China Marketing Media (OTC BB:CMKM)

GeoTeam® September 2010 Rodman & Renshaw notes:

China Marketing Media (OTC BB:CMKM)

• Professional magazine specifically targeted to sales and marketing professionals. Was publishing one edition per month, but now doing three.
• Demand for print media still exist in professional magazines.
• Advertising in magazines drives traffic to site for online sales of electronics, cosmetics and apparel. Will be adding additional product lines.
• Also advertises via credit card statements through agreements with banks credit card statements.
• Margins on online sales thin, but CMKM makes money on magazine advertising. Gross margin for online sales are 10 to 13%, advertising margin 70%.
• CFO has only been with company for two months.