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China Global Media, Inc. Announces the Addition of Two New Members to Its Board of Directors(December 30, 2011)
CHANGSHA, CHINA -- (Marketwire) -- 12/30/11 -- China Global Media, Inc. (OTCBB: CGLO) is pleased to announce that two new members, Ms. Min Yang and Mr. Bingchuan Xiao, have joined its board of directors.
Ms. Min Yang was appointed to the Board of Directors on December 12, 2011 accompanying her investment of $1.44 million U.S. dollars in the Company. Ms. Yang, age 42, has been the chairman of board of Changsha Yilong Department Store and the director of Hunan Zhongdian Yijia Smart Household Technology Co., Ltd. since 1995. From 1990 to 1995, she worked in Industry and Commerce Bank of China Changsha Branch. She graduated from Zhongnan University of Economics with a degree in Applied Mathematics. Ms. Yang is a highly successful and reputable business woman in media and retail markets in Hunan Province.
Mr. Bingchuan Xiao was also appointed the Board Director on December 12, 2011. He is qualified as an "Independent Director." Mr. Xiao, age 51, has been working as the deputy general manager of Beijing Fortune Capital Management Co., Ltd since February 2010. From November 2008 to January 2010, he worked as a Director of China Infrastructure Construction Corporation, an OTCBB listed company. From May 2007 to October 2008, he worked as the deputy general manager of Beijing Xing Yu Qing Technical Trading Company. From May 2001 to April 2007, he acted as the consultant and representative of SOS Kinderdorf International in China. From October 1993 to April 2001, he worked as the deputy general manager of Jiangsu Nanbei Industrial & Trading Company. From August 1983 to April 1990, he worked as a senior interpreter at the Ministry of Foreign Affairs of China. Mr. Xiao graduated from Guangzhou Institute of Foreign Languages with a Degree of Bachelor of Arts in English Literature and linguistics in 1983.
"We are excited that Ms. Yang and Mr. Xiao joined our board of directors," commented Mr. Guolin Yang, the President and Chief Executive Officer of the Company. "They will not only contribute to improving our corporate governance, but also assist us to achieve more rapid business growth."
Upon Ms. Yang and Mr. Xiao's joining the board, the Company's board of directors consists of five members, including Guolin Yang, Jun Liang, Hongdong Xu, Min Yang and Bingchuan Xiao.
About China Global Media, Inc.
China Global Media, Inc. (OTCBB: CGLO) mainly engages in the business of advertisement and brand name development in China, especially in Hunan Province and other southern Chinese provinces. It carries out business operations through its Hong Kong subsidiary Phoenix International (China) Limited, its Chinese subsidiary Hunan Beiwei International Media Consulting Co., Ltd, and, by contractual arrangement, its three affiliated operating entities including Changsha North Latitude 30 Cultural Communications Co., Ltd., Changsha Beichen Cultural Communications Co., Ltd. and Changsha Zhongte Trade Advertising Co., Ltd. Additional information about China Global Media, Inc. can be found on the web at www.cnbwi.net
Safe Harbor Statement
Certain of the statements made in this press release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause China Global Media, Inc.'s actual results to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "intends," "anticipates" or "plans" to be uncertain and forward-looking. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our 8K dated July 22, 2011, and other recent filings. These filings are available at www.sec.gov. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Investor Relations Contact:
Chief Financial Officer, Chief Strategic Officer
25-26F Wanxiang Enterprise Building,
No.70 Station North Road,
Changsha, Hunan Province,
China, Postal Code: 410001
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