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China New Media Corp. to Present at the Global Hunter Securities 2010 China Conference on July 13

DALIAN, China, July 6, 2010 (GLOBE NEWSWIRE) -- China New Media Corp. (the "Company"), a fast-growing advertising media company operating the largest outdoor media network in Dalian, China, today announced that it will present at the Global Hunter Securities 2010 China Conference, being held July 11-13, 2010 in San Francisco, California. Presentation details are provided below:

Date:               Tuesday, July 13, 2010

Time:               2:30 pm PDT (Room #3)

Location:         The St. Regis Hotel, San Francisco

China New Media will also be available for one-on-one meetings with investors. For scheduling, please book through Global Hunter Securities. Conference participation is by invitation and registration is mandatory. For more information on the conference, contact Global Hunter at 949-274-8050 or go to chinaconf@ghsecurities.com.

About Global Hunter Securities

Global Hunter Securities, LLC is a full-service investment bank focusing on middle market corporate and institutional clients around the world. The firm provides insightful research, innovative capital raising and financial advisory and restructuring services supported by a sales and trading staff with world-wide reach. Global Hunter has offices in San Francisco, Los Angeles, New York, Houston, New Orleans, Newport Beach and Hong Kong, as well as a strong presence and reputation in mainland China. For more information about Global Hunter, please visit http://www.ghsecurities.com.

About China New Media Corp.

Founded in September 2000, 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 advertising services from art design to advertisement 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.

CONTACT:  China New Media Corp.
          Rita Jiang, Executive Vice President of Finance
          646-691-5047
          Rita.jiang@gmail.com

          RedChip Companies, Inc.
          Investor Relations Contact:
          Dave Gentry
            1-800-733-2447, Ext. 104
          Jon Cunningham
            1-800-733-2447, Ext. 107
            info@redchip.com
          http://www.redchip.com