BEIJING, July 9, 2007 (PRIME NEWSWIRE) -- Greater China Media & Entertainment Corporation (OTCBB:GCME) ("GCME"), an integrated professional media and entertainment company, today announced that representatives of the company attended the 10th Annual Shanghai International Film and Television Festival in support of its productions, including its "Tough Guy" movie and "True Love" and "Poor Dad, Rich Dad" television series.
The Shanghai International Film and Television Festival, which was held on June 11 through June 24, is the only such festival in China and a prominent event showcasing the region's film and television industry. Highlighted by the attendance of "Basic Instinct" superstar actress Sharon Stone, the Festival also attracted many of Asia's most popular celebrities, including such notable film and television stars as actress Gong Li, Golden Horse Award Best Actress Winner Maggie Cheung, and acclaimed directors Wong Jing, Feng Xiao Gang and Tian Zhuang Zhuang. Attending on behalf of GCME were Wong Jing, also the General Consultant to the company, and "Tough Guy" actors Liu Ye and Anthony Wong.
"The Festival brings together potential film buyers and television channels from over 10 countries, providing GCME with an excellent venue through which to publicize our productions," stated Jake Wei, chairman and CEO of Greater China Media and Entertainment Corporation. "We are pleased to have been a part of this event as it gathered top performers and directors from all over the world to learn from while also expanding awareness of GCME and its capabilities. We expect to attend additional festivals in the future as they also create opportunities for film and TV producers like GCME to promote their creative work and celebrate China's booming entertainment industry."
About Greater China Media and Entertainment Corporation:
Greater China Media & Entertainment Corp. is an integrated 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 as a result of recent joint ventures. 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's advertising joint venture, Beijing Racemind HuaDing International Marketing Consultants Limited, was approved by the Beijing Administration for Industry in May 2007. The Company also signed an agreement with Beijing Star King Talent Agency, Star Agency, to form a joint venture.
In June 2007, the Company signed a production and distribution deal with Mega Vision Productions Limited for the new movie "Tough Guy." It took delivery of its first script for the TV series "True Love" to be directed by famed director Wong Jing. The Company signed a production and distribution deal for the TV series "Poor Dad, Rich Dad" with HuaYi Union Cultural Media Investment Company Limited. 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.