China Media1 Corp.
OTC Bulletin Board : CMDA

China Media1 Corp.

August 02, 2005 09:15 ET

China Media1 Commences Installation of Outdoor Airport Signs

IRVINE, CALIFORNIA--(CCNMatthews - Aug. 2, 2005) - China Media1 Corp. (OTCBB:CMDA) is pleased to announce that further to its May 16, 2005 press release regarding the design of the double-sided scrolling backlit signs for the Guangzhou Airport, several modifications were made to the sign to make it more enticing to both the advertisers and viewers. The working model of a highly functional and aesthetically pleasing sign meeting the standards of both the Guangzhou Airport Authorities and the Company can be seen at our website at www.chinamedia1corp.com. The final two components of the sign; a new door hinge aluminum extrusion mould and a new LED panel with 4 lines of display have been ordered and we expect installation of all 50 Outside Signs to be completed by mid-September. Within one month after the installation, our advertiser, Chi Shang Ling Yue is scheduled to pay the remaining 90% fee (US$ 5.76 million or RMB 46,656,000) to the company.

Mr. Hanxiong (Adrian) Cai, China Media1 President commented, "We are inches away from the finish line for the Outside Signs and we will be at the starting gate for the 100 Inside Signs (US$ 13 million) with Chi Shang committing to 70 signs. Besides Chi Shang and the Airport who have given us full support during the design period; we also like to thank ActionView International for their collaboration and effort. The combination of our advertising space and their hardware will open up many more future opportunities."

About China Media1 Corp.:

China Media1 Corp., headquartered in Irvine, California, owns and operates specialty media assets throughout Southern China that include physical advertising space and advertising contracts with top-tier brand names and Multi-National corporations. China Media1 has focused on providing its clients superior advertising locations based on viewership, exclusivity and uniqueness through the use of its illuminated scrolling poster signs throughout its locations. The Company advertising locations include the Guangzhou New Baiyun International Airport and the Guangzhou MTR (12 Subway Stations). The Company's website is www.chinamedia1corp.com.

Forward Looking Statements:

Any forward-looking statement in this press release is made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors, technological developments, regulatory matters and increased competition. The Company disclaims any obligation to update any such factors or to publicly announce results of any revisions to the forward-looking statements contained herein to reflect future events or developments.

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