Greater China Media & Enterainment Corp.(fka GTCN)

[Nafariouss]

Poor Dad, Rich Dad TV Series Wraps Up

BEIJING, Sept 18, 2007 /Xinhua-PRNewswire via COMTEX/ -- Greater China Media & Entertainment Corporation (OTC Bulletin Board: GCME) (GCME), an integrated professional media and entertainment company, today announced that the 'Poor Dad, Rich Dad' TV drama has wrapped up shooting in Australia.

'Poor Dad and Rich Dad' was created through a joint investment by GCME and Beijing Hua Yi Union Cultural Media Investment Company Limited, a professional media company renowned for its quality movie and TV products. Total investment for the show was approximately US$1.97 million. GCME will be entitled to 33% of profits generated from the series.

'Poor Dad and Rich Dad' is a story about the generation gap, family intimacy and the growing pains of youth. Lead actor Chen BaoGuo, a prominent and popular performer in both movies and television, has expressed his pleasure in working on the project with popular GCME signed actresses Tang XiaoXiao from Mainland China, and Yin Shin from Taiwan. In 'Poor Dad and Rich Dad', Tang XiaoXiao plays the daughter of Chen's friend, while Yin Shin performs the role of Chen's lover.

Tang XiaoXiao has appeared in a number of Chinese TV dramas since graduating from one of the most prestigious acting colleges in China, the Beijing Film Academy. Her prankish and adorable role in 'Poor Dad and Rich Dad' establishes her as the next big star of television and movies. Yin Shin, an exceptional actress who is well-known to the Chinese audience for her previous leading roles, delivers a breakthrough performance that showcases both her talent and her professionalism.

"In addition to the fabulous performances by some of our leading actors, audiences will find the spectacular Australian scenery and stunning camerawork to be a compelling and appropriate backdrop for this exceptional television series," said Mr. Wei, Chairman and CEO of Greater China Media & Entertainment Corporation. "We're very pleased at the quality of this program and we look forward to introducing viewers to these compelling characters."

About Greater China Media and Entertainment Corporation:

Greater China Media & Entertainment Corp. ("GCME" or the "Company") is an integrated professional media and entertainment company covering 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. With its broad range of media and entertainment talents, 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 organized in 2006 and approved for business 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
-- Promoted the film 'Tough Guy' at the 2007 China International Film & TV
Programs Exhibition
-- Signed a production and distribution deal with Mega Vision Productions
Limited for 'Tough Guy'.
-- 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
-- Provided public relations services for the 2007 Asia-Pacific Robot
Contest sponsored by CCTV, China's national television network
-- Designed and produced "Environmental Protection Park Green Law and
Service Brochure" for Beijing ShiChuang Environmental Protection
Development Co., Ltd.
-- Organized Siemens' "CRH3"project and its "Chinese Solutions for
offshore Shipbuilding Oil and Gas Press Briefing" press release
-- Organized Johnson & Johnson's "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.

Forward-looking statements:

This report contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this report are forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors; developments of the Chinese and North American markets and changes in regulatory matters; our business strategies and future plans of operations; the market acceptance and amount of sales of our products and services; our historical losses; the competitive environment within the industries in which we compete; and our ability to raise additional capital, currently needed for expansion.

The Company cautions that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements due to several important factors.

For more information, please contact:

Greater China Media & Entertainment Corp.
Jake Wei
Phone: [phone]


SOURCE Greater China Media & Entertainment Corporation

URL: http://www.greaterchinamedia.com
www.prnewswire.com