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Khmer Resources Announces Inauguration of Hong Kong OfficeHong Kong, Jan 17, 2013 (ACN Newswire via COMTEX) -- Khmer Resources Investment Holding Group Co. Limited ("Khmer Resources"), an energy development company headquartered in Phnom Penh, Cambodia, is pleased to announce today the inauguration of its Hong Kong office and the strategic partnership among Khmer Resources, Khmer International Media Group Corporation ("Khmer Media"), and i-marker Global Corporation ("i-marker "). Khmer Resources is the "window" company of Khmer Resources Investment Holding Group Co., Ltd ("Khmer Holding"), which owns rich mineral resources in Cambodia. The World Bank and International Monetary Fund expect Cambodia's GDP to expand around 7% per year, supported by the strong growth potential in agriculture, mining, processing and tourism industries. Furthermore, The Association of Southeast Asian Nations (ASEAN) countries are now the largest market for foreign investments by China enterprises, with a total investment of approximately USD12.5 billion in the past three years. It is believed that the establishment of Khmer Resources' office in Hong Kong should expand the channels for overseas investments in Cambodia and help to capitalize the country's rich natural resources. In December 2012, a Strategic Exclusive Partnership Agreement was signed among Khmer Resources, Khmer Media, and i-marker, with an effective period of ten years. According to the agreement, Khmer Media is to cooperate with related Institutions of the Cambodia Government to implement integration of the i-marker platform to major government procedures of Cambodia, including the immigration process, custom registration and clearance, passport issuance and registration, identity card issuance and so on. Khmer Media is to proactively promote the wider utilisation of i-marker's platform in Cambodia, and extending it to the other nine countries in ASEAN. His Excellency Oknia Cao Yunde (Rank of Minister), the Vice-President of Assistants & Advisors Team to Samdech Chea Sim - Chairman of the People's Party and President of the Cambodian Senate and Chairman of Khmer Resources commented: "The inauguration of our Hong Kong office connects international investors to a wide range of profitable projects in Cambodia and help foster the social and economic development of the country. We believe our presence in Hong Kong and the partnership with i-marker are the beginning of more mutually fruitful cooperation and development between Cambodia and the Greater China market in the future." After trading hours today, Hong Kong listed company China Railsmedia Corporation Limited ("China Railsmedia"; HKSE: 745) also announced that it has entered into a Memorandum of Understanding with the existing shareholders of i-marker in relation to a proposed acquisition of i-marker. Mr. Hui Chi Yung, Chairman of China Railsmedia said: "Given the vast potential of mobile commerce platforms especially in high growth emerging markets in Asia, combined with the outstanding quality and capabilities of the i-marker platform, we have full confidence in the future of i-marker. Our plan is to fully seize the business opportunities around the ASEAN region so as to expand i-marker's geographical reach and broaden its revenue base." About Khmer Resources Investment Holding Group Co. Limited Khmer Resources Investment Holding Group Co. Limited ("Khmer Resources") is the "window" company of Khmer Resources Investment Holding Group Co., Ltd ("Khmer Holding"), a company headquartered in Phnom Penh, Cambodia. Its main area of investment includes three major segments: the cultural education sector, financial industry, and resource development industry. Khmer Holding owns rich mineral resources and mines in Cambodia, including a number of large copper and gold mines as well as rare earth, nickel, and cobalt ores, bauxite, coal and other resources in Cambodia. Its Board of Directors is chaired by His Excellency Oknia Cao Yunde (Rank of Minister), the Vice-President of Assistants & Advisors Team to Samdech Chea Sim - Chairman of the People's Party and President of the Cambodian Senate. About Khmer International Media Group Corporation Khmer International Media Group Corporation ("Khmer Media") is incorporated under the laws of the Kingdom of Cambodia in Phnom Penh in 2012, and is wholly owned by Khmer Holding. Khmer Media is managed by Cambodia International Cooperation Organization, and is committed to fostering social and economic development of Cambodia, and establishing an authoritative, high-standard and professional media platform. Khmer Media operates the Chinese and Khmer bilingual Khmer Economy Magazine and Khmer Daily newspaper. About i-marker Global Corporation i-marker Global Corporation operates a mobile application named as "i-marker." i-marker runs on iPhone4 or above and Android mobile phone platform, when being used by the user with wireless networks (GPRS, 3G, WiFi, etc), to detect matrix barcodes (i-marker codes) generated by i-marker's back end system within any media. Such media including but not limited to traditional print media such as newspapers, magazines, publications, posters, billboards and backdrops, hidden multimedia information such as text, images, video and animation are automatically displayed on the mobile screen, without the need of the user to click on any further website link. About China RailsMedia China RailsMedia Corporation Limited (HKSE: 745) is engaged in a broad spectrum of construction works and the provision of multi-media services group. The Group's businesses include building constructions, renovation and fitting out works for both public and private sectors in Hong Kong, media and management services for the multi-media business in the PRC and outdoor advertising in Hong Kong. The Group's shares have been listed on the Main Board of the Stock Exchange of Hong Kong since 13 October 2004. For more corporate information on the Group, please access our website at http://www.whc.com.hk. Source: Khmer Resources Contact: Strategic Financial Relations Limited Cindy Lung Tel: +852 2864 4867; Email: [email protected] Sherman Yu Tel: +852 2114 4956; Email: [email protected] Vanessa Zhang Tel: +852 2114 4981; Email: [email protected] Jovanni Cai Tel: +852 2114 4937; Email: [email protected] |