0001144204-11-025654.txt : 20110503 0001144204-11-025654.hdr.sgml : 20110503 20110503090941 ACCESSION NUMBER: 0001144204-11-025654 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110502 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110503 DATE AS OF CHANGE: 20110503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: China MediaExpress Holdings, Inc. CENTRAL INDEX KEY: 0001399067 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING [7310] IRS NUMBER: 208951489 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33746 FILM NUMBER: 11803034 BUSINESS ADDRESS: STREET 1: ROOM 2805, CENTRAL PLAZA, CITY: WANCHAI, STATE: K3 ZIP: 00000 BUSINESS PHONE: 852 2827 6100 MAIL ADDRESS: STREET 1: ROOM 2805, CENTRAL PLAZA, CITY: WANCHAI, STATE: K3 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: TM Entertainment & Media, Inc. DATE OF NAME CHANGE: 20070509 8-K 1 v220493_8k.htm Unassociated Document
 

 
UNITED STATES
 
SECURITIES AND EXCHANGE COMMISSION
 
WASHINGTON, D.C. 20549
 
______________
 
FORM 8-K
 
CURRENT REPORT
 
PURSUANT TO SECTION 13 OR 15(d) OF THE
 
SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported)  May 2, 2011
 
CHINA MEDIAEXPRESS HOLDING, INC.
 
(Exact Name of Registrant as Specified in Charter)

Delaware
  
001-33746
  
20-8951489
(State or Other Jurisdiction
of Incorporation)
  
(Commission
File Number)
  
(IRS Employer
Identification No.)
 

22/F Wuyi Building, 33 Dongjie Street, Fuzhou, China 350009
  
N/A
(Address of Principal Executive Offices)
  
(Zip Code)

Registrant’s telephone number, including area code:   +86 591 38377988

 
 
_______________________________
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
 
Item 8.01.  Other Events

On May 2, 2011, China MediaExpress Holdings, Inc. (the “Company”) issued a press release announcing that the Audit Committee of the Board of Directors of the Company has retained law firm DLA Piper to assist in its investigation of concerns raised by Deloitte Touche Tohmatsu (“DTT”) when it resigned as the Company’s registered independent accounting firm on March 11, 2011.
 
Item 9.01.  Financial Statements and Exhibits
 
(d)           Exhibits
 
Exhibit No.
Description
99.1
Press Release dated May 2, 2011
 

 
2
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
  CHINA MEDIAEXPRESS HOLDINGS, INC.  
     
       
Date:  May 2, 2011
By:
/s/ Zheng Cheng  
   
Name:  Zheng Cheng
  
   
Title:    Chief Executive Officer
  
       
 
 
3
 
 
 EX-99.1 2 v220493_ex99-1.htm Unassociated Document
 

Press Release

 
Independent Committee of CME Board Retains
DLA Piper to Advise in Connection with Investigation

FUJIAN, China, May 2, 2011 -- China MediaExpress Holdings, Inc. ("CME" or "Company"), China's largest television advertising operator on inter-city and airport express buses, today announced that the Audit Committee of the Board of Directors of the Company has retained law firm DLA Piper to assist in its investigation of concerns raised by Deloitte Touche Tohmatsu (“DTT”) when it resigned as the Company’s registered independent accounting firm on March 11, 2011.
“The Audit Committee of the Board of Directors is proceeding with the investigation of the concerns raised by DTT, and is pleased to have DLA Piper on board, who in turn has retained a Big Four audit firm, PricewaterhouseCoopers, to assist in this investigation" stated Mr. George Zhou, Independent Director and member of Audit Committee.
- Ends -

About CME
CME, through contractual arrangements with Fujian Fenzhong, an entity majority owned by CME’s former majority shareholder, operates the largest television advertising network on inter-city and airport express buses in China. While CME has no direct equity ownership in Fujian Fenzhong, through the contractual agreements CME receives the economic benefits of Fujian Fenzhong’s operations. Fujian Fenzhong generates revenue by selling advertisements on its network of television displays installed on over 27,200 express buses originating in eighteen of China's most prosperous regions, including the four municipalities of Beijing, Shanghai, Tianjin and Chongqing and fourteen economically prosperous regions, namely Guangdong, Jiangsu, Jiangxi, Fujian, Sichuan, Hebei, Anhui, Hubei, Shandong, Shanxi, Inner Mongolia, Zhejiang, Hunan and Henan.

CME is included in the Russell Global Index. For more information visit: www.ccme.tv

Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 (the "Securities Act"), as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements include, but are not limited to statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this report may include, for example, statements about:
 
-  
The Company's goals and strategies;
 
-  
The outcome of significant regulatory investigations and private litigation the Company is facing in the United States and elsewhere, including the pending delisting of its common stock by The NASDAQ Stock Market, LLC;
 
-  
The Company's future prospects and market acceptance of its advertising network;
 
-  
The Company's future business development, financial condition and results of operations;
 
-  
Projected changes in revenue, costs, expense items, profits, earnings, and other estimated financial information;
 
-  
The Company's ability to manage the growth of its existing advertising network on inter-city express buses and expansion to prospective advertising network on high speed railways;
 
-  
Trends and competition in the out-of-home advertising media market in China;
 
-  
Changes in general economic and business conditions in China; and
 
-  
Chinese laws, regulation and policies, including those applicable to the advertising industry.
 

CONTACT:
Investor Relations Department
China MediaExpress
+852-2827-6082
ir@ccme.tv