SOURCE: China Media Group Corporation

October 24, 2007 07:53 ET

China Media Group Corporation Announces Securing Webcall Technology for Online Advertising

SAN ANTONIO, TX--(Marketwire - October 24, 2007) - China Media Group Corporation (OTCBB: CHMD) ("CMG") announces today it has entered into a marketing and revenue share agreement with a telecom solutions provider for its web call solution platform. The aim is to add the web call solution to our online advertising platform on the directory search engine and website for the China TieTong Communications Co., Ltd. Guangdong Branch ("Guangdong TieTong") Yellow Page Online directory. Under the agreement, CMG will market the web call technology and will share the revenue proceeds with the technology solution provider.

Mr. Con Unerkov, Chairman of China Media Group Corporation stated, "Online advertising has evolved in various methods from pop-up windows to click per view, to now click per call solution. The web call solution puts the online interested audience in direct contact with the advertiser so that they can communicate with each other. This personalized one-on-one contact gives the opportunity for the advertisers to sell their products direct to the end customers. This is a better and more effective advertising method where the advertisers see the direct results of online advertising."

Mr. Unerkov further added, "Online advertising is the fastest growing segment in the advertising industry. Our Guangdong Tietong Yellow Page directory is a recognizable brand name and we expect to attract many listings from Hong Kong, Macau, Taiwan and from overseas Chinese communities. The web call solution is a service differentiator connecting the advertiser to potential customers easily and seamlessly. All the potential customer has to do is to enter his telephone number on the web page and click the call button, then within seconds his phone will ring and he will be speaking to the advertiser. This is new product offering for our online advertising customers to reach out in an effective manner through their online advertising programs, especial to reach cross border customers. We believe that this new age online advertising product that will attract many online advertisers."

Guangdong Tietong is provincial arm for China Tietong Telecommunications, one of the 6 licensed telecom carriers in China. Guangdong is next to the affluent market of Hong Kong and Macau, thus it provides an excellent opportunity for us to top into the online advertising market for these locations.

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 Beijing, 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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