China Advanced Technology Announces Film Distribution Acquisition and New Management.

China Advanced Technology Announces Film Distribution Acquisition and New Management.

LOS ANGELES, Oct. 31, 2011 /PRNewswire/ -- China Advanced Technology (OTC Bulletin Board: CADT) China Advanced Technology announces Film Distribution acquisition and new management.

China Advanced Technology announces that on October 26, 2011 it closed on the acquisition of Goliath Film and Media International, a Los Angeles film production and distribution company. Goliath Film and Media International is now a wholly-owned subsidiary of the company. In connection with the acquisition, Goliath's management personnel were elected to the Board of Directors and as officers. Lamont Roberts was elected as President and CEO, John Ballard was elected as Chief Financial Officer, and Kaila Criscione was elected as Chief Operating Officer. The purchase price for the acquisition was paid by the issuance of 5,875,000 shares of common stock. A Current Report on Form 8-K will be filed by Monday, October 31, 2011 with further information on Goliath.

The Company has filed an Amendment of its Articles of Incorporation with the Nevada Secretary of State to change its name to Goliath Film and Media Holdings and will also be effecting an 8-for one forward stock split; this will result in each shareholder receiving 7 additional shares for each share held on the record date (to be announced). Shareholders will not be required to surrender their existing share certificates. The stock split, and the anticipated OTCBB stock symbol change, are both subject to FINRA approval but are expected to be completed in November 2011.

Lamont Roberts stated "I am pleased to be a part of a corporation that has made a solid commitment toward developing, producing and marketing film, television and multi-media content targeting various important niches within the global community."

Goliath Film and Media

Goliath Film and Media International Incorporated (GFMI) is structured to become a leading force in the global entertainment industry. GFMI growth capacity is upwardly exponential with tri-fold reinforcement in development, production, and distribution of media content. First, GFMI embraces the duty to develop socially responsible media that portrays strong minorities of all forms. GFMI will cater to educational, faith based, and other expanding niche markets. Second, the company will specialize in producing lower budget films that capitalize on the use of emerging cinematic technology. Third, GFMI will service the industry's need for an effective distribution mechanism for independent films. The company recognizes that there are limited opportunities for independent filmmakers to distribute their completed films and aims to supply a platform of sales and marking tools that those talented filmmakers can merge with.

Safe Harbor

This News Release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.

SOURCE China Advanced Technology

China Advanced Technology

CONTACT: Goliath Film and Media Holdings, +1-949-484-5348

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