and CEO of Greater China Media and Entertainment.
The Company has set up a wholly foreign owned enterprise called Huading Century that was approved by the Beijing Administration for Industry on April 5, 2007. For more information, please check the Company's 10-KSB filed with Securities and Exchange Commission on January 11, 2007.
About Greater China Media and Entertainment Corporation:
Greater China Media & Entertainment Corp. is an integrated 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 as a result of recent joint ventures. 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 http://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.