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CDGT is bound to soar


 Investment Times Alert Issues: (STRONG BUY) We see BIG movement in this company..
The news speaks for itself..
CHINA DIGITAL MEDIA CORPORATION REPORTS STRONG FINANCIAL RESULTS
 
Revenues and Net Income Increase 59% and 38% Respectively

SYMBOL: CDGT
Current Price: $2.48
2-5 Day Trading: $5-7 
 
Press Release Source: China Digital Media Corporation 

China Digital Media Corporation Reports Strong Financial Results: Second Quarter of 2005 Revenues and Net Income Increase 59% and 38% Respectively
Monday August 15, 8:00 am ET 

HONG KONG, Aug. 15 /Xinhua-PRNewswire-FirstCall/ -- China Digital Media Corporation ("Digimedia") (OTC Bulletin Board: CDGT - News) announced today its financial results for the Second Quarter ended June 30, 2005. 
Financial Highlights for the Three Months Ended June 30, 2005 Compared to the Three Months Ended June 30, 2004: 


     -- Revenues increased 59% to $1,310,811 from $822,210
     -- EBITDA improved 80% to $996,975 from $554,723
     -- Net Income increased 38% to $705,651 from $511,411

Financial Highlights for the Six Months Ended June 30, 2005 Compared to the Six Months Ended June 30, 2004: 


     -- Revenues increased 56% to $2,304283 from $1,481,519
     -- EBITDA improved 78% to $1,697,766 from $951,343
     -- Net Income increased 29% to $1,143,504 from $883,255

The strong performance in the second quarter of 2005 compared to the same period in 2004 was primarily due to the increase in number of TV subscribers, sales of Pay-TV and revenues from commercial accounts of digitalization of television signals. Furthermore, the company experienced significant growth in the second quarter of 2005 as compared to the first quarter of 2005. 

"We are very delighted with our strong performance in the second quarter of 2005. These results confirm our efforts in migration of the television broadcasting system and the operations of Pay-TV services in Nanhai, China. In addition, the per-subscriber revenue has increased significantly," said Mr. Daniel Ng, Chairman and CEO of China Digital Media Corporation. "We anticipate continued strong results from our core business. Our recent investments and upcoming acquisitions could further contribute considerably in our growth during the second half of 2005," Mr. Ng added.

 
WE TOLD YOU MONDAY WAS GOING TO BE WOW, WATCH TUESDAY AS IT EXPLODES AGAIN !!!!!!!


Our business plan is to develop our operations so that they represent one of the fastest growing companies in the China broadcasting media and Cable TV industry. We have made substantial progress in reaching our goals to date. After the reverse merger, we have strengthened our management teams and committed ourselves to cover three areas of the media industry. These three areas are: 


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