DALIAN, China, March 21, 2011 /PRNewswire-Asia/ -- China New Media Corp. (OTC Bulletin Board: CMDI) ("the Company"), China's fast-growing advertising company with current outdoor media networks located in Dalian, Shenyang, Tianjin and Shanghai, today announced the Company has retained Hayden Sheinwald Communications Global, LLC ("HSC Global"), an affiliate of HC International, Inc. ("HCI") to provide strategic investor relations services. HSC Global will assist the Company in broadening its presence in the financial markets while helping investors gain a better understanding of China New Media's business and financial attributes. Alan Sheinwald, Matt Hayden and the rest of the HSC Global team will be advising the Company in all facets of corporate and financial communications.
"After careful consideration, we are pleased to have selected HSC Global as our investor relations counsel and look forward to working together with their team," stated Mr. James Wang, Chairman and CEO of China New Media. "HSC Global and its affiliate, HC International, have a proven track record of representing successful U.S. publicly listed companies from China. We are confident that together we will effectively communicate our business model, growth strategy and value proposition to the investment community. We look forward to broadening the exposure of China New Media through meetings with investors throughout the United States and presenting at investor conferences," concluded Mr. Chang.
Alan Sheinwald, President of HSC Global stated, "China is the second largest outdoor advertising country in the world having maintained double digit annual growth over the past decade. China New Media has emerged as one of the largest outdoor media companies in the commercial center of northern China, Dalian. Today, the Company has over 200 leading international and domestic clients who each utilize China New Media's platforms including street fixtures such as taxi stops and bus shelters, billboards and LED screens, and City Navigator®, the Company's proprietary media platform. China New Media's diverse media platform and expansion opportunities into other parts of China have positioned the Company to enjoy sustained growth in the future."
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; 133 taxi stops with displays; and 19 large-size billboards, including 7 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 adverting 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®, is one of the country's first web-based outdoor advertising networks.
This press release may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements", including statements regarding the Company's ability to meet its obligations under its various contracts; the timeliness of payments and other economic benefits the Company expects to receive under such contracts; and the Company's ability to maintain its customer relationships and to maintain its ability to pursue its commercial objectives. In addition, the Company's operations are conducted in the PRC and, accordingly, are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe such as risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company's results may be adversely affected by changes in the political and social conditions in the PRC and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
SOURCE China New Media Corp.