China MediaExpress Holdings, Inc. (fka CCME)

[redman_2014]

I know management just mentioned Eading in their PR, but would Switow even classify as an online distributor since the orders are passed directly onto contracted advertisers(or licensed distributors)? I personally do not think so. They are merely providing an online advertising medium and act like a telephone switchboard. That's my take on it anyway.

Muddy Waters report states:

'AAPL only has two online distributors in China, one of which is Amazon.com subsidiary Joyo(www.amazon.cn). AAPL does not have any agreement with SWITOW (or CCME). Further it does not permit its China licensees to sub-license. Therefore, CCME is abjectly lying about this agreement.


From the Switow press release:

'SWITOW orders will directly pass to the contracted advertisers who are solely responsible for order fulfillment and bear all inventory risks, as well as all post-sale obligations. A percentage of the sale of the listed items will be earned by SWITOW'

http://ih.advfn.com/p.php?pid=nmona&article=45798891


-Adam