China Century Dragon Media, Inc. Announces Pricing of Public Offering of Common Stock

BEIJING, Feb. 8, 2011 /PRNewswire/ -- China Century Dragon Media, Inc.( NYSE Amex: CDM) ("Century Dragon Media" or the "Company"), today announced the pricing of its public offering of 1,200,000 shares of common stock at a price of $5.25 per share. The underwriters have a 45-day option to purchase up to an additional 180,000 shares of common stock from the Company to cover over-allotments, if any. The offering is expected to close on February 11, 2011, subject to customary closing conditions.

WestPark Capital, Inc., Joseph Gunnar & Co. LLC, and I-Bankers Securities, Inc are co-managers of the offering.

A registration statement relating to these securities in the public offering has been declared effective by the United States Securities and Exchange Commission. The offering of the securities is being made only by means of a written prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained by contacting WestPark Capital, Inc., at 1900 Avenue of the Stars, Suite 310, Los Angeles, CA 90067.  An electronic copy of such prospectus is also available on the web site of the SEC at http://www.sec.gov .

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful under the securities laws of any such state or jurisdiction.

About China Century Dragon Media, Inc.

China Century Dragon Media is a television advertising company in China that primarily offers blocks of advertising time on certain channels on China Central Television ("CCTV"), the state television broadcaster of China and China's largest television network. We purchase, repackage and sell advertising time on certain of the nationally broadcast television channels of CCTV. We assist our customers in identifying the most appropriate advertising time slots for their television commercials based on the customer's advertising goals and in developing a cost-effective advertising program to maximize their return on their advertising investment.  

Contact:
George Duan
CFO & Corporate Secretary
US Cell: 224-208-8855
[e-mail]
Lance Li
IR Manager
US: 646-380-2455
[e-mail]
Kimberly Minarovich
Managing Director
Mobile: [phone]
www.christensenIR.com
BPC Financial Marketing
John Baldissera
Phone: [phone]

SOURCE China Century Dragon Media, Inc.

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