Enjoy Media Hldgs Ltd (fka SQIN)

[CashFXGroupPowerTeam]

Enjoy Media Acquires and Signs Up Enzhuo
WEDNESDAY, MAY 24, 2006 6:00 AM
- BusinessWire




EJYM
0.30 n/a





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HONG KONG, May 24, 2006 (BUSINESS WIRE) -- Enjoy Media Holdings Limited (EJYM) announced today that it has signed an agreement to acquire 19.9% equity interest in Shanghai Enzhuo M&C Limited (www.injoyceo.com, "Enzhuo"). The consideration, valued at US$750,000, is to be settled by issuance of restricted common shares of Enjoy Media. Enzhuo is an advisory and management consulting company specializing in education and training issues relevant to Leadership Studies in China. It manages and markets training initiatives, coordinates conferences and seminars, conducts market research in a variety of industrial and service sectors, and also supplies market access & strategic planning services for training institutions, banks, corporations and government agencies in China.

In addition, Enjoy Media expands its online advertising business by signing an annual service contract with Enzhuo, providing advertising services on www.injoyceo.com and receiving further referral business from Enzhuo's clients. China's online advertising is a US$330 million market in 2005, according to iResearch.com.cn, and it could reach US$490 million in 2006.

About Enjoy Media Holdings Limited

Enjoy Media is a media advertising and marketing company based in Guangzhou, China. It operates a diversified portfolio of media and marketing businesses in the southern China region including: outdoor advertising, TV programs, internet media and corporate marketing. It seeks to grow its business by acquiring and operating other complimentary media and advertising businesses across China. For information on the full range of businesses of Enjoy Media, please visit http://www.enjoymedia.com.

Forward looking statement

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.

SOURCE: Enjoy Media Holdings Limited

Enjoy Media Holdings Limited
Mr. Zhongwen Chen, (86)20-87521812
Fax: [phone]
[e-mail]


Copyright Business Wire 2006