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China Digital Media Corporation
(OTC: CDGT), announced that the company CEO Daniel Ng has given
an interview on 22 April to CEOcast, a wide-reaching online community
of investors and investment professionals.
During the interview, Mr. Ng discussed CDGT's overall
business initiatives, including Cable TV operations, Digital Television
Technology Development and Trading of TV contents in China. He stated
¡§the company, through its wholly owned subsidiary, is the sole contractor
and operator of digital television services in Nanhai, a city in
the Guangdong Province of China. The city has around 400,000 paying
Cable TV subscribers who used to watch television program through
analogy signals. The company is responsible to migrate all subscribers
from analog to digital television service as well as operating its
the pay-TV and interactive services based on the DTV technology.
Besides, Mr. Ng highlighted the company's achievements
to date. He pointed out that the company had recruited more than
15,000 pay-TV subscribers for over one year of operation in Nanhai
DTV market. Mr. Ng continued to say ¡§Nanhai is the first model city
in China to implement Total Migration of Digital Television by joining
professional management and funding source from the market. We had
demonstrated a successful model of win-win-win situation for the
state owned Cable network company, the TV viewers in the city and
the investors which are ourselves. We intend to duplicate this successful
model and seek co-operation with cable network companies in other
cities of China.¡¨
Mr. Ng also provided insight into CDGT's plans for
increasing revenue through release of new services and technologies,
and explained how the company generates revenues from its business
model. ¡§The company is currently offering additional 40 TV channels
divided into four product packages, namely ¡§World Movies¡¨, ¡§Life
& Leisure¡¨, ¡§World Sports¡¨ and ¡§News¡¨. The company is planning
to offer pay-per-view and Near-Video-On Demand service by the end
of the year,¡¨ said Mr. Ng. ¡§The company is also offering a free
of charge information service. A TV viewer can access the service
using an embedded web browser in the Set-Top-Box jointly developed
by Arcotect, a subsidiary of the company, and Coship, a set-top-box
manufacturer in Shenzhen of China. The company plan to launch the
e-Government service to enable all its DTV subscribers to access
government information through the television sets in their home.
The company also plans to launch other chargeable interactive service
or advertiser based service via its self developed interactive television
service platform.¡¨
Finally, Mr. Ng laid out the financial prospects
to end the interview. Mr. Ng said ¡§Regarding the financial prospects,
we are going to file a consolidated financial report after the company
acquired 100% of Arcotect Digital Technology Limited, the operating
company for the Nanhai Cable TV project. In general, the company
projects to record a positive profit in the year 2004 from the consolidated
financial views.¡¨
The audio interview is available at CEOcast.com.
To access Mr. Ng's interview, please click
http://www.ceocast.com/company.cfm?cid=19722&n=115636
CEOcast is the premier source of original and syndicated
streaming broadcast interviews of Chief Executive Officers at public
and private news-making companies. Organized by industry, its analysts
average over 15 years experience covering and evaluating Wall Street's
leading companies. CEOcast's programming is distributed to millions
of on-line investors at over 700 financial web sites as well as
to more than 20,000 portfolio managers, buy-side analysts and traders
at more than 3,300 North American institutions. Content is also
disseminated to over 7,000 investment research professionals representing
over 425 institutions. All content is copyrighted to protect our
licensing partners.
China Digital Media Corporation ((OTC:CDGT)) is
one of the fastest growing companies engaged in the business of
broadcasting media and Cable TV in the People's Republic of China.
The Company is realigning its business direction to cover more segments
of the media industry through investment, mergers, acquisitions
and alliance partnership. In view of the rapid growth and potential
market of China's media industry, the Company will continue to put
its resources into the target media market across the China while
looking for potential distribution partners in the United States
and other countries.
For more information on us, please go to our website
at http://www.chinadigimedia.com.
Forward-looking statement: Except for the historical
information, the matters discussed in this news release may contain
forward-looking statements, including, but not limited to, factors
relating to future sales and operation revenues. These forward-looking
statements may involve a number of risks and uncertainties. Actual
results may differ materially based on a number of factors, including,
but not limited to, uncertainties in the demand of China media market,
risks related to doing business in China, the impact of competitive
products and pricing, changing economic conditions around the world,
release and sales of new products.
Mr. Daniel Ng is the founder, the Chairman and CEO
of China Digital Media Corporation. He has extensive experience
in Cable TV operations, Internet and information technology industry.
He is also the founder of Arcotect Limited, one
of the several pre-selected Hong Kong Government vendor in supplying
e-Government information systems. He has been the Chairman &
CEO of DCP Holdings Limited from year 2000 to 2001 which is a listed
company in Hong Kong who specialize in personal computer manufacturing
and Internet related investment projects. In 1999, He was the Director
of Cable Multimedia Services of Hong Kong Cable TV Limited, the
only cable TV operator in Hong Kong. Before joining Hong Kong Cable,
he was the founder and President of Hong Kong Star Internet Limited,
the first commercial ISP in Hong Kong. Star Internet was the second
largest ISP in Hong Kong and merged with HK Telecom IMS (the largest
ISP at that time) in 1998.
Mr. Ng was elected as Hong Kong's ¡§Ten Outstanding
Young Digi Persons¡¨ by Hong Kong Productivity Council and Hong Kong
Junior Chamber in 2000. He is now the Chairman of Hong Kong Information
Technology Federation, a non-profit trade associated founded in
1980 with more than 300 corporate members. HKITF provides a forum
in which IT-related business in Hong Kong can work together for
the benefit of the industry and to maintain a high level of business
practice amongst the members. He is also the founding member of
Hong Kong Internet Service Providers Association and was elected
as the first chairman from 1996 to 1999.
________________________________________
SOURCE: China Digital Media Corporation
CONTACT: Daniel Ng of China Digital Media Corporation, +852 2390
8686, or pr@arcotect.com
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