DALIAN, Liaoning, China, Dec. 21 /CNW/ - Arshad Shah, President and CEO
of Exchange Media Corp., (EXMD.PK) announces on behalf of the Company.
EXMD plans to focus on other sector of industries, which in the Board's
opinion will be beneficial for the Company and its shareholders.
In the past 24 months, since the beginning of the global financial
meltdown, the Board felt that the Telecomm sector was cost intensive
and highly competitive especially given the adverse financial
conditions facing the industrialized economies.
As a part of our diversification plan, the Company will change its name
and request a new symbol subject to regulatory approvals pending
identification of the new industrial sector that the Company will seek
About: Exchange Media Corp.
The Exchange Media audio/video content distribution platform will
provide download service of audio/video content. Users will download
audio/video content they like through logging on to the proprietary
service website or OTA mode. The platform will actively send subscriber
selected content to users and download to their mobile handheld device
after payment confirmation.
FORWARD LOOKING STATEMENTS
The statements contained herein which are not historical are
forward-looking statements that are subject to risk and uncertainties
that could cause actual results to differ materially from those
expressed, including but not limited to, certain delays beyond the
Company's control with respect to market acceptance of new technologies
or products, delays in testing and evaluation of products, and other
risks detailed from time to time in the Company's press releases.
SOURCE Exchange Media Corporation
For further information:
Exchange Media Corp.,
Phone: (604) 687-7472,
Fax: (604) 677-0808,