SOURCE: China Media Group Corporation

June 04, 2007 10:05 ET

China Media Group Corporation Announces Pilot Projects for Singapore and Australia

SAN ANTONIO, TX--(Marketwire - June 4, 2007) - China Media Group Corporation (OTCBB: CHMD) ("CMG") announces today that it has secured contracts in Singapore and Australia from its newly announced expansion of its Telecom & Mobile Computing Business Unit of Broadband Platform / Solutions. Both contracts are Pilot "Proof of Concepts" and are expected to be complete by the end of August 2007. If successful they are both expected to lead to longer term business in these markets.

Mr. Con Unerkov, Chairman of China Media Group, stated, "We are pleased to announce the commencement of these projects. We are confident that these projects will be delivered on time and proved to be successful, leading to full deployment of our solution in these markets. Not only do these pilot projects open up additional markets, but they also demonstrate our competency in designing and implementing advanced broadband solutions which extends our ability to deliver media and advertising using these technologies. The Singapore and Australia markets provide opportunities to cross sell our media and advertising to customers in these countries."

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 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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