BEIJING, Oct. 30, 2006 (PRIMEZONE) -- Greater China Media and Entertainment Corporation (OTCBB:GCME), an integrative professional media and entertainment company headquartered in Beijing, China, today announced that the Company has moved to its new offices in central Beijing and Hong Kong.
The new office is located in the central business district (CBD) of Beijing and spans over 10,000 square feet. The CBD location has unique advantages with ideal infrastructure which supports a vibrant and thriving business environment. CBD is comprised of a total of approximately 3,000 enterprises which includes 500 multinational corporations, 570 foreign representative offices and 150 foreign owned banks, insurance companies and agencies.
Mr. John Hui, President, CEO and Vice-Chairman of Greater China Media & Entertainment Corporation commented, "We are excited with the move to our new office located in prestigious CBD at the heart of Beijing. As we look around at the numerous successful multinational companies in CBD, we believe that we all share the same vision of capturing China's enormous market opportunity. We believe being in CBD is a further testament to our commitment in becoming a leader in China's media and entertainment industry."
The CBD area consists of over 3 million square meters and houses China World Trade Center, Motorola Plaza, the Kerry Center, Hewlett Packard Plaza, Jian Guo Hotel where hundreds of multinational companies and financial institutions are located. Currently, among 160 of the world's top 500 enterprises with operations in Beijing, over 120 have offices in the CBD location and surrounding areas.
The Company also has a new office in Central Hong Kong which will facilitate the Company's outreach to secure additional partnerships and business associates in the South East Asia region.
About Greater China Media and 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. In September 2006, the Company formed a joint venture with Beijing New-Element Co. Ltd., a promotion and marketing company based in Beijing. 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.