Note: Recognizing that the success or failure of Asian and Asian
American businesses/media options affect each other, the below-listed
information is strategic to having additional successful media
options providing Asian and Asian American content that provides
outlets for films such as BLT.
*
With TopTV USA's acquiring financial partners having a majority stake
in the company - as noted by the below-listed press release, what
will be the future status of TopTV USA's current CEO - Able Kwan?
*
With the fast-growing importance and value of having the proper
professional management providing Asian content, careful examination
is needed of all companies such as TopTV USA.
*
For those interested in having viable media outlets for Asian content
throughout the U.S., contact the below-listed resources for
additional information and their January 8, 2009 meeting at Monterey
Park's Luminares Restaurant at 5:00 P.M..
========
PRESS RELEASE
Chinese Media Group Corp. to Acquire Majority Stake in TOPTV USA
http://www.businesswire.com/portal/site/pecom/template.MAXIMIZE/menuit
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For More Info:
TopTV USA
(626) 617-8966 / (626) 214-2978
able@...
peter@...
Website: http://www.toptvusa.com
*
Contacts
All Line, Inc.
Won J. Chang
213-624-0113
*
East Media Holdings
14111 Freeway Drive Suite 300
Santa Fe Springs,CA 90670, USA
Tel.: +1 562 407 1111
E-mail: info@...
-
LOS ANGELES--(BUSINESS WIRE)--All Line, Inc., (Pink Sheets:ALIN), a
company engaged in telecommunications, multimedia, and IT
development, today announced that Chinese Media Group Corporation
(www.cmgc.tv) has signed a letter of intent to acquire a 51% equity
stake in TOPTV USA (www.toptvusa.com), the first ever 24/7 free-to-
air digital Chinese TV channel in the U.S. providing digital TV
programs to overseas Chinese in Los Angeles and Orange Counties, CA.
Terms of the transaction are not disclosed but a definitive agreement
is expected to be consummated in the very near future.
All Line had signed an agreement to acquire 10% of Chinese Media
Group Corp., with an option to purchase another 41% to have majority
control of CMGC in the future on terms and conditions mutually
acceptable to both parties.
On Thursday, January 1, 2009 at 8 a.m. (PST), millions of spectators
from around the world will celebrate the New Year with the 120th Rose
Parade themed "Hats Off To Entertainment". TOP TV – LA18.6, will
broadcast live this majestic event in Chinese narration for the first
time in history to serve over 1 million Chinese TV viewers in Los
Angeles.
Allen Wu, Chairman of CMGC, reiterated: "With Chinese Americans
representing the largest Asian-American group in the U.S., one and
half billion Chinese-speaking population in Greater China and
throughout ASEAN and beyond, we expect to witness exciting
developments going forward and the potential to reach an enterprise
value of $300 million or more for CMGC in the next three to five
years."
About All Line
All Line, Inc. (OTC Pink Sheets: ALIN) is a Nevada corporation
engaged in telecommunication, multimedia, IT development, and
environmentally friendly energy and resources. The Company has
established strong business ties in these areas with Korea and other
Asian countries. For more information, visit the Company's web site
www.allline.com.
About Chinese Media Group
Chinese Media Group Corporation (CMGC) was established by a group of
seasoned media veterans and is a majority owned subsidiary of East
Media Holdings Inc. (EMHI) (www.emhi.net). CMGC aims to own and
operate Chinese multimedia, including print, online, on air and
convergence, across the Americas and Asia-Pacific. Web site:
www.cmgc.tv
Safe Harbor: This news release contains forward-looking statements
that are subject to certain risks and uncertainties that may cause
actual results to differ materially from those projected on the basis
of such forward-looking statements. Such forward-looking statements
are made based upon management's beliefs, as well as assumptions made
by, and information currently available to, management pursuant to
the "safe-harbor" provisions of the Private Securities Litigation
Reform Act of 1995.
=
All Line Inc. Acquire Equity Interest in Chinese Media Group
http://www.freshnews.com/news/fresh-money/article_47094.html
LOS ANGELES--- All Line Inc. Signs Definitive Agreement to Acquire
Equity Interest in Chinese Media Group Corporation Creating a $300
Million Business Opportunity
12/15/2008 @ 9:29 AM print this article - email to a friend - join
our eNewsletter
All Line, Inc., (Pink Sheets:ALIN), a company engaged in
telecommunications, multimedia, and IT development today announced
that on December 12, 2008 the Company signed a definitive agreement
to acquire a ten percent ownership in Chinese Media Group Corporation
(CMGC), a company focused on providing multi-media contents to
overseas Chinese, which has the potential to reach an enterprise
value of more than $300 million in the next three to five years.
According to the agreement, All Line agrees to pay CMGC $1,000,000 in
cash and 15,000,000 shares of All Line restricted stock for the
initial 10% stake in CMGC. The transaction is scheduled to close on
or before February 13, 2009. All Line also has an option to acquire
another 41% of CMGC in the future on terms and conditions mutually
acceptable to both parties.
The acquisition of CMGC is part of All Line's new initiative to own
interests in select Asian multi-media businesses that have potential
for sustainable growth with a goal to eventually consolidate highly
successful ones under a new All Line's Asian multimedia division in
the future.
Allen Wu, Chairman of East Media Holdings (EMHI) which owns the
majority of CMGC, stated: "With Chinese Americans representing the
largest Asian-American group in the U.S., one and half billion
Chinese-speaking population in Greater China and throughout ASEAN and
beyond, we expect to witness exciting developments going forward and
the potential to reach an enterprise value of $300 million or more
for CMGC in the next three to five years."
Won Jai Chang, President of All Line, concurred: "We are very excited
about the definitive agreement with Chinese Media Group. This fits
well with All Line's new initiative to own interests in select Asian
multi-media businesses that have potential for high growth and we
believe this will increase the market value of our company."
About All Line
All Line, Inc. (OTC Pink Sheets:ALIN) is a Nevada corporation engaged
in telecommunication, multimedia, IT development, and environmentally
friendly energy and resources. The Company has established strong
business ties in these areas with Korea and other Asian countries.
For more information, visit the Company's web site www.allline.com.
About Chinese Media Group
Chinese Media Group Corporation (CMGC) was established by a group of
seasoned media veterans and is a majority owned subsidiary of East
Media Holdings Inc. (EMHI) (www.emhi.net). CMGC aims to own and
operate Chinese multimedia, including print, online, on air and
convergence, across the Americas and Asia-Pacific. Web site:
www.cmgc.tv