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HONG KONG, July 17 /Xinhua-PRNewswire-FirstCall/
-- China Digital Media Corporation (OTC Bulletin Board: CDGT), a
leading provider of cable and digital television services and content
in China, announced today that it has reached a record level of
households that have installed digital set-top-boxes ('STB'). As
of June 30, 2006, approximately 200,000 subscribers had installed
over 220,000 digital STBs, with over 15% subscribing for additional
digital STBs. The Company receives a portion of the subscription
fees from each customer.
The Company installed over 30,000 STBs in May, the
highest number of installations in a single month, and these newly
installed STBs are equipped with JAVA platform and Ethernet port.
'This is a major milestone for the Company, as it
represents a significant source of revenue,' said Daniel Ng, Chairman
and CEO of China Digital Media Corporation. 'The launch of our new
IP based STB has generated incredible interest in Nanhai and surrounding
cities. We intend to focus on promoting our value added services
and pay TV services, and searching for new projects elsewhere that
we believe will enhance revenue growth.'
For more information on the Company, please visit
the Company's 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 focuses its business
in three main areas: Cable TV Operations, Programs Production and
Advertising Sales. Arcotect (Guangzhou) Limited, a wholly owned
subsidiary of CDGT in China, is the sole contractor and operator
of digital television services in Nanhai, a city with 410,000 cable
TV subscribers. As of today, Nanhai's cable television operation
provides 148 television channels which comprise of 48 basic channels
and 100 pay channels. The pay channels are categorized into various
value added packages.
Certain information contained in these materials
is 'forward-looking' information, such as projections, estimates,
pro formas, or statements of intentions, expectations or plans.
Forward-looking information in this release includes, without limitation,
the Company's ability to continue to add new households in a timely
and efficient manner, the future success of its IP based STBs, and
its ability to find new projects in the future. 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.
For more information, please contact:
Investor Relations
Tel: +852-2390-8600
or
Ed Lewis of CEOcast, Inc.
Tel: +1-212-732-4300
SOURCE China Digital Media
Corporation
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