SOURCE: China Wi-Max

January 11, 2011 13:58 ET

CHWM to Expand Strategy Through Media Content Delivery

GRAFTON, WI--(Marketwire - January 11, 2011) - China Wi-Max Communications, Inc. (OTCBB: CHWM), a leader in high speed broadband access in China, announced today the signing of a letter of intent (LOI) with Renaissance Entertainment & Media Group, LLC, to negotiate one or more definitive agreements providing for the distribution of Renaissance's media content through CHWM's fiber and wireless distribution assets in China.

CHWM's President and CEO Steven Berman stated that "this agreement is a continuation of our effort to extend our business plan through strategic alliances and joint ventures. Moving forward, as part of our evolution as a company, we are planning on expanding our business opportunities and diversifying our revenue streams worldwide." CHWM Executive Vice President Eric Hager added that "we believe we have a first mover advantage in deregulation opportunities in China, where the Internet and media distribution markets are now the fastest growing in the world."

China Wi-Max is also planning to begin the process of changing its name to "Consolidated Holdings Worldwide Media" (CHWM) in the near future to better reflect its expanded business vision and business opportunities beyond the China-based market. This name change will not affect CHWM's current branding of services and products in China, through its wholly-owned foreign entity companies (WOFEs) and affiliates.

About China Wi-Max Communications, Inc.

China Wi-Max Communications, Inc. (OTCBB: CHWM) is a multinational telecommunications and IP transport company formed to take advantage of the rapidly expanding wireless and broadband communications needs in China, the US and elsewhere. The goal of CHWM is to become the premier provider of broadband technology and allied services in the Chinese market and beyond. Building on technical experience and proven management skills, CHWM is approaching its markets with the tools and experience necessary to achieve success. CHWM has acquired fiber assets in Beijing and Hangzhou, as well as option agreements to purchase fiber in Shanghai and seven additional cities in China. CWHM has also acquired 5.8 GHz wireless frequencies. The Company's common stock is listed on the OTC Bulletin Board under the symbol "CHWM." For additional information, please visit the Company's website at www.chinawi-max.com.

About Renaissance Entertainment & Media Group, LLC

Renaissance Entertainment & Media Group, LLC, is a Nevada Limited Liability Company specializing in the discovery and development of feature films, video, television and music productions along with ancillary products associated with each project. Currently in post-production in association with Tranquility Pictures, LLC, is a film called 'July Moon.' This is a feature documentary which tells the story of Gary George, a former NASA intern, who purchased 'Apollo 11' EVA tapes at a GSA auction over 30 years ago. Featuring Buzz Aldrin , Bill Dana and Gary George, with direction by Karen L. Person, the original 2" tapes transmitted directly to Johnson Space Center have been enhanced and footage never seen before will be revealed. www.renaissanceentertainmentandmediagroup.com

'Safe Harbor Statement'

This press release contains forward-looking statements that involve risks and uncertainties. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.

Contact Information

  • CONTACT:
    Eric Hager
    Executive Vice President
    China Wi-Max Communications, Inc.
    800-830-1978 ext 908
    Email Contact

    Karen Person
    President
    Renaissance Entertainment & Media Group, LLC
    800-830-1978 ext 904