China Media1 Corp.
OTC Bulletin Board : CMDA

China Media1 Corp.

July 19, 2005 09:00 ET

China Media1 Receives 10% Deposit from Chi Shang Ling Yue Advertising Company; Company Pays Advance Management Fee to Airport

IRVINE, CALIFORNIA--(CCNMatthews - July 19, 2005) - China Media1 Corp. (OTCBB:CMDA) is pleased to announce that it has received a 10% down payment of about US$625,000 (RMB 5,184,000) from Chi Shang Ling Yue Advertising Company Ltd. In April 2005, the Company signed a 1-year advertising contract with Chi Shang for US$6.25 million (RMB 51,840,000) for 30 outdoor area scrolling light boxes for their clients at the Guangzhou New Baiyun Airport. The list of clients for the Outdoor Ad space includes China Mobile, China Unicom and Ping An Insurance. Furthermore, the company has made a US$723,400 (RMB 6,000,000) advance management fee payment to the New Guangzhou Baiyun Airport for the outdoor light boxes as stipulated in the contract.

Mr. Hanxiong (Adrian) Cai, China Media1 President commented, "This is a milestone for our company. It paves the road for imminent installation of advertising posters for Chi Shang's clients. We expect installation to start in August and we thank Chi Shang and their clients for their understanding and patience."

About China Media1 Corp.:

China Media1 Corp., headquartered in Irvine, California, is an owner and operator of premier Chinese advertising media assets. The Company 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.

Contact Information