Greater China Media & Entertainment Corp. Subsidiary Signs Services Agreement with Chongqing Yesky Advertising Co.

Greater China Media & Entertainment Corp. Subsidiary Signs Services Agreement with Chongqing Yesky Advertising Co.

BEIJING, Oct. 26 /Xinhua-PRNewswire/ -- Greater China Media & Entertainment Corporation (OTC Bulletin Board: GCME; "GCME"), an integrated professional media and entertainment company, announced that its subsidiary, Racemind HuaDing, signed a service agreement with Chongqing Yesky Advertising Co., Ltd (Yesky) to organize its "New Brand and New Strategy Conference" held at the Beijing Shangri-La Hotel on September 20th.

Racemind HuaDing was selected to manage event administration, stage building and AV operation, as well as preparation of the front zone (Demo zone), for the conference. Total revenue for the contract was US$13,342.

"Contracts such as this provide GCME with important opportunities to not only expand our network, but also to participate in events we feel are important in further developing China's business and entertainment infrastructure," said Jake Wei, Chairman and CEO of Greater China Media & Entertainment. "Our subsidiaries will continue to seek out and participate in these types of agreements, resulting in higher revenue for the company and increased brand awareness throughout 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.

   Recent milestones:     Movie and television series production and distribution     -- GCME signed stars appeared in the 'Invincible' TV Series.    -- Signed a production and distribution deal with Mega Vision Productions       Limited for the new 'Tough Guy' movie. 'Tough Guy' 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. 'Poor Dad, Rich Dad' wrapped up shooting recently.     Racemind HuaDing     -- Arranged 2007 China Canon Exhibition Tennis Tournament.    -- Signed public relations services agreement with CCTV for the 2007       Asia-Pacific Robot Contest.    -- Signed service agreement with Siemens Ltd., China's Transportation       Systems group.    -- Provided public relations services to Beijing ShiChuang Environmental       Protection Development Co., Ltd.    -- Organized Johnson & Johnson "Family Event".    -- 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 & Entertainment Corp.

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

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

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Profile: International Entertainment