Exhibit 99.1
 

 
China New Media Corp. Reports Second Quarter Fiscal Year 2011 Financial Results
 
·  
Q2 FY 2011 Revenue Increases 27.3%Year-over-Year to $5.05 million, Net Income Increases 10.9% to $1.3 million
·  
Q2 Gross Margins were  55.8% and Operating Margins were 37.5%
·  
Six Months Revenue Increases 28.5% Year-over-Year to $9.2 million, Net Income Increases 14.8% to $2.3 million

DALIAN, China, Feb. 14, 2011 – (PR Newswire) – China New Media Corporation (OTCBB: CMDI), China’s fast-growing advertising company with current outdoor media network located in Dalian, Shenyang, Tianjin and Shanghai, today announced the financial results for its second quarter of fiscal year 2011 ended in December 31, 2010.

Financial Summary
 
Second Quarter FY 2011 Results (USD)
(Three months ended December 31, 2010)
 
 
Q2 2011
 
Q2 2010
 
CHANGE (%)
           
Revenue
$5.0 million
 
$4.0 million
 
+27.3%
Gross Profit
$2.8 million
 
$2.3 million
 
+24.3%
Net Income
$1.3 million
 
$1.1 million
 
+10.9%
EPS (Fully Diluted)
$0.05
 
$0.04
 
+25.0%
 
 
First Six Months FY 2011 Results (USD)
(Six months ended December 31, 2010)
 
 
Six Months FY2011
 
Six Months FY2010
 
CHANGE (%)
           
Revenue
$9.2 million
 
$7.1 million
 
+28.5%
Gross Profit
$5.2 million
 
$4.2 million
 
+22.8%
Net Income
$2.3 million
 
$2.0 million
 
+14.8%
EPS (Fully Diluted)
$0.09
 
$0.08
 
+12.5%
 
“We are pleased with our performance in the second quarter of fiscal year 2011. With our continuous focus on expanding our outdoor media network and aggressively seeking new sales contracts, our business remains strong and growing,” stated Mr. James Wang, Chairman and Chief Executive Officer of China New Media. “We continue to focus on building our brand name to earn new clients and to foster client loyalty with our existing customer base. Our presence in Dalian, Shenyang, Tianjin and Shanghai was further strengthened, with new platforms added and being constructed in all those cities. We believe that our strong performance demonstrates the effectiveness of our business strategy of aggressively expanding our media platform into major cities of China, and to penetrate further into the markets where we are established. We expect to see continued growth in 2011.”

 

 
 
 

The following information was filed by V Media Corp (CMDI) on Wednesday, February 16, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate V Media Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by V Media Corp.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account