China Mediaexpress Holdin (PINK:CCME)

Tm Entertainment & Med is in the process of consummating a share exchange with China MediaExpress.  The proposed transaction still needs to be approved by TM shareholders.  The closing of the transaction is anticipated to occur in the third quarter of 2009.

CME operates the largest television advertising network on inter-city express buses in China. CME generates revenue by selling advertisements on its network of television displays installed on express buses originating in nine of China’s regions, including the four municipalities of Beijing, Shanghai, Tianjin and Chongqing and five provinces, namely Guangdong, Jiangsu, Fujian, Sichuan and Hebei.

Tm Entertainment & Med, upon closing, will issue 19.5 million common shares and $20.0 million in cash in exchange for 100% of CME for total initial consideration of approximately $174.2 million.  After the closing, there will be approximately 28.9 million basic and 32.7 million fully diluted ordinary shares outstanding.

The GeoTeam® will follow this story closely, due to the company's strong net income growth in 2008 and aggressive net-income incentive targets.

Revenue Highlights

• 2008 net revenue of $63.0 million  increased 123% over 2007
• 269% CAGR (compound annual growth rate) in net revenue from 2006 to 2008

Net Income Highlights

• 2008 net income of $26.4 million, increased 246% over 2007
• 404% CAGR (compound annual growth rate) in net income from 2006-2008

2009 First Quarter Highlights

• Net revenues increased 24% to $18.8 million compared to $15.1 million
• Net income increased 16% to $7.5 million compared to $6.4 million

Please see net income incentive targets.

The GeoTeam® will provide updates concerning the progress of the consummation of the share exchange.