Greater China Media & Entertainment Corp. Subsidiary Manages Events for Canon

Greater China Media & Entertainment Corp. Subsidiary Manages Events for Canon

BEIJING, Dec. 14 /Xinhua-PRNewswire/ -- Greater China Media & Entertainment Corporation (OTC Bulletin Board: GCME; "GCME"), an integrated professional media and entertainment company, announces that its subsidiary, Racemind HuaDing, recently completed two agreements with Beijing Dentsu Advertising Co., Ltd. (Dentsu) to arrange events for Canon Inc., an advertising client of Dentsu.

The first agreement with Dentsu was to plan and organize the "2007 ANA Beijing International Marathon" at the Beijing Olympic Sports Center on October 21, 2007. According to the terms of the agreement, Racemind HuaDing oversaw the Canon participants, built the stage and managed AV equipment. Projected value of the contract was US$45,379.

The second agreement was to manage the "Canon Asian Expo 2007" at the Beijing Great Wall Hotel on November 16, 2007. The event consisted of four parts: Strategies Conference, Press Release, Cocktail Party and Banquet. Racemind planned and oversaw the event including drafting speeches for the emcees, providing AV equipment, etc. Projected value of the contract was US$213,000.

"We are very pleased to be extending our long-standing relationship with Dentsu, whose top management and well defined advertising concepts make it one of the best advertising companies in the business", stated Jake Wei, Chairman and CEO of Greater China Media & Entertainment Corporation. "With highly commercial projects like "Canon Asian Expo 2007" and the continued support of clients like Dentsu, we are confident that Racemind Huading will quickly become one of the leading public relations companies in China."

About Greater China Media and Entertainment Corporation:

Greater China Media & Entertainment Corp. ("GCME" or the "Company") is an integrated professional media and entertainment company covering various areas including film and TV program production, management, promotion and distribution. The Company maintains its own film and television production center, promotion agency, audio-visual distribution company, digital network company, talent agency, and sales and advertising agency as a result of recent joint ventures. With its broad range of media and entertainment talents, the Company is capable of making films, TV programs and related projects on a large scale.

Joint Ventures:

In June 2006, GCME signed and closed an Acquisition Agreement with Triumph Research Limited, a BVI company and party to a Joint Venture Agreement with Beijing Tangde International Film and Culture Co., Ltd. (Tangde), a Chinese company focused on producing TV programming and movies. The Company's public relations, media strategy, consulting and event management joint venture, Beijing Racemind HuaDing International Marketing Consultants Limited (Racemind HuaDing) was organized in 2006 and approved for business by the Beijing Administration for Industry in May 2007. The Company also signed an agreement with Beijing Star King Talent Agency to form a joint venture to carry on business as a talent agency.

Milestones

Movie and television series production and distribution

-- GCME closed first round of private placement for US$1.6 million.
-- GCME-signed stars appeared in the 'Invincible' TV Series.
-- Signed a production and distribution deal with Mega Vision Productions
Limited for the new movie 'Tough Guy'. The movie completed shooting
recently.
-- Took delivery of its first script for its 'True Love' television series
to be directed by famed director Wong Jing.
-- Signed a production and distribution deal for its 'Poor Dad, Rich Dad'
television series with HuaYi Union Cultural Media Investment Company
Limited. The series wrapped up shooting recently.

Racemind HuaDing

-- Provided Public relations services to and organized "Family Event" for
Johnson & Johnson Medical Ltd.
-- Arranged 2007 China Canon Exhibition Tennis Tournament.
-- Signed public relations services agreement with China Central
Television (CCTV) for the 2007 Asia-Pacific Robot Contest.
-- Signed service agreement with Siemens Ltd., China's Transportation
Systems group. Organized the 10th Anniversary Ceremony of Siemens
Management Institute
-- Selected by Microsoft China as an approved public relations vendor,
and arranged conferences, new product press releases and events.

For more information, please visit the Company website at http://www.greaterchinamedia.com/.

Forward-looking statements:

This report contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this report are forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, economic and political factors; developments of the Chinese and North American markets and changes in regulatory matters; our business strategies and future plans of operations; the market acceptance and amount of sales of our products and services; our historical losses; the competitive environment within the industries in which we compete; and our ability to raise additional capital, currently needed for expansion. The Company cautions that forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements due to several important factors.

For more information, please contact:

Greater China Media & Entertainment Corp.
Jake Wei
Tel: +86-10-5921-2333

Source: Greater China Media and Entertainment Corporation

CONTACT: Jake Wei of Greater China Media & Entertainment Corp.,
+86-10-5921-2333

Web Site: http://www.greaterchinamedia.com/

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