Greater China Media & Enterainment Corp.(fka GTCN)

[retribution]

Greater China Media & Entertainment Corporation Subsidiary Signs Service Agreement With Siemens Ltd. China
BEIJING, Aug. 9, 2007 (PRIME NEWSWIRE) -- Greater China Media & Entertainment Corporation (OTCBB:GCME) (GCME), an integrated professional media and entertainment company, today announced that its Chinese subsidiary, Racemind HuaDing, has entered into a service agreement with Siemens Ltd. China to provide event and press releases.

Per the agreement, Racemind HuaDing will provide event management services for Siemens Ltd. China's Transportation Systems Group (TS) to provide for TS' China Railway High-speed 3 (CRH3) project. Racemind HuaDing will also arrange press releases for Siemens Ltd. China for their Chinese Solutions for Offshore Shipbuilding Oil and Gas Press Briefing in Dalian.

Siemens Ltd. is one of the world's largest electric and electronic powerhouses. Its worldwide business segments, including information and communications, automation and control, power, transportation, medical solutions, lighting and household appliances, are all active in China. Racemind HuaDing, founded by an elite team of marketing professionals who combine their local knowledge and overseas experience, provides comprehensive public relations, media strategy consulting and event management services to national and multinational companies. GCME views Racemind HuaDing's role as the event planner for Siemens Ltd. China as a successful first step in its penetration of the public relations industry.

About Greater China Media and Entertainment Corporation:

Greater China Media & Entertainment Corp., (GCME), (the Company), is an integrated professional media and entertainment company which covers various areas including film and TV program production, management, promotion and distribution. The Company maintains its own film and television production center, promotion agency, audio-visual distribution company, digital network company, talent agency, and sales and advertising agency as a result of recent joint ventures. Cumulatively, the company is capable of making films, TV programs and related projects on a large scale.

Joint ventures:

In June 2006, GCME signed and closed an Acquisition Agreement with Triumph Research Limited, which is a BVI company and party to a Joint Venture Agreement with Beijing Tangde International Film and Culture Co., Ltd. (Tangde), a Chinese company focused on producing TV programming and movies. The Company's public relations, media strategy consulting and event management joint venture, Beijing Racemind HuaDing International Marketing Consultants Limited, (Racemind HuaDing) was approved by the Beijing Administration for Industry in May 2007. The Company also signed an agreement with Beijing Star King Talent Agency to form a joint venture to carry on business as a talent agency.

Recent milestones:

Movie and television series production and distribution



* Signed a production and distribution deal with Mega Vision
Productions Limited for its new "Tough Guy" movie.
* Took delivery of its first script for its "True Love" television
series ' to be directed by famed director Wong Jing.
* Signed a production and distribution deal for its "Poor Dad, Rich
Dad" television series with HuaYi Union Cultural Media Investment
Company Limited.

Racemind HuaDing



* Organized Johnson & Johnson "Family Event".
* Selected by Microsoft China as an approved public relations vendor,
and arranged conferences, new product press releases and events.

For more information please visit the Company website at http://www.greaterchinamedia.com