LOS GATOS, Calif.–(Business Wire)–
Rachel Baer, Secretary and Corporate Counsel for Media Exchange Group, Inc.
(f/k/a China Wireless Communications, Inc.) (Pink Sheets:CWLC) announced today
the signing of a non-binding letter of intent for the acquisition of Tarsin Ltd
by Media Exchange Group Inc. Both companies have agreed to work, through
counsel, towards the execution of a definitive agreement.
In the event of any acquisition the combined companies would retain the name
Media Exchange Group. The combined companies are developing unique mobile
applications, the youth sports social network, and digital trading card mobile
applications, along with Tarsin`s digital & multiple international mobile
product solutions for the wireless gaming industry and the proprietary CAPSA
Forward Looking Statements
Statements regarding financial matters in this press release other than
historical facts are “forward-looking statements” within the meaning of section
27A of the Securities Act of 1933, Securities Exchange Act of 1934, and as that
term is defined in the Private Securities Litigation Reform Act of 1995. The
company intends that such statements about the company’s future expectations,
including future revenues and earnings, and all other forward- looking
statements be subject to the safe harbors created thereby. Since these
statements (future operational results and sales) involve risks and
uncertainties and are subject to change at any time, the Company’s actual
results may differ materially from the expected results.
Media Exchange Group, Inc.
Suzanne Herrmann, +1-310-924-0014 (Investor Relations)
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