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Great China Mania Holdings, Inc. Issues an Annual Update to Shareholders(April 16, 2012)
HONG KONG -- (Marketwire) -- 04/17/12 -- Great China Mania Holdings, Inc. (OTCBB: GMEC) (the "Company" or " Great China Mania Holdings Inc.) and its wholly owned subsidiary Great China Media Limited, released its 10-K annual report and reported a sales revenue increase of $5,371,787 during 2011 as compared to nil in 2010. The gross profits increased to 1,143,333 in 2011 as compared to nil in 2010. The change was mainly due to the establishment of new and entirely different operations during 2011.
The revenue generated from artist and project management services operation, publication of magazines operation, and retail of video games and accessories operation newly established were $1,106,507, $2,641,324 and $1,623,956, respectively. The company's sources of revenue are mainly originated from Hong Kong and China.
Great China Mania Holdings, Inc. is an electronic content provider that creates and provides leisure and lifestyle-related electronic content to Hong Kong, Macau and China.
The company provides 3 main products and services:
1. Electronic content in the form of electronic magazines
2. Traditional magazines
Great China Mania Holdings, Inc. has established distribution agreements with various major operators in Hong Kong, Macau, and China. Customers can purchase subscription packages through the portal websites of their cell phone operators or through their cell phone and mobile devices directly. The contents of the company's electronic magazines will be regularly pushed to customers' cell phones and mobile devices through MMS and SMS once they have subscribed for the package. Subscription revenues are split between the company and cell phone operators.
About Great China Mania Holdings Inc.:
Great China Mania Holdings, Inc. (OTCBB: GMEC), through its subsidiaries, engages in the provision artiste and project management services; publication of magazines; retail operation of video games and accessories; and investment activities. It organizes artists to participate in movies, event management, and promotion for its clients. The company publishes eight weekly or bi-weekly magazines that specialize in computer technologies, video games, digital equipment, and automobiles. It operates two retail stores to sell video game machines, as well as video games and accessories. The company was formerly known as Great East Bottles & Drinks (China) Holdings, Inc. and changed its name to Great China Mania Holdings, Inc. on March 16, 2011. Great China Mania Holdings, Inc. is based in Kowloon, Hong Kong.
Safe Harbor Statement
Information in this document constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "anticipate," "estimate," "project," "intend," "expect," "should," "believe," and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause Great China Mania Holdings actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in Great China Mania Holdings filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Great China Mania Holdings herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Great China Mania Holdings disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.
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