Great China Mania Holdings, Inc. Issues an Annual Update to Shareholders
HONG KONG, Apr 17, 2012 (MARKETWIRE via COMTEX) --
Great China Mania Holdings, Inc. (OTCBB: GMEC) (the "Company" or "
Great China Mania Holdings Inc.) and its wholly owned subsidiary
Great China Media Limited, released its 10-K annual report and
reported a sales revenue increase of $5,371,787 during 2011 as
compared to nil in 2010. The gross profits increased to 1,143,333 in
2011 as compared to nil in 2010. The change was mainly due to the
establishment of new and entirely different operations during 2011.
The revenue generated from artist and project management services
operation, publication of magazines operation, and retail of video
games and accessories operation newly established were $1,106,507,
$2,641,324 and $1,623,956, respectively. The company's sources of
revenue are mainly originated from Hong Kong and China.
Great China Mania Holdings, Inc. is an electronic content provider
that creates and provides leisure and lifestyle-related electronic
content to Hong Kong, Macau and China.
The company provides 3 main products and services:
1. Electronic content in the form of electronic magazines
Great China Mania Holdings, Inc. has established distribution
agreements with various major operators in Hong Kong, Macau, and
China. Customers can purchase subscription packages through the
portal websites of their cell phone operators or through their cell
phone and mobile devices directly. The contents of the company's
electronic magazines will be regularly pushed to customers' cell
phones and mobile devices through MMS and SMS once they have
subscribed for the package. Subscription revenues are split between
the company and cell phone operators.
About Great China Mania Holdings Inc.:
Great China Mania Holdings, Inc. (OTCBB: GMEC), through its
subsidiaries, engages in the provision artiste and project management
services; publication of magazines; retail operation of video games
and accessories; and investment activities. It organizes artists to
participate in movies, event management, and promotion for its
clients. The company publishes eight weekly or bi-weekly magazines
that specialize in computer technologies, video games, digital
equipment, and automobiles. It operates two retail stores to sell
video game machines, as well as video games and accessories. The
company was formerly known as Great East Bottles & Drinks (China)
Holdings, Inc. and changed its name to Great China Mania Holdings,
Inc. on March 16, 2011. Great China Mania Holdings, Inc. is based in
Kowloon, Hong Kong.
Safe Harbor Statement
Information in this document constitute forward-looking statements or
statements which may be deemed or construed to be forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. The words "forecast," "anticipate," "estimate,"
"project," "intend," "expect," "should," "believe," and similar
expressions are intended to identify forward-looking statements.
These forward-looking statements involve, and are subject to known
and unknown risks, uncertainties and other factors which could cause
Great China Mania Holdings actual results, performance (financial or
operating) or achievements to differ from the future results,
performance (financial or operating) or achievements expressed or
implied by such forward-looking statements. The risks, uncertainties
and other factors are more fully discussed in Great China Mania
Holdings filings with the U.S. Securities and Exchange Commission.
All forward-looking statements attributable to Great China Mania
Holdings herein are expressly qualified in their entirety by the
above-mentioned cautionary statement. Great China Mania Holdings
disclaims any obligation to update forward-looking statements
contained in this estimate, except as may be required by law.
Flat 1902, 19/F, Kodak House 2
Java Road, North Point
North Point, Hong Kong, China
Email: Email Contact
SOURCE: Great China Mania Holdings
[ Back To Mobile Security Homepage's Homepage ]