China Media1 Corp.
OTC Bulletin Board : CMDA

China Media1 Corp.

May 02, 2007 18:00 ET

China Media1 Corp.: Director Resignations

GUANGZHOU, CHINA--(CCNMatthews - May 2, 2007) - China Media1 Corp. (OTCBB:CMDA) hereby announces that Ernest Cheung and Danny Hon have resigned from the Company in all capacities effective May 3, 2007. Company CEO Hanxiong Cai will assume their responsibilities on an interim basis until replacements are found.

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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