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Greater China Media & Entertainment
Corporation Subsidiary Signs Service Agreement With Siemens Ltd.
China
Aug.10, 2007
Greater China Media & Entertainment Corporation (OTCBB:GCME) (GCME),
an integrated professional media and entertainment company, today
announced that its Chinese subsidiary, Racemind HuaDing, has entered
into a service agreement with Siemens Ltd. China to provide event
and press releases.
Per the agreement, Racemind HuaDing will provide event management
services for Siemens Ltd. China's Transportation Systems Group (TS)
to provide for TS' China Railway High-speed 3 (CRH3) project.
Racemind HuaDing will also arrange press releases for Siemens Ltd.
China for their Chinese Solutions for Offshore Shipbuilding Oil and
Gas Press Briefing in Dalian.
Siemens Ltd. is one of the world's largest electric and electronic
powerhouses. Its worldwide business segments, including information
and communications, automation and control, power, transportation,
medical solutions, lighting and household appliances, are all active
in China. Racemind HuaDing, founded by an elite team of marketing
professionals who combine their local knowledge and overseas
experience, provides comprehensive public relations, media strategy
consulting and event management services to national and
multinational companies. GCME views Racemind HuaDing's role as the
event planner for Siemens Ltd. China as a successful first step in
its penetration of the public relations industry.
About Greater China Media and Entertainment Corporation:
Greater China Media & Entertainment Corp., (GCME), (the Company), is
an integrated professional media and entertainment company which
covers various areas including film and TV program production,
management, promotion and distribution. The Company maintains its
own film and television production center, promotion agency,
audio-visual distribution company, digital network company, talent
agency, and sales and advertising agency as a result of recent joint
ventures. Cumulatively, the company is capable of making films, TV
programs and related projects on a large scale.
Joint ventures:
In June 2006, GCME 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 focused on producing
TV programming and movies. The Company's public relations, media
strategy consulting and event management joint venture, Beijing
Racemind HuaDing International Marketing Consultants Limited, (Racemind
HuaDing) was approved by the Beijing Administration for Industry in
May 2007. The Company also signed an agreement with Beijing Star
King Talent Agency to form a joint venture to carry on business as a
talent agency.
Recent milestones:
Movie and television series production and distribution
* Signed a production and distribution deal with Mega Vision
Productions Limited for its new "Tough Guy" movie.
* Took delivery of its first script for its "True Love" television
series ' to be directed by famed director Wong Jing.
* Signed a production and distribution deal for its "Poor Dad, Rich
Dad" television series with HuaYi Union Cultural Media Investment
Company Limited.
Racemind HuaDing
* Organized Johnson & Johnson "Family Event".
* Selected by Microsoft China as an approved public relations
vendor,
and arranged conferences, new product press releases and events.
For more information please visit the Company website at http://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.
CONTACT: Greater China Media & Entertainment Corp.
Jake Wei
86-10-5921-2333
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