China New Media Launches 6,327 Square Foot LED Screen Located Atop the 22-Story Golden Hotel in Shenyang City

DALIAN, China, November 16, 2011 /PRNewswire-Asia/ -- China New Media Corp. (OTCBB: CMDI) (the "Company"), China's fast-growing advertising media company with current outdoor media network located in Dalian, Shenyang, Tianjin, Shanghai and Beijing, today announced the official launch of a LED screen located atop the 22-story Golden Hotel in Shenyang City. With 558 square meters in size, or approximately 6,327 square feet, this LED screen is the largest LED screen owned and operated by China New Media in Shenyang. The Company has signed a three-month advertising agreement with China Resources Land Co., Ltd.

Shenyang City is at the heart of the economic and cultural center of Northeastern China. The Golden Hotel is a landmark in Shenyang and located at the busy intersection of Qingnian Avenue and Zhongshan Road. The hotel and LED screen atop the building is in close proximity to high traffic areas including Sanhao Street, the Silicon Valley of Shenyang and the commercial center of the North Railway Station.

Mr. James Wang, Chairman and CEO of China New Media, stated, "The key to our success, as evidenced by the recent LED billboard at the Beijing Capital International Airport and now atop of the 22-story Golden Hotel landmark in Shenyang City, is providing the optimal and most highly trafficked locations for our advertising clients. We are constantly exploring new opportunities to use our differentiating expertise in order to be financially beneficial for our company and our brand. We are evaluating several other potential projects in Shenyang and other markets where we operate to expand our existing advertising network."

About China New Media Corp.

Founded in September 2000, Dalian Vastitude Media Group Co., Ltd., now known as China New Media Corp., is headquartered in Dalian, the commercial center of Northeastern China. The company owns and operates the city's largest outdoor media network encompassing over 600 bus shelters furnished with billboards and displays; 130 taxi stops with displays; and 13 large-size billboards, including 3 large-size LED displays at major traffic conjunctions. The company also furnishes more than 400 buses with advertising posters and 28 metro-trains throughout Dalian Metro Lines. China New Media provides comprehensive adverting services from art design to ad publishing, from daily maintenance to technical upgrading. Launched in Dalian in 2009, China New Media's proprietary LED multimedia display network, City Navigator®, is one of the country's first web-based outdoor advertising networks.

Forward-Looking Statements

This press release may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements", including statements regarding the Company's ability to meet its obligations under its various contracts; the timeliness of payments and other economic benefits the Company expects to receive under such contracts; and the Company's ability to maintain its customer relationships and to maintain its ability to pursue its commercial objectives. In addition, the Company's operations are conducted in the PRC and, accordingly, are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe such as risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company's results may be adversely affected by changes in the political and social conditions in the PRC and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.