SOURCE: China Media Group Corporation

May 31, 2007 08:37 ET

China Media Group Corporation Announces Expansion of Telecom & Mobile Computing Business Unit

SAN ANTONIO, TX--(Marketwire - May 31, 2007) - China Media Group Corporation (OTCBB: CHMD) ("CMG") announces today that it has expanded its Telecom & Mobile Computing business unit to include the provision of Fixed and Wireless Broadband Platforms / Solutions.

Mr. Con Unerkov, Chairman of China Media Group, stated, "Our mission is to become one of China's leading new-age media companies through the use of new technologies and devices combined with traditional media of TV, Newspapers, Magazines, Billboards and the Internet to reach today's mobile society."

Mr. Unerkov further added, "People today spend more time on the go and this has quickened the pace of technology adaptation. Today, internet advertising is the fastest growing segment in the advertising industry. Technology is moving so fast that we need to prepare our business for this new advertising medium. The media market worldwide is changing rapidly and the broadband industry appears to be playing a major role in this."

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 Beijing, Hong Kong and Texas, USA. The Company was incorporated in Texas on October 1, 2002. The Company is 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

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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