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Share Name | Share Symbol | Market | Type |
---|---|---|---|
GME Innotainment Inc (CE) | USOTC:GMEV | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
Great China Mania Holdings, Inc. (the "Company" or "GMEC"), a leading entertainment and media company, is pleased to announce the launching of a new brand, which sells female lingerie and home wear products in China through its ownership in LaaNaa (Asia) Holdings Limited (“LaNaa”). The Company has started filing paperwork for its 30% ownership of LaaNaa.
LaaNaa is the designer, manufacturer, and seller of female lingerie and home wear products. Its products are sold through its official website, www.laanaa.com, through Tmall.com, a leading e-commerce site in Asia, and through other outlets. LaaNaa is GMEC’s first partnership in creating its own brand that combines its artist’s lifestyle and image in a consumer products and fashion line, which cause GMEC being able to integrate its intangible entertainment business into tangible consumer products and brand name in the China’s consumer market.
LaaNaa has been funded with over US$4.5 million, out of which approximately US$650,000 upfront has already been received and the balance shall be received upon US$6.5 million sales target is achieved in 2015.
“Chrissie has broad appeal to women throughout China and Asia and we have utilized this advantage to create the brand endorsed by her. We are pleased that the Company was able to capture this opportunity, which helps us to blend our entertainment business with consumer products and get GMEC to penetrate into the China’s consumer market,” said Roy Kwong, our CEO. “Considering there are tremendous revenues opportunities in China consumer markets, we are determined to capture more of these business developments in the future.”
About the Company
GMEC is a leading entertainment and media company with operations across Asia, Europe and United States.
Safe Harbor Statement
Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Great China Mania Holdings, Inc.Ian Ip, 852-3543-1208ir@greatchinamania.com
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