SOURCE: China Media Group Corporation

October 11, 2007 10:06 ET

China Media Group Corporation Announces Completion of Australia Pilot Project

SAN ANTONIO, TX--(Marketwire - October 11, 2007) - China Media Group Corporation (OTCBB: CHMD) ("CMG") announces today it has completed the Pilot "Proof of Concept" project for Fixed and Wireless Broadband Platforms/Solutions in Australia previously announced on May 31, 2007. Mr. Con Unerkov, Chairman of China Media Group Corporation, stated, "It is important we continue to work on wireless technology that can deliver advertising to the ever increasing mobile community. No one envisaged 10 years ago how Internet would have such a profound effect on our daily lives -- Internet has become indispensable today. In the same way, mobility will have similar life altering effect. Technology has advanced to a stage that we are i-connected wherever we go, delivering information and data when you need it and wherever you need it."

Mr. Unerkov further added, "The trend of internet/online advertising is the fastest growth segment in the advertising industry where mobility is one of the growth drivers. This wireless broadband pilot project is a good start, as the broadband industry will provide the new advertising platform. We hope we will secure additional projects of this type in Asia."

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.

Additional information concerning other areas and topics of China Media Group can be found on our web site at http://www.chinamediagroup.net.

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.

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