DALIAN, Liaoning, China, Dec. 21 /PRNewswire/ - Arshad Shah, President and CEO of Exchange Media Corp., (EXMD.PK) announces on behalf of the Company.
EXMD plans to focus on other sector of industries, which in the Board's opinion will be beneficial for the Company and its shareholders.
In the past 24 months, since the beginning of the global financial meltdown, the Board felt that the Telecomm sector was cost intensive and highly competitive especially given the adverse financial conditions facing the industrialized economies.
As a part of our diversification plan, the Company will change its name and request a new symbol subject to regulatory approvals pending identification of the new industrial sector that the Company will seek to pursue.
About: Exchange Media Corp.
The Exchange Media audio/video content distribution platform will provide download service of audio/video content. Users will download audio/video content they like through logging on to the proprietary service website or OTA mode. The platform will actively send subscriber selected content to users and download to their mobile handheld device after payment confirmation.
FORWARD LOOKING STATEMENTS
The statements contained herein which are not historical are forward-looking statements that are subject to risk and uncertainties that could cause actual results to differ materially from those expressed, including but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's press releases.
SOURCE Exchange Media Corporation