China's Guangzhou Jiahe Cosmetics Manufacturing signs one-year exclusive advertising placement agreement with China Global Media for US$17.2M for 2012
January 17, 2012
– China Global Media, Inc. CGLO +2.75% 's affiliated operating company Changsha Zhongte Trade Advertising Co., Ltd has signed a one-year exclusive advertisement placement agreement with Guangzhou Jiahe Cosmetics Manufacturing Co., Ltd ("Jiahe") to place advertisements for Jiahe's cosmetic products on Hunan Satellite Television Channel. The total advertisement fee that Company expects to receive under this agreement is approximately US $ 17.2 Million for year 2012.
About China Global Media, Inc.
China Global Media, Inc. CGLO +2.75% mainly engages in the business of advertisement and brand name development in China, especially in Hunan Province and other southern Chinese provinces. It carries out business operations through its Hong Kong subsidiary Phoenix International (China) Limited, its Chinese subsidiary Hunan Beiwei International Media Consulting Co., Ltd, and, by contractual arrangement, its three affiliated operating entities including Changsha North Latitude 30 Cultural Communications Co., Ltd., Changsha Beichen Cultural Communications Co., Ltd. and Changsha Zhongte Trade Advertising Co., Ltd. Additional information about China Global Media, Inc. can be found on the web at www.cnbwi.net .