China Marketing Media Holdings Inc. (fka CMKM)

[Immie]

PRESS RELEASE
Dec. 29, 2011, 4:39 p.m. EST
China Marketing Media Holdings, Inc. Announces Sale of Its Subsidiary, Shenzhen Media Investment, and Certain Intra-Company Equity Transfers

BEIJING, Dec 29, 2011 (GlobeNewswire via COMTEX) -- In accordance with the agreement signed on December 26, 2011, Shenzhen New Media Consulting Co. Ltd ("SNMC"), an indirectly owned subsidiary of China Marketing Media Holdings, Inc. (China Marketing Media or "the Company") CMKM -9.09% , has announced the sale of its subsidiary, Shenzhen Media Investment Co. Ltd. ("SMI"). Under the Agreement, Bin Li, a related party and a former director of the Company, and Feng Yu, an individual shareholder, acquired 90% and 10% of equity interest in the entity, respectively.

The sale price was approximately USD$5.5 million for the 90% equity interest to Bin Li and approximately USD$0.61 million for the 10% equity interest to Feng Yu.

To facilitate the foregoing disposition of SMI, SNMC entered into certain intra-company equity transfer agreements on December 23, 2011 with SMI, pursuant to which SMI transferred its 10% equity interest in Beijing Orient Converge Human Resources Management Center Co. Ltd., its 98% equity interest in Beijing Media Management Consultation Company ("BMMC") and its 30% equity interest in Shenzhen Directory Marketing Management Co. Ltd., all of which, prior to the disposition were the Company's subsidiaries, in consideration for approximately USD$0.8 million, USD$0.15 million and USD$2.4 million, respectively, to SNMC. In addition, Wengao Luo, a member of the Company's Board, agreed to transfer all of his 2% equity interest in BMMC to SNMC in consideration for approximately USD$3,141.

"China Marketing Media has been pursuing a strategy to expand its consulting service to the needs of the clients in the sales and marketing fields. 'SMI' has been suffering losses or barely broke-even since 2008. The Company anticipates that the sale of the interest will enable the Company to focus on the growth of its magazine and advertising business," declared Yingsheng Li, Chairman and CEO of China Marketing Media.

About China Marketing Media Holdings, Inc.

China Marketing Media Holdings, Inc. CMKM -9.09% , headquartered in Beijing, China, through its indirect Chinese subsidiaries, is engaged in the business of selling magazines and advertising space in its magazines, as well as providing sales and marketing consulting services.

Forward-Looking Statements

This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward -looking statements" including statements regarding: product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and any other statements of non-historical information. These forward looking statements are often identified by the use of forward -looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward -looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward -looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward -looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov ). All forward -looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward -looking statements.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: China Marketing Media Holdings, Inc.

[Immie]

news here

[ErnieBilco]

8K - changing back to their old accounting firm......

WHY???????

[TraderForLife009]

A nice little trade. Good to see for a change.

[ErnieBilco]

Movement...... and it was UPWARD for a change.

[dijeetyet]

I would think considering their assets alone.
We might need to wait for the rest of the market to turn up though.

[ErnieBilco]

Maybe we can start moving upward again?

[dijeetyet]

E is gone.
Not a bad Q all in all.

[ErnieBilco]

10Q came out on the 22nd, think we lose the E soon.

[TraderForLife009]

True. Just sad to see this fall so far from where it was over a year ago.

[ErnieBilco]

It should present some buying opportunities depending on how long it remains.

[TraderForLife009]

Not liking the E added to the end.

[dijeetyet]

Not a great nt10q but check out the site's updated look

http://www.91ap.com/

[TraderForLife009]

I'm hoping this 10-Q is in line with the way the others looked in the past. If our net income is right back up there, it should help with the share price I would think. I know last quarter didn't look nearly as good as all the others.

Anyway, looking forward to it. Have a great weekend.

[dijeetyet]

Should be this week coming up

[TraderForLife009]

Were you able to pick up some cheap shares on that last little sell-off a few days ago? A few .11's were available.

[TraderForLife009]

Ask looking better again just before the 10-Q comes out. Might run a little. You never know.

[Immie]

some more hits at .10

[Immie]

just saw. lets see if your right.

