CBM Asia Development Corp.
TSX VENTURE : TCF
FRANKFURT : IY2
OTC Bulletin Board : CBMDF

CBM Asia Development Corp.

May 06, 2009 09:30 ET

CBM Asia Announces the Addition of Thomas J. Byrne to the Team

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 6, 2009) - CBM Asia Development Corp. (the "Company") (TSX VENTURE:TCF)(OTCBB:CBMDF)(FRANKFURT:IY2) today announces that it has entered into an agreement with T. J. Byrne & Company ("Byrne & Company") to provide marketing and investor relations services on behalf of the Company with a view to broadening the Company's exposure to the international investment community. Headed by Thomas J. Byrne and based in Vancouver, B.C., Byrne & Company has been active in the investor relations field for nearly 20 years. In that time Mr. Byrne and his associates have introduced numerous successful resource companies to a broad international network of brokers, investment funds and high net worth individuals.

Byrne & Company will provide marketing, branding, corporate identity and advertising services to the Company for a period of 12 months at a fee of $5,000 per month ($60,000 per annum), which services may be terminated by either party on 30 days written notice. In addition, the Company has granted an option to Byrne & Company to purchase up to 500,000 common shares of the Company at a price of $0.28 per share for a period of two years.

The Company believes that the addition of Byrne & Company's professional marketing team to the Company's corporate matrix will help to assure that the current and potential value of the Company's projects in the coalbed methane sector will become increasingly evident to the investment community.

CBM Asia Development Corp. is engaged in the business of investigating and acquiring the rights to coalbed methane exploration in Indonesia, followed by the development and delivery of this valuable resource.

ON BEHALF OF CBM ASIA DEVELOPMENT CORP.

Alan T. Charuk, President & CEO

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information