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HONG KONG, Aug. 22 -- China
Digital Media Corporation (''Digimedia'') (OTC Bulletin Board: CDGT
– News) today announced the launch of a trial for a new IP based
Set-Top-Box ("STB") in Nanhai, a city in Guangdong province
with 400,000 Cable TV subscribers. The Company is one of the first
digital TV operators in China to deploy the trial of IP based STB
with its high-end users. The new STB in trial is equipped with an
Ethernet port which could facilitate various Internet based services
to end users; such as video-on-demand, online shopping channels,
online games and interactive education services. The new STB is
developed in coordination with Shenzhen Coship Electronics Co. Ltd.
(''Coship'') that could transform a television set into an interactive
and a multimedia platform.
''Partnering with Coship in developing the IP based
STB is our strategy in advancing the quality of our broadcasting
services. We believe the provision of value-added services through
digitalized network will be a new business model in digital TV operation
and this new IP based STB will give us a head start,'' said Mr.
Daniel Ng, Chairman and CEO of China Digital Media Corporation.
''We intend to invest and participate in system migration projects
in other cities like our Nanhai model. This collaboration with Coship
and the new IP based STB will provide us a convincing advantage
to gain more contracts in the future that would allow our Company
to grow faster and to enlarge our service coverage,'' Mr. Ng added.
For more information on us, please go to our website
at http://www.chinadigimedia.com.
To be added to China Digital Media's investor
e-mail list, please send e-mail to our Investors Relations at ir@chinadigimedia.com.
About China Digital Media Corporation
China Digital Media Corporation (OTC Bulletin
Board: CDGT – News) focuses its business in three main areas: Cable
TV Operations, Programs Production and Advertising Sales. Arcotect
Technology (GZ) Limited, a wholly owned subsidiary of CDGT in China,
is the sole contractor and operator of digital television services
in Nanhai, a city with 400,000 cable TV subscribers. The service
could offer more than 800 digital channels of pay TV programs and
value added multimedia services. The Group is seeking to establish
similar models elsewhere in China.
About Shenzhen Coship
Electronics Co. Ltd.
Shenzhen Coship Electronics Co. Ltd. is one the largest and world
leading digital TV Set Top Box manufacturers. Coship is the number
one TV Set Top Box exporter for five consecutive years in China,
of which the growth rate has been over 100% in the last three years.
Certain information contained in these materials is 'forward-looking'
information, such as projections, estimates, pro formas, or statements
of intentions, expectations or plans. All forward-looking information
is subject to known and unknown risks and uncertainties, many of
which are outside of the control of the company. Consequently, actual
results may, and probably will, differ materially from the results
contemplated in such forward-looking information.
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