SOURCE: China Media Group Corporation

May 04, 2006 11:20 ET

China Media Group Corporation Announces Delivery of Prototype of M.A.G.I.C. Communication Device

SAN ANTONIO, TX -- (MARKET WIRE) -- May 4, 2006 -- China Media Group Corporation (OTC BB: CHMD) ("CMG") announces today that it has received the first production units of the M.A.G.I.C. Convergent Communication device as scheduled. As announced previously, CMG has the sole distribution rights to the M.A.G.I.C. Convergent Communication device for China and Hong Kong.

Mobile Advanced Global Integrated Communicator (M.A.G.I.C.) is one of the world's first true convergent devices for the ubiquitous platforms of today. M.A.G.I.C. is a laptop computer miniaturized to the size of a handheld device, and incorporates a mobile phone, digital camera and global positioning device, and is probably the most powerful true convergent multimedia device of its kind in the world today.

Mr. Paul Scanlan, President of the Telecommunications and Mobile Computing Division of CMG stated, "We are excited to have received the first M.A.G.I.C. device in our hands. We are now internally undertaking compliance, functional, stability, load and usability testing on the device prior to testing by our value added resellers and partners. On completion of compliance testing we will begin testing a range of application software. Upon successful completion we expect to be able to deliver unique solutions from a number of leading providers of applications in the financial, health, logistics, security and utility sectors to leverage the power of the M.A.G.I.C. device for these vertical markets."

Mr. CP Loi, Chief Executive of Advance Tech Communications Sdn. Bhd., stated, "We are very proud to have now produced the first M.A.G.I.C. prototype. We are now working closely with CMG to perform all the required testing before formally launching the product in the market place. We have received tremendous response worldwide and the pent up anticipation clearly indicates that M.A.G.I.C. will play a role in shaping the mobility world of tomorrow and how we interact in it."

Mr. Con Unerkov, President of CMG, added, "Our strategy is to deliver new age media, through new technologies and devices. M.A.G.I.C. is an important part of that strategy and the delivery of a prototype model is a significant step forward in meeting our rollout schedule. Our own internal testing phase is vital to ensuring that we deliver a quality product to our customers."

About Advance Tech Communications Sdn. Bhd.:

Advance Tech Communications Sdn. Bhd. is a Malaysian based research and design company that have recently announced the development of the Mobile Advanced Global Integrated Communicator (M.A.G.I.C.), one of the world's first true convergent devices for the ubiquitous platforms of today. M.A.G.I.C. is a laptop computer miniaturized to the size of a handheld device, and incorporates a mobile phone, digital camera and global positioning device, and is probably the most powerful true convergent multimedia device of its kind in the world today. M.A.G.I.C. can deliver rich multimedia experiences like a powerful desktop PC because of its powerful hardware, comprising Intel's fastest mobile processor, inbuilt graphics accelerator and high fidelity audio codec.

Additional information on M.A.G.I.C. and Advance Tech can be found on www.advancetc.com

About China Media Group Corporation:

China Media Group Corporation (OTC BB: 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 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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