[TraderForLife009]

Some luck chap got 3000 shares at 0.10. Very luck whoever it was.

[TraderForLife009]

Looks like someone didn't want to wait for 10 cents. Too bad.

[TraderForLife009]

If the ask drops to that, I might have to buy more.

[Immie]

.10 now?

[TraderForLife009]

Bids have been slowly creeping up. First at 0.14, then 0.15, and now 0.16. Think we can get 0.17 next week?

[TraderForLife009]

Well, I pulled my order for the time being. Will probably place it again after I play a little first. I still got to stay occupied or I get really antsy waiting on one of my holding to do something.

That 100 share ask slap is making my holding look a little better this morning. I wonder if we will see a $1 anytime soon. This one has a funny way of running fast for no reason.

[TraderForLife009]

Sounds like your winning. I just have what I bought yesterday but if I keep my 9,506 shares order in (and it fills) I will be in the lead. I wonder where this will go from here? I would think money would start flowing back into the Chinese reverse merger sector soon. It is so far down that it is due for a technical bounce sooner or later I would think.

Also, I wonder what type of results we will see on the 10-Q. It will be interesting to see if general and administrative expenses continue to rise or if they will level off now. How do you think their online sales division is doing? We were seeing exponential growth for a while and then the online sales seemed to drop some from the year before. I hope that isn’t a continuing trend.

[dijeetyet]

I got 6k more -so I have 30k now

[TraderForLife009]

Don't know. I have a feeling it was someone that bought a year ago at around $1 and finally got feed up and sold. Seemed to be waiting for a decent size bid then bam. I like the amount of shares though. I wonder if we will see some more today. Either way, we might start seeing some volume since we have some shares out now. How many did you manage to grab?

Anyway, good morning.

[dijeetyet]

I could be wrong but I noticed something yesterday evening.
I tried both the websites and neither one worked -----they are back working this morning ---but I wonder if someone was selling yesterday because the sites were down.

[TraderForLife009]

I think it's a combination of the two that are doing it for this one. I know there is a lot of confusion between the CMKM Diamonds and this little gem as we like to call it. CMMH would be an excellent suggestion. I wonder if the company would be receptive to a symbol change to distance themselves from CMKM Diamonds.

[dijeetyet]

It looks like no one is using ticker CMMH
That would be nice -I don't think all the China accounting scams are helping them out eigther

[TraderForLife009]

That figures. Those are some good buys. I don't know if I would have been able to buy if I hadn't place the bid so high at 21 cents. I got in a little late on that sell off but am very glad the full 25,760 share order filled. That has never happened before for me in this stock. Normally the most I get filled is 2,500 shares or so and it usually takes days to weeks to get that many shares so I am very happy with picking up so many shares instantly.

On another note, I wonder how their online sales division is doing and I also wonder how the IR program they were toying with is going from so long ago. Seemed like they were attempting to start something but I haven‘t heard much about it. Like you said, the best thing they could do would be to change their ticker symbol to something that isn't associated with CMKM Diamonds.

[dijeetyet]

.0156 and .018 ----my computer froze up at just the wrong moment

[TraderForLife009]

Well, now that I am tapped out again, might as well do something else instead of looking at the screen. I know this one usually takes a long time. I wonder who got frustrated and sold. I suppose it doesn't matter since it gave us a good chunk of shares finally. Did you pick up any of those 15 cent trade blocks?

[TraderForLife009]

It made for a great buy in though. If it drops more, I might have to average down when money becomes available. Just used up everything I had on hand at the moment but nice to be able to buy some again. Its been too long since I owned a good chunk of shares of this one.

[dijeetyet]

Nice to see some action -would rather it was action in the 1.00 range ---but it's a start.

[Immie]

Seems like someone is trying to get some shares at .156

[dijeetyet]

Well it did seem like it to me too, but I wasn't getting any.

[TraderForLife009]

I guess your right. I thought we had more than that around 15 cents or less. Shows how poor my memory is.

[dijeetyet]

I agree you need to try
but not many cheapies out there
Historical Prices
Date Open High Low Close Volume Adj
Close
2011/06/14 0.45 0.45 0.45 0.45 - 0.45
2011/06/13 0.55 0.55 0.45 0.45 6,500 0.45
2011/06/10 0.70 0.83 0.55 0.55 7,000 0.55
2011/06/09 0.84 0.84 0.55 0.60 7,035 0.60
2011/06/08 0.60 0.60 0.60 0.60 - 0.60
2011/06/07 0.60 0.60 0.60 0.60 4,348 0.60
2011/06/06 0.15 0.15 0.15 0.15 1,000 0.15
2011/06/03 0.13 0.13 0.13 0.13 - 0.13
2011/06/02 0.13 0.13 0.13 0.13 - 0.13
2011/06/01 0.13 0.13 0.13 0.13 - 0.13
2011/05/31 0.60 0.60 0.13 0.13 400 0.13
2011/05/30 0.10 0.10 0.10 0.10 - 0.10
2011/05/27 0.10 0.10 0.10 0.10 - 0.10
2011/05/26 0.10 0.10 0.10 0.10 - 0.10
2011/05/25 0.10 0.10 0.10 0.10 100 0.10
2011/05/24 0.36 0.36 0.36 0.36 1,000 0.36
2011/05/23 0.10 0.55 0.10 0.55 200 0.55
2011/05/20 0.25 0.25 0.25 0.25 - 0.25
2011/05/19 0.25 0.25 0.25 0.25 - 0.25
2011/05/18 0.25 0.25 0.25 0.25 - 0.25
2011/05/17 0.25 0.25 0.25 0.25 2,500 0.25
2011/05/16 0.25 0.25 0.25 0.25 1,100 0.25
2011/05/13 0.27 0.27 0.27 0.27 - 0.27
2011/05/12 0.27 0.27 0.27 0.27 - 0.27
2011/05/11 0.27 0.27 0.27 0.27 600 0.27
2011/05/10 0.27 0.27 0.27 0.27 500 0.27
2011/05/09 0.27 0.27 0.27 0.27 - 0.27
2011/05/06 0.27 0.27 0.27 0.27 - 0.27
2011/05/05 0.27 0.27 0.27 0.27 - 0.27
2011/05/04 0.27 0.27 0.27 0.27 1,000 0.27
2011/05/03 0.27 0.27 0.27 0.27 - 0.27
2011/05/02 0.27 0.27 0.27 0.27 - 0.27
2011/04/29 0.27 0.27 0.27 0.27 - 0.27
2011/04/28 0.27 0.27 0.27 0.27 - 0.27
2011/04/27 0.27 0.27 0.27 0.27 - 0.27
2011/04/26 0.27 0.27 0.27 0.27 - 0.27
2011/04/25 0.27 0.27 0.27 0.27 - 0.27
2011/04/22 0.27 0.27 0.27 0.27 - 0.27
2011/04/21 0.27 0.27 0.27 0.27 - 0.27
2011/04/20 0.27 0.27 0.27 0.27 - 0.27
2011/04/19 0.28 0.28 0.27 0.27 2,600 0.27
2011/04/18 0.28 0.28 0.28 0.28 - 0.28
2011/04/15 0.28 0.28 0.28 0.28 - 0.28
2011/04/14 0.28 0.28 0.28 0.28 - 0.28
2011/04/13 0.28 0.28 0.28 0.28 500 0.28
2011/04/12 0.28 0.28 0.28 0.28 - 0.28
2011/04/11 0.28 0.28 0.28 0.28 - 0.28
2011/04/08 0.28 0.28 0.28 0.28 - 0.28
2011/04/07 0.28 0.28 0.28 0.28 - 0.28
2011/04/06 0.40 0.40 0.28 0.28 6,500 0.28
2011/04/05 0.40 0.40 0.32 0.32 5,000 0.32
2011/04/04 0.41 0.41 0.40 0.40 2,683 0.40
2011/04/01 0.50 0.50 0.50 0.50 - 0.50
2011/03/31 0.51 0.51 0.50 0.50 13,000 0.50
2011/03/30 0.51 0.51 0.51 0.51 - 0.51
2011/03/29 0.51 0.51 0.51 0.51 1,346 0.51
2011/03/28 0.51 0.51 0.51 0.51 4,000 0.51
2011/03/25 0.52 0.52 0.52 0.52 - 0.52
2011/03/24 0.55 0.55 0.52 0.52 5,000 0.52
2011/03/23 0.55 0.55 0.55 0.55 - 0.55
2011/03/22 0.55 0.55 0.55 0.55 - 0.55
2011/03/21 0.55 0.55 0.55 0.55 - 0.55
2011/03/18 0.55 0.55 0.55 0.55 - 0.55
2011/03/17 0.55 0.55 0.55 0.55 200 0.55
2011/03/16 0.55 0.55 0.55 0.55 2,000 0.55
2011/03/15 0.56 0.56 0.56 0.56 - 0.56
2011/03/14 0.56 0.56 0.56 0.56 - 0.56
2011/03/11 0.60 0.60 0.56 0.56 3,600 0.56
2011/03/10 0.59 0.59 0.56 0.56 2,500 0.56
2011/03/09 0.56 0.56 0.56 0.56 - 0.56
2011/03/08 0.56 0.56 0.56 0.56 - 0.56
2011/03/07 0.56 0.56 0.56 0.56 500 0.56
2011/03/04 0.55 0.56 0.54 0.56 7,600 0.56
2011/03/03 0.65 0.65 0.65 0.65 - 0.65
2011/03/02 0.65 0.65 0.65 0.65 - 0.65
2011/03/01 0.52 0.65 0.52 0.65 2,600 0.65
2011/02/28 0.54 0.54 0.52 0.52 7,025 0.52
2011/02/25 0.53 0.53 0.53 0.53 - 0.53
2011/02/24 0.60 0.60 0.53 0.53 7,000 0.53
2011/02/23 0.52 0.70 0.52 0.52 12,575 0.52
2011/02/22 0.65 0.65 0.52 0.65 13,500 0.65
2011/02/21 0.60 0.60 0.60 0.60 4,000 0.60
2011/02/18 0.60 0.60 0.60 0.60 4,000 0.60
2011/02/17 0.60 0.70 0.60 0.60 8,500 0.60
2011/02/16 0.70 0.70 0.60 0.60 7,500 0.60
2011/02/15 0.60 0.60 0.60 0.60 3,000 0.60
2011/02/14 0.67 0.79 0.62 0.62 12,000 0.62
2011/02/11 0.65 0.65 0.65 0.65 7,000 0.65
2011/02/10 0.80 0.80 0.60 0.60 26,600 0.60
2011/02/09 0.60 0.60 0.60 0.60 100 0.60
2011/02/08 0.65 0.65 0.65 0.65 2,500 0.65
2011/02/07 0.65 0.65 0.65 0.65 2,000 0.65
2011/02/04 0.60 0.75 0.60 0.65 18,000 0.65
2011/02/03 0.66 0.66 0.64 0.64 9,175 0.64
2011/02/02 0.80 0.80 0.80 0.80 - 0.80
2011/02/01 0.65 0.80 0.65 0.80 10,000 0.80
2011/01/31 0.61 0.86 0.61 0.84 26,660 0.84
2011/01/28 0.65 0.65 0.65 0.65 - 0.65
2011/01/27 0.70 0.70 0.52 0.65 20,316 0.65
2011/01/26 0.80 0.80 0.80 0.80 - 0.80

[dijeetyet]

I didn't get much for all the bid sitting I did, so I don't think you missed anything.

[TraderForLife009]

CMKM is doing great. Amazing the difference 3 days does for this stock. Very sad MWWC is taking so long. I would have loved to move some of that money back into this one where it all started.

[dijeetyet]

Yup the spread finally tightened up.

[TraderForLife009]

Nice prices it is trading at today. Almost back up to 95 cents.

[TraderForLife009]

That's ok. 1K is better than no K like me. Very sad.

[dijeetyet]

Finally a decent looking L2
to bad I only got 1K at .15

[dijeetyet]

I forgot the GTC yesterday
put it back at .014 -WTH

[TraderForLife009]

Don't know. I didn't see your order in at all today.

[dijeetyet]

.85 ask now
that .60 hit made my port look nice.
Wonder if we will get any more at .15

[TraderForLife009]

I don' know if it will drop that low. If it did, I would love to but we seem to be getting bid support at these levels. The way I look at it, buy at 15 cents and sell at 95 cents is a good move. I could buy around 66,000 shares with $10000 and still make $63,000 when it recovers. I don't think I would be able to buy $10,000 worth at 4 cents. Others would probably beat my bid before I got some.