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Looking for a company with some good news? Here's one!
***** CDGT ***** CDGT ***** CDGT ***** CDGT ***** CDGT ***** CDGT *****
Major Financial NEWS
CDGT has more News that came.
Looks like CDGT is not willing to miss a beat!
SYMBOL: CDGT
CURRENT PRICE: $2.20
Short-Term : $6
China Digital Media Corporation Announces
Launch of IP Based Set-Top-Box In China
Monday August 22, 8:00 am ET
HONG KONG, Aug. 22 /Xinhua-PRNewswire-FirstCall/ --
China Digital Media Corporation ("Digimedia") (OTC Bulletin Board: CDGT - News)
today announced the launch of a trial for a new IP based Set-Top-Box ("STB") in Nanhai,
a city in Guangdong province with 400,000 Cable TV subscribers. The Company is one
of the first digital TV operators in China to deploy the trial of IP based STB
with its high-end users. The new STB in trial is equipped with an Ethernet port
which could facilitate various Internet based services to end users;
such as video-on-demand, online shopping channels, online games
and interactive education services. The new STB is developed in coordination
with Shenzhen Coship Electronics Co. Ltd. ("Coship") that could transform
a television set into an interactive and a multimedia platform.
"Partnering with Coship in developing the IP based STB is our strategy
in advancing the quality of our broadcasting services. We believe the provision
of value-added services through digitalized network will be a new business model
in digital TV operation and this new IP based STB will give us a head start,"
said Mr. Daniel Ng, Chairman and CEO of China Digital Media Corporation.
"We intend to invest and participate in system migration projects in other cities
like our Nanhai model. This collaboration with Coship and the new IP based STB
will provide us a convincing advantage to gain more contracts in the future
that would allow our Company to grow faster and to enlarge our service coverage,"
Mr. Ng added.
About China Digital Media Corporation :
China Digital Media Corporation (OTC Bulletin Board: CDGT - News) focuses
its business in three main areas: Cable TV Operations, Programs Production
and Advertising Sales. Arcotect Technology (GZ) Limited, a wholly owned subsidiary
of CDGT in China, is the sole contractor and operator of digital television services
in Nanhai, a city with 400,000 cable TV subscribers. The service could offer
more than 800 digital channels of pay TV programs and value added
multimedia services. The Group is seeking to establish similar models elsewhere
in China.
About Shenzhen Coship Electronics Co. Ltd.
This is a company to watch closely starting NOW! They have been known to make
BIG moves and we feel there is one coming !!!
Last time we issued a watch we watched CHMS go from .36 to .73 in 4 DAYS !
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