Palm Beach, FL 2/14/12 (StreetBeat) – China Global Media, Inc.'s (OTCBB: CGLO) affiliated operating company Changsha Zhongte Trade Advertising Co., Ltd. has signed an advertisement agreement with Luolai Home Textile Co., Ltd. ("Luolai"). Luolai is one the of top home textile manufacturing and sales companies in China. Under this agreement, Zhongte will place advertisements for Luolai's home textile products on Hunan Satellite Television Channel. The term of the agreement is nine months, from March 2012 to November 2012. The total advertisement fee under this agreement is approximately US $4.9 Million.About China Global Media, Inc.
China Global Media, Inc. mainly engages in the business of advertisement and brand name development in China, especially in Hunan Province and other southern Chinese provinces. It carries out business operations through its Hong Kong subsidiary Phoenix International (China) Limited, its Chinese subsidiary Hunan Beiwei International Media Consulting Co., Ltd., and, by contractual arrangement, its three affiliated operating entities including Changsha North Latitude 30 Cultural Communications Co., Ltd., Changsha Beichen Cultural Communications Co., Ltd. and Changsha Zhongte Trade Advertising Co., Ltd.
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