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E-Publishing Partnership for Sun New Media |
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Written by WAPYB Staff
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Friday, 15 September 2006 |
Sun New Media Announces Exclusive E-Publishing Partnership with State Publishing Group
BEIJING, Sept. 13 /PRNewswire-FirstCall/ -- Sun New Media Inc. , a Chinese Internet based marketing, information
and transactional services company linking businesses with businesses,
announced today that it has entered into a strategic cooperative
agreement with the China Periodical Management Center, the State's
principal regulator of magazines and periodicals nationwide. The
partnership gives Sun New Media a competitive edge within China's
quickly growing, but increasingly regulated e-publishing sector.
Through the agreement, the Company gains several unique benefits for its Marketing and Information Services Division, including:
* Exclusive access to a state-owned content library, which houses 6,500
books, 1,500 audio and video products, 44 journals, and 3 newspapers;
* An exclusive partnership with the Chinese Government to issue digital
publishing permits for business-to-business (B2B) online publishing;
* Support for developing a B2B search engine for all of China that will
enable users to search for information within specific industries;
* Ongoing government support for e-publishing as the industry undergoes
regulatory changes.
With these benefits granted to the Company, Sun New Media's Marketing & Information Services Division will be uniquely positioned to enhance the Company's Transactions Services business.
Ricky Ang, Chief Executive Officer of Sun New Media stated, "Sun New Media's partnership with the Periodical Management Center brings our Marketing & Information Services business unlimited access to B2B information across the country. As the Marketing & Information Services division becomes a larger part of our business going forward, today's announcement secures support from a key government information center, which gives us a substantial edge competitively and operationally. We are very excited to seize the growth opportunities in China's rapidly-growing e-publishing industry."
About the China Periodical Management Center and the China Publishing Group
The China Periodical Management Center is an affiliate of the China Publishing Group, which overseas the majority of print publishing throughout China's cities, provinces and on a national level. As the main operating arm of the State Administration of Press and Publication in China, the Group runs twelve subsidiaries, including: the People's Literature Publishing Press, People's Music Publishing Press, China Translation & Publishing Corporation, Xinhua Chief Bookstore, China National Publishing Industry Trading Corporation, China Book Export and Import Corporation; and affiliates such as Xinhua Publishing Group, Modern Education Press, and China Book Business Report Press. It also overseas 26 first and secondary publishing houses, 220 domestic bookshops and 23 offices overseas and has 7600 employees.
About Sun New Media Inc.
Sun New Media is a leading Chinese multi-media powered marketing and channel management company. Sun New Media builds e-enabled distribution systems, transaction platforms and business communities in fast growing Chinese vertical markets, connecting buyers and sellers with a suite of turnkey digital media, e-commerce, and information management solutions. Companies leverage Sun New Media's web-based business media communities to access vital industrial intelligence and forge trading relationships with suppliers and buyers that promote cost efficiencies and increased distribution reach. Learn more at http://www.sunnewmedia.net. |
