China Media1 Corp.
OTC Bulletin Board : CMDA

China Media1 Corp.

October 26, 2006 08:30 ET

China Media1 Completes Phase 1 Installation at Chengdu Air-port; Chinese Wine Company First to Advertise

IRVINE, CALIFORNIA--(CCNMatthews - Oct. 26, 2006) - China Media1 Corp. (OTCBB:CMDA) is pleased to announce that it has completed the installation of 8 scrolling backlit light boxes at Chengdu Shuangliu International Airport (www.cd-airport.com). Chengdu is the provincial capital of Sichuan Province and a city with a population of over 11 million. In 2005, Chengdu has the 6th busiest airport in China handling about 15 million passengers annually. The light boxes are single sided with 5 posters. Our rate card for these large signs at Chengdu Airport is US$ 4,000 per poster per month (RMB 32,000) comparable to the Shenzhen Airport. At full capacity, the potential revenue for the first 8 signs is US$ 1.92 million (RMB 15.36 million). This represents the initial installation phase for Chengdu. Our contract allows us to have 32 signs in total; with potential revenue of over US$ 10 million.

China Media1 has also received a contract from China Tuopai, a local Chinese wine company. (www.chinatuopai.com) for Chengdu. This contract starts November 1 and continues for the balance of the year with a renewal expected for 2007. Investors interested in the Chengdu region can visit www.chengdu.cn/english/ for more local information.

About China Media1 Corp.:

China Media1 Corp. has obtained rights to premiere Chinese advertising media assets in China. Its affiliate, Guangzhou Chuangrun Advertising Co. Ltd., operates the advertising space and advertising contracts with top-tier brand names and multi-national corporations as well as large advertising agencies. 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. China Media1's advertising locations include the Airports in Shenzhen, Chengdu, Haikou and Xian, and the Guangzhou MTR (12 Subway Stations). China Media1'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 uncertain-ties 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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