BEIJING, May 1, 2007 (PRIME NEWSWIRE) -- Greater China Media & Entertainment Corporation (OTCBB:GCME), an integrative professional media and entertainment company headquartered in Beijing, China, today announced that the Company has signed an Agreement to distribute its first documentary film, entitled "Long March."
As China prepares to host the 2008 Olympic Games, and as daily news accounts attest, "the China Story" has become one of the hottest topics in the world. In China, the Long March is one of the most important historical milestones of the last century. The documentary film series comprises of five parts, totaling 150 minutes of footage.
According to the Agreement, the Company has the distribution right in all territories except North America within two years. The film is scheduled to be broadcasted through The History Channel in the United States starting April 30, 2007.
The film was produced by GCME's new director, Mr. Xiaolin Liu. Mr. Liu has over 12 years of first hand business experience in the film industry. He served as co-director, vice director, general planner, distributor for several dozens of films, commercial shows and more than 500 TV serials. The Long March is his recent production.
Mr. Jake Wei, President of GCME said: "If you visit Yahoo or Google and enter "The Long March" you'll see that the name itself is iconic and of historical importance -- like "Gettysburg," "Pearl Harbor" or "The Battle of the Bulge." Our new director Mr. Liu is the producer for this remarkable film and we are proud to become its distribution agent. Mr. Liu has tremendous experiences in producing and distributing films and TV plays. His addition to GCME's board will assist in our efforts to further establish GCME as a leader in integrative professional media and entertainment in China."
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 focused on producing TV programming and movies. In September 2006, the Company formed a joint venture with Beijing New-Element Co. Ltd., a promotion and marketing company based in Beijing. The Company also signed an agreement with Beijing Star King Talent Agency, Star Agency, to form a joint venture. For more information please visit the Company website at 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.
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