ORLANDO, Fla., March 16, 2010 (GLOBE NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc., has initiated coverage on China New Media Corp. (OTCBB:CMDI), a fast-growing advertising media company operating the largest outdoor media network in Dalian, China.
Marc Riddick, CFA, RedChip Research Analyst, reported:
"CMDI provides clients with advertising opportunities through a diverse media platform. The Company is the largest outdoor advertising provider in Dalian with over 40% market share, twice as large as their nearest competitor.
"We are expecting CMDI to be a strong growth company with achievable growth of 35% for the next few years. We are forecasting significant growth of revenues and margins based on the very promising launch of City-Navigator and our expectation that this platform will be successful in attracting both new advertisers as well as increased spending from existing clients."
Riddick continued: "We view CMDI as an attractive growth company based on 1) the strength of the overall advertising industry in China 2) the health of the Company's existing advertising platform and 3) the upside from new growth drivers and the unique opportunity to gain market share from television. We are initiating coverage of CMDI with a Buy rating and a $4.50 price target."
To receive a complimentary copy of the RedChip Visibility Initial Research Report for CMDI, please visit: http://www.redchip.com/about/aboutmain.asp?rid=223
To learn more about China New Media Corp. visit http://www.redchip.com/visibility/investor.asp?symbol=CMDI
About China New Media Corp.
Founded in September 2000, Dalian Vastitude Media Group Co., Ltd., now known as China New Media Corp., is headquartered in Dalian, the commercial center of Northeastern China. The company owns and operates the city's largest outdoor media network encompassing over 600 bus shelters furnished with billboards and displays; 130 taxi stops with displays; and 13 large-size billboards, including 3 large-size LED displays at major traffic conjunctions. The company also furnishes more than 400 buses with advertising posters and 28 metro-trains throughout Dalian Metro Lines. China New Media provides comprehensive advertising services from art design to ad publishing, from daily maintenance to technical upgrading. Launched in Dalian in 2009, China New Media's proprietary LED multimedia display network, City Navigator(R), is the country's first web-based outdoor advertising network.
About RedChip Companies, Inc.
RedChip Companies is an international, small-cap research and financial public relations firm headquartered in Orlando, Florida; with affiliate offices in Beijing, China; Paris, France; and Seoul, Korea. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research(TM), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Small-Cap TV(TM), Shareholder Intelligence, Social Media and Blogging Services, Webcasts, and RedChip Radio(TM). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/productsandservices.asp.
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Disclosure
None of the profiles issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. Any investor should determine whether a particular security is suitable based on the investor's objectives, other securities holdings, financial situation needs, and tax status. China New Media Corp. is a client of RedChip Companies, Inc. and of RedChip Visibility, a division of RedChip Companies. China New Media Corp. agreed to pay RedChip Companies, Inc. fifty thousand shares of Rule 144 stock plus a monthly fee of four thousand five hundred dollars in cash for twelve months of RedChip Visibility Program services, which includes the preparation of the equity research report(s) and investor awareness services. The equity research report(s) are prepared for informational purposes only and are paid for by the company portrayed in the report. The equity research report(s) are not a recommendation of a solicitation to purchase or sell any security, nor do they constitute investment advice. Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics. These services may include investor conferences, digital and print distribution of China New Media Corp. investor-related materials and radio programming. RedChip Companies, Inc., employees and affiliates may have positions and affect transactions in the securities or options of the issuers mentioned herein.