(EMAILWIRE.COM, June 04, 2008 ) SAN ANTONIO, USA -- China Media Group Corporation ("CHMD") ("CMG") announces today that it has been informed by Advance tech Communications Limited that it can expect to receive the first commercial shipment of M.A.G.I.C. in July 2008. In addition China Media Group also announces that a live video recording of the recent commercial launch of M.A.G.I.C. has been posted on the You Tube video link:
Mobile Advanced Global Integrated Communicator (M.A.G.I.C.) is one of the world's first true convergent devices for the ubiquitous platforms of today. M.A.G.I.C. is a laptop computer miniaturized to the size of a handheld device, and incorporates a mobile phone, digital camera and global positioning device, which we believe is one of the most powerful true convergent multimedia devices of its kind in the world today. M.A.G.I.C. is able to deliver rich multimedia experiences like a powerful desktop PC because of its powerful hardware.
Mr. Con Unerkov , Chairman of China Media Group stated, "This is exciting news for the Company. I recently attended the commercial launch of M.A.G.I.C Shiv1 in Malaysia where I indicated that China Media would be placing an initial purchase order for over 5,000 units to be delivered in stages. We are excited that we will receive these commercial units and be in a position to take these to the market where we expect them to be highly sought after based on the feedback we have already received".
Mr. Unerkov added, "There are over 480 million mobile phone owners in China . This is greater than the population of USA and UK combined. In China , 35 out of 100 people have mobile phones and this is continuing to increase. Whilst the number of mobile phone users increase year by year, the value added mobile services continues to increase rapidly. As an example it was reported that in 2006, 12 billion SMS greetings were sent during the CNY holiday. For Broadband , China has already become the 2 nd largest number of subscribers in the world where according to CNNIC, the number of broadband users as of June 2007 was 122 Million users and growing rapidly."
Mr. Unerkov added, "M.A.G.I.C. is a device that is in a position to take advantage of these growing market trends. It is a device that allows users the ability to conduct business in the manner that they choose rather than altering their business habits to cater for the devices that they use. We are all excited with what the future holds for the company and all shareholders."
About China Media Group Corporation:
China Media Group Corporation (OTCBB: CHMD) is a "Next Generation" advertising / media company focusing on the very lucrative Chinese market. It has offices in China , Hong Kong and Texas , USA . The company was incorporated in Texas on October 1, 2002. The Company is currently entering the fast growing advertising industry in China and plans to expand its offices in key cities such as Shanghai , Guangzhou and Shenzhen. The Company will also cooperate with strategic partners in other cities to serve our clients for nationwide advertising coverage.
A number of statements contained in this Report are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Certain written statements in this press release constitute "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. Words or phrases such as "should result," "are expected to," "we anticipate," "we estimate," "we project," "we intend," or similar expressions are intended to identify forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statements. These risks and uncertainties include demand for our services, product development, our ability to maintain acceptable margins and control costs, the impact of federal, state and local regulatory requirements on our business, the impact of competition and the uncertainty of economic conditions in general, including the timely development and market acceptance of products, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements, since the statements speak only as of the date that they are made, and we undertake no obligation to publicly update these statements based on events that may occur after the date of this document.
China Media Group Corporation
San Antonio , Texas
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