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China New Media Corporation Announces New Trading Symbol 'CMDI'
DALIAN, China, Dec. 28, 2009 (GLOBE NEWSWIRE) -- China New Media Corporation (OTCBB:CMDI), a fast-growing advertising company operating the largest outdoor media network in Dalian, China, announced today that it has received a new trading symbol, "CMDI," and will commence trading on the OTC Bulletin Board under the new ticker symbol on December 28, 2009.
Earlier this month the company, formerly known as Dalian Vastitude Media Group Co., Ltd. ("V-Media") announced that it had gone public through a reverse merger with Golden Key International, Inc. and had changed its name to China New Media Corp. (the "Company") in conjunction with the merger.
James Wang, chief executive officer of China New Media, commented: "This is an important step in our evolution to becoming the leader in China's vast outdoor advertising market. Over the past nine years, our team has worked diligently to establish a top-tier, multinational client base and to create the most extensive outdoor media network in Dalian. We are now working to expand our network into other populous cities of Northeastern China, and we believe our proprietary, web-based advertising display platform, City Navigator, has the potential to revolutionize the urban viewing experience. We expect to maintain a minimum 35% annual growth rate in the next five years."
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