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CHMD China Media Group Corporation Announces Advertising Placement for Beijing No. 6 Hospital
Market Wire - February 27, 2006 8:19 AM (EDT)

CEDAR HILL, TX, Feb 27, 2006 (MARKET WIRE via COMTEX) -- China Media Group Corporation (OTC BB: CHMD) ("CMG") announces today that it has been appointed to undertake the advertising placement work for Beijing No. 6 Hospital ("Beijing Hospital") under a cooperative agreement entered into between Beijing Ren Ren Health Culture Promotion Limited ("Beijing Ren Ren") and Beijing Hospital. CMG is the authorized advertising agent and is currently finalizing its acquisition of Beijing Ren Ren.

Mr. Con Unerkov, Chairman of China Media Group stated, "This is the second announced hospital that we have been appointed as advertising agents for, with the first being the Changsha Central Hospital as released on Monday, January 30, 2006. As previously explained we created an internal business unit to strategically pursue advertising within hospitals, as we saw a real market opportunity to differentiate ourselves from the rest of the competition in a highly lucrative and controlled market and thus maximize our revenue earning potential.

"We are looking forward to working with the local government, Beijing Ren Ren and Beijing Hospital to actively seek advertisers who wish to take advantage of this exciting opportunity. We have identified a number of companies both locally and internationally that we feel would most benefit in terms of exposure from this initial opportunity in the nations capital and plan to aggressively target them in the coming weeks. Initially we have been allocated 20 indoor billboard spaces mainly in the Outpatient Department and Clinical Wards."

As previously quoted, healthcare-related advertising in China accounted for approximately USD4.116 billion in 2004 and was ranked as the largest advertising sector representing about 27% of the total ad spent in China according to iResearch, a research and consulting group in China. CMG feels that with its pending acquisition of Beijing Ren Ren, which it is currently finalizing, and their relationship with government sponsors to jointly promote health education and awareness under the national program called The Great Wall of China Project, that it is in an excellent position to emerge as a market leader in hospital healthcare advertising.

About Beijing Hospital:

Beijing No. 6 Hospital is the government hospital located in Beijing, China. It was established in 1885 and is one of the oldest hospitals in Beijing. The hospital has a total area of 15,800 square meters and a total staff of 965 including 271 doctors of which 65 are senior doctors.

About Beijing Ren Ren:

Beijing Ren Ren Health Culture Promotion Limited is a company incorporated in China with office in Beijing. Beijing Ren Ren has been granted a nationwide advertising license in China covering the media of television, newspaper, magazine, outdoor billboards and internet. Beijing Ren Ren has undertaken the Great Wall of China project, a national program, to promote heath education in China.

Additional information concerning Beijing Ren Ren Health Culture Promotion Limited can be found on the web site at http://www.chnamediagroup.net/renren/

About China Media Group Corporation:

China Media Group Corporation (OTC BB: CHMD) is a "Next Generation" advertising / media company focusing on the very lucrative Chinese market. It has offices in China, Hong Kong and Texas, USA. The company was incorporated in Texas on October 1, 2002. The Company is currently entering the fast growing advertising industry in China and plans to expand its offices in key cities such as Shanghai, Guangzhou and Shenzhen. The Company will also cooperate with strategic partners in other cities to serve our clients for nationwide advertising coverage.

Additional information concerning other areas and topics of China Media Group can be found on our web site at http://www.chinamediagroup.net

A number of statements contained in this Report are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Certain written statements in this press release constitute "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995. Words or phrases such as "should result," "are expected to," "we anticipate," "we estimate," "we project," "we intend," or similar expressions are intended to identify forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statements. These risks and uncertainties include demand for our services, product development, our ability to maintain acceptable margins and control costs, the impact of federal, state and local regulatory requirements on our business, the impact of competition and the uncertainty of economic conditions in general, including the timely development and market acceptance of products, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements, since the statements speak only as of the date that they are made, and we undertake no obligation to publicly update these statements based on events that may occur after the date of this document.

Contact:
China Media Group Corporation
Cedar Hill, Texas
[e-mail]

SOURCE: China Media Group Corporation

